EDEN vs. DGRO

Last updated Aug 4, 2026

EDEN (iShares MSCI Denmark ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, EDEN returned 9.23%/yr vs 13.38%/yr for DGRO. Their 0.54 correlation means they have sometimes moved together and sometimes differently. EDEN charges 0.53%/yr vs 0.08%/yr for DGRO.

Performance

EDEN vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Denmark ETF (EDEN) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDEN achieves a 0.35% return, which is significantly lower than DGRO's 13.79% return. Over the past 10 years, EDEN has underperformed DGRO with an annualized return of 9.23%, while DGRO has yielded a comparatively higher 13.38% annualized return.

EDEN

• 1D: -0.36%
• 1M: -1.54%
• 6M: -6.38%
• YTD: 0.35%
• 1Y: 11.28%
• 3Y*: 4.96%
• 5Y*: 1.55%
• 10Y*: 9.23%
• ALL TIME*: 12.17%

DGRO

• 1D: 0.35%
• 1M: 1.32%
• 6M: 9.21%
• YTD: 13.79%
• 1Y: 24.64%
• 3Y*: 17.09%
• 5Y*: 11.15%
• 10Y*: 13.38%
• ALL TIME*: 12.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRO iShares Core Dividend Growth ETF	$107.57M	$103.25M	$110.55M
EDEN iShares MSCI Denmark ETF	$592.81K	$1.22M	$1.02M

EDEN vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDEN iShares MSCI Denmark ETF	0.35%	10.58%	-3.94%	17.99%	-11.47%	14.81%	42.56%	24.37%	-14.43%	35.39%
DGRO iShares Core Dividend Growth ETF	13.79%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Correlation

The correlation between EDEN and DGRO is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (5Y) Shows whether the relationship held over a longer period.	0.55
Correlation (10Y) Provides a long-term view across more market conditions.	0.52
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014	0.54

The correlation between EDEN and DGRO has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.

EDEN vs. DGRO - Sectors Allocation Comparison

Sectors	EDEN	DGRO
Healthcare	38.3%	17.9%
Industrials	29.0%	11.3%
Financial Services	15.5%	20.4%
Basic Materials	4.8%	2.5%
Consumer Defensive	4.7%	11.9%
Utilities	3.2%	7.3%
Consumer Cyclical	2.8%	6.5%
Technology	0.9%	17.3%
Energy	0.9%	4.8%
Communication Services	-	0.1%
Real Estate	-	-

Return for Risk

EDEN vs. DGRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EDEN

EDEN Risk / Return Rank: 23
EDEN Sharpe Ratio Rank: 25
EDEN Sortino Ratio Rank: 25
EDEN Omega Ratio Rank: 25
EDEN Calmar Ratio Rank: 20
EDEN Martin Ratio Rank: 20

DGRO

DGRO Risk / Return Rank: 92
DGRO Sharpe Ratio Rank: 94
DGRO Sortino Ratio Rank: 94
DGRO Omega Ratio Rank: 93
DGRO Calmar Ratio Rank: 90
DGRO Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EDEN vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Denmark ETF (EDEN) 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.

	EDEN	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	0.58	2.60	-2.02
Sortino ratio: Return per unit of downside risk	0.95	3.77	-2.83
Omega ratio: Gain probability vs. loss probability	1.12	1.48	-0.36
Calmar ratio: Return relative to maximum drawdown	0.54	3.83	-3.29
Martin ratio: Return relative to average drawdown	1.25	14.91	-13.66

EDEN vs. DGRO - Sharpe Ratio Comparison

The current EDEN Sharpe Ratio is 0.58, which is lower than the DGRO Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of EDEN and DGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EDEN vs. DGRO - Drawdown Comparison

The maximum EDEN drawdown since its inception was -36.61%, roughly equal to the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for EDEN and DGRO.

Drawdown Indicators

	EDEN	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-36.61%	-35.10%	-1.51%
Max Drawdown (1Y) Largest decline over 1 year	-21.17%	-6.47%	-14.70%
Max Drawdown (3Y) Largest decline over 3 years	-29.31%	-14.03%	-15.28%
Max Drawdown (5Y) Largest decline over 5 years	-36.61%	-19.31%	-17.30%
Max Drawdown (10Y) Largest decline over 10 years	-36.61%	-35.10%	-1.51%
Current Drawdown Current decline from peak	-10.53%	-1.01%	-9.52%
Average Drawdown Average peak-to-trough decline	-7.41%	-3.41%	-4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.06%	1.66%	+7.40%

Volatility

EDEN vs. DGRO - Volatility Comparison

iShares MSCI Denmark ETF (EDEN) has a higher volatility of 4.93% compared to iShares Core Dividend Growth ETF (DGRO) at 2.88%. This indicates that EDEN'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.

Volatility by Period

	EDEN	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	2.88%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	15.52%	7.12%	+8.40%
Volatility (1Y) Calculated over the trailing 1-year period	19.65%	9.54%	+10.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.38%	13.79%	+6.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	16.58%	+2.62%

EDEN vs. DGRO - Expense Ratio Comparison

EDEN has a 0.53% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

EDEN vs. DGRO - Dividend Comparison

EDEN's dividend yield for the trailing twelve months is around 3.05%, more than DGRO's 1.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.89%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
EDEN iShares MSCI Denmark ETF	3.05%	2.79%	1.50%	1.92%	1.47%	0.74%	0.42%	2.36%	2.01%	2.03%	1.28%	1.46%

Frequently Asked Questions

Can I hold both EDEN and DGRO in my portfolio?

EDEN and DGRO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDEN or DGRO?

EDEN has higher volatility (4.93%) compared to DGRO (2.88%). In terms of maximum drawdown, EDEN dropped -36.61% vs DGRO's -35.10%.

Which ETF is better, EDEN or DGRO?

On 10-year performance, DGRO leads with 13.38% vs 9.23% for EDEN. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDEN or DGRO?

Over the 10-year period, DGRO has performed better with a 13.38% return vs 9.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDEN or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.53% for EDEN.

Which ETF pays a higher dividend yield, EDEN or DGRO?

EDEN has the higher dividend yield at 3.05%, compared with 1.89% for DGRO.

What is the main difference between EDEN and DGRO?

EDEN is categorized as Europe Equities, while DGRO is Large Cap Growth Equities. EDEN tracks MSCI Denmark IMI 25/50 Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.53% for EDEN and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.60 vs 0.58), 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.