DVY vs. DGRO
Compare and contrast key facts about iShares Select Dividend ETF (DVY) and iShares Core Dividend Growth ETF (DGRO).
DVY and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DVY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Dividend Index. It was launched on Nov 3, 2003. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both DVY and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DVY or DGRO.
Key characteristics
| DVY | DGRO | |
|---|---|---|
| YTD Return | 16.94% | 18.17% |
| 1Y Return | 33.15% | 33.75% |
| 3Y Return (Ann) | 8.02% | 8.17% |
| 5Y Return (Ann) | 9.52% | 12.10% |
| 10Y Return (Ann) | 9.28% | 11.92% |
| Sharpe Ratio | 2.67 | 3.63 |
| Sortino Ratio | 3.73 | 5.08 |
| Omega Ratio | 1.47 | 1.68 |
| Calmar Ratio | 2.06 | 3.24 |
| Martin Ratio | 16.41 | 25.37 |
| Ulcer Index | 2.10% | 1.39% |
| Daily Std Dev | 12.90% | 9.71% |
| Max Drawdown | -62.59% | -35.10% |
| Current Drawdown | -2.74% | -2.13% |
Correlation
The correlation between DVY and DGRO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DVY vs. DGRO - Performance Comparison
In the year-to-date period, DVY achieves a 16.94% return, which is significantly lower than DGRO's 18.17% return. Over the past 10 years, DVY has underperformed DGRO with an annualized return of 9.28%, while DGRO has yielded a comparatively higher 11.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DVY vs. DGRO - Expense Ratio Comparison
DVY has a 0.39% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
DVY vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) 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.
Dividends
DVY vs. DGRO - Dividend Comparison
DVY's dividend yield for the trailing twelve months is around 3.50%, more than DGRO's 2.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | 3.50% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% | 3.03% | 3.06% |
DGRO iShares Core Dividend Growth ETF | 2.20% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
DVY vs. DGRO - Drawdown Comparison
The maximum DVY drawdown since its inception was -62.59%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for DVY and DGRO. For additional features, visit the drawdowns tool.
Volatility
DVY vs. DGRO - Volatility Comparison
iShares Select Dividend ETF (DVY) has a higher volatility of 3.30% compared to iShares Core Dividend Growth ETF (DGRO) at 2.54%. This indicates that DVY'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.