DIVGX vs. DGRO
DIVGX (Guardian Capital Dividend Growth Fund) and DGRO (iShares Core Dividend Growth ETF) are both funds - DIVGX is a Large Cap Blend Equities fund managed by Guardian, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 5 years, DIVGX returned 11.06%/yr vs 11.00%/yr for DGRO. Their correlation of 0.85 suggests significant overlap in exposure. DIVGX charges 0.95%/yr vs 0.08%/yr for DGRO.
Performance
DIVGX vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, DIVGX achieves a 8.68% return, which is significantly lower than DGRO's 9.19% return.
DIVGX
- 1D
- -0.37%
- 1M
- -0.80%
- YTD
- 8.68%
- 6M
- 8.31%
- 1Y
- 17.28%
- 3Y*
- 16.60%
- 5Y*
- 11.06%
- 10Y*
- —
DGRO
- 1D
- 0.32%
- 1M
- 0.80%
- YTD
- 9.19%
- 6M
- 8.52%
- 1Y
- 22.22%
- 3Y*
- 16.92%
- 5Y*
- 11.00%
- 10Y*
- 13.62%
DIVGX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DIVGX Guardian Capital Dividend Growth Fund | 8.68% | 13.62% | 16.20% | 19.48% | -14.64% | 27.43% | 9.47% | 10.67% |
DGRO iShares Core Dividend Growth ETF | 9.19% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 12.34% |
Correlation
The correlation between DIVGX and DGRO is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 1, 2019 | 0.85 |
The correlation between DIVGX and DGRO shifts across timeframes, from 0.74 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DIVGX vs. DGRO — Risk / Return Rank
DIVGX
DGRO
DIVGX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guardian Capital Dividend Growth Fund (DIVGX) 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.
| DIVGX | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.42 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.45 | -0.84 |
| Martin ratioReturn relative to average drawdown | 11.03 | 13.31 | -2.28 |
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Drawdowns
DIVGX vs. DGRO - Drawdown Comparison
The maximum DIVGX drawdown since its inception was -32.33%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for DIVGX and DGRO.
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Drawdown Indicators
| DIVGX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.33% | -35.10% | +2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -6.47% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -13.35% | -14.03% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -23.86% | -19.31% | -4.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.90% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -3.43% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.67% | -0.04% |
Volatility
DIVGX vs. DGRO - Volatility Comparison
The current volatility for Guardian Capital Dividend Growth Fund (DIVGX) is 2.49%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.63%. This indicates that DIVGX experiences smaller price fluctuations and is considered to be less risky 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
| DIVGX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 2.63% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.36% | 6.94% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.47% | 9.53% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 13.80% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 16.60% | +0.03% |
DIVGX vs. DGRO - Expense Ratio Comparison
DIVGX has a 0.95% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
DIVGX vs. DGRO - Dividend Comparison
DIVGX's dividend yield for the trailing twelve months is around 24.95%, 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% |
DIVGX Guardian Capital Dividend Growth Fund | 24.95% | 27.35% | 1.15% | 1.46% | 3.08% | 1.36% | 1.22% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DIVGX and DGRO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (2.63%) compared to DIVGX (2.49%). In terms of maximum drawdown, DIVGX dropped -32.33% vs DGRO's -35.10%.
DGRO currently has the higher Sharpe Ratio (2.35 vs 1.90), 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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