DIVB vs. DGRO
DIVB (iShares Core Dividend ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 5 years, DIVB returned 12.32%/yr vs 11.08%/yr for DGRO. Their correlation of 0.93 suggests significant overlap in exposure. DIVB charges 0.05%/yr vs 0.08%/yr for DGRO.
Performance
DIVB vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, DIVB achieves a 15.96% return, which is significantly higher than DGRO's 8.84% return.
DIVB
- 1D
- 0.07%
- 1M
- 0.62%
- YTD
- 15.96%
- 6M
- 15.17%
- 1Y
- 27.44%
- 3Y*
- 21.34%
- 5Y*
- 12.32%
- 10Y*
- —
DGRO
- 1D
- 0.08%
- 1M
- 0.48%
- YTD
- 8.84%
- 6M
- 8.25%
- 1Y
- 22.81%
- 3Y*
- 16.80%
- 5Y*
- 11.08%
- 10Y*
- 13.58%
DIVB vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 15.96% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
DGRO iShares Core Dividend Growth ETF | 8.84% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 4.52% |
Correlation
The correlation between DIVB and DGRO is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.93 |
The correlation between DIVB and DGRO has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
DIVB vs. DGRO — Risk / Return Rank
DIVB
DGRO
DIVB vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend ETF (DIVB) and iShares Core Dividend Growth ETF (DGRO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DIVB | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 3.54 | +0.50 |
| Martin ratioReturn relative to average drawdown | 13.51 | 13.67 | -0.16 |
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Drawdowns
DIVB vs. DGRO - Drawdown Comparison
The maximum DIVB drawdown since its inception was -36.93%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for DIVB and DGRO.
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Drawdown Indicators
| DIVB | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -35.10% | -1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -6.47% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -14.03% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -19.31% | -1.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -2.10% | -1.21% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -3.43% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.67% | +0.37% |
Volatility
DIVB vs. DGRO - Volatility Comparison
iShares Core Dividend ETF (DIVB) has a higher volatility of 4.61% compared to iShares Core Dividend Growth ETF (DGRO) at 2.64%. This indicates that DIVB's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIVB | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 2.64% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 6.94% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 9.55% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 13.80% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 16.63% | +1.73% |
DIVB vs. DGRO - Expense Ratio Comparison
DIVB has a 0.05% expense ratio, which is lower than DGRO's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DIVB vs. DGRO - Dividend Comparison
DIVB's dividend yield for the trailing twelve months is around 2.29%, more than DGRO's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.97% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
DIVB iShares Core Dividend ETF | 2.29% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, DIVB and DGRO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DIVB has higher volatility (4.61%) compared to DGRO (2.64%). In terms of maximum drawdown, DIVB dropped -36.93% vs DGRO's -35.10%.
On 5-year performance, DIVB leads with 12.32% vs 11.08% for DGRO. On fees, DIVB is cheaper at 0.05% per year. On volatility, DGRO has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 12.32% return vs 11.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.08% for DGRO.
DIVB has the higher dividend yield at 2.29%, compared with 1.97% for DGRO.
DIVB is categorized as Dividend, while DGRO is Large Cap Growth Equities. DIVB tracks Morningstar US Dividend and Buyback Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.05% for DIVB and 0.08% for DGRO.
DGRO currently has the higher Sharpe Ratio (2.40 vs 2.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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