EUSA vs. DGRO

Last updated Jun 5, 2026

EUSA (iShares MSCI USA Equal Weighted ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - EUSA is a Mid Cap Blend Equities fund tracking the MSCI USA Equal Weighted 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, EUSA returned 11.57%/yr vs 13.34%/yr for DGRO. Their correlation of 0.89 suggests significant overlap in exposure. EUSA charges 0.09%/yr vs 0.08%/yr for DGRO.

Performance

EUSA vs. DGRO - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with EUSA having a 10.04% return and DGRO slightly lower at 9.64%. Over the past 10 years, EUSA has underperformed DGRO with an annualized return of 11.57%, while DGRO has yielded a comparatively higher 13.34% annualized return.

EUSA

• 1D: 0.81%
• 1M: 3.88%
• YTD: 10.04%
• 6M: 10.00%
• 1Y: 19.17%
• 3Y*: 16.37%
• 5Y*: 7.90%
• 10Y*: 11.57%

DGRO

• 1D: 0.81%
• 1M: 3.27%
• YTD: 9.64%
• 6M: 9.87%
• 1Y: 23.89%
• 3Y*: 17.46%
• 5Y*: 10.72%
• 10Y*: 13.34%

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

EUSA vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUSA iShares MSCI USA Equal Weighted ETF	10.04%	10.24%	14.64%	17.72%	-17.13%	25.60%	15.03%	30.56%	-8.58%	19.02%
DGRO iShares Core Dividend Growth ETF	9.64%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Correlation

The correlation between EUSA and DGRO is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 13, 2014	0.89

The correlation between EUSA and DGRO has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

EUSA vs. DGRO - Sectors Allocation Comparison

Sectors	EUSA	DGRO
Technology	21.3%	19.4%
Industrials	14.7%	10.8%
Financial Services	14.4%	21.2%
Healthcare	10.1%	16.4%
Consumer Cyclical	9.7%	5.7%
Utilities	5.6%	6.9%
Real Estate	5.5%	-
Consumer Defensive	5.2%	11.5%
Communication Services	4.8%	0.1%
Energy	4.6%	5.6%
Basic Materials	4.1%	2.5%

Return for Risk

EUSA vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUSA

EUSA Risk / Return Rank: 50
EUSA Sharpe Ratio Rank: 48
EUSA Sortino Ratio Rank: 49
EUSA Omega Ratio Rank: 46
EUSA Calmar Ratio Rank: 51
EUSA Martin Ratio Rank: 57

DGRO

DGRO Risk / Return Rank: 78
DGRO Sharpe Ratio Rank: 79
DGRO Sortino Ratio Rank: 83
DGRO Omega Ratio Rank: 78
DGRO Calmar Ratio Rank: 75
DGRO Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUSA vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Equal Weighted ETF (EUSA) 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.

	EUSA	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.53	-0.90
Sortino ratio: Return per unit of downside risk	2.36	3.68	-1.31
Omega ratio: Gain probability vs. loss probability	1.28	1.46	-0.18
Calmar ratio: Return relative to maximum drawdown	2.46	3.71	-1.25
Martin ratio: Return relative to average drawdown	9.76	14.33	-4.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUSA vs. DGRO - Sharpe Ratio Comparison

The current EUSA Sharpe Ratio is 1.63, which is lower than the DGRO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of EUSA 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.

Sharpe Ratios by Period

	EUSA	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	2.53	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.78	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.81	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.77	-0.06

Drawdowns

EUSA vs. DGRO - Drawdown Comparison

The maximum EUSA drawdown since its inception was -39.16%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for EUSA and DGRO.

Drawdown Indicators

	EUSA	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	-35.10%	-4.06%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-6.47%	-1.35%
Max Drawdown (3Y) Largest decline over 3 years	-18.20%	-14.03%	-4.17%
Max Drawdown (5Y) Largest decline over 5 years	-25.24%	-19.31%	-5.93%
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	-35.10%	-4.06%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.59%	-3.44%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.67%	+0.30%

Volatility

EUSA vs. DGRO - Volatility Comparison

iShares MSCI USA Equal Weighted ETF (EUSA) has a higher volatility of 2.93% compared to iShares Core Dividend Growth ETF (DGRO) at 2.24%. This indicates that EUSA'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

	EUSA	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	2.24%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	6.94%	+1.81%
Volatility (1Y) Calculated over the trailing 1-year period	11.80%	9.49%	+2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	13.82%	+3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	16.62%	+1.72%

EUSA vs. DGRO - Expense Ratio Comparison

EUSA has a 0.09% expense ratio, which is higher than DGRO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EUSA vs. DGRO - Dividend Comparison

EUSA's dividend yield for the trailing twelve months is around 1.51%, less than DGRO's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.94%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
EUSA iShares MSCI USA Equal Weighted ETF	1.51%	1.63%	1.47%	1.53%	1.73%	1.23%	1.45%	1.49%	2.01%	1.50%	1.59%	2.21%

Frequently Asked Questions

Can I hold both EUSA and DGRO in my portfolio?

EUSA and DGRO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUSA or DGRO?

EUSA has higher volatility (2.93%) compared to DGRO (2.24%). In terms of maximum drawdown, EUSA dropped -39.16% vs DGRO's -35.10%.

Which ETF is better, EUSA or DGRO?

On 10-year performance, DGRO leads with 13.34% vs 11.57% for EUSA. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUSA or DGRO?

Over the 10-year period, DGRO has performed better with a 13.34% return vs 11.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUSA or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.09% for EUSA.

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

DGRO has the higher dividend yield at 1.94%, compared with 1.51% for EUSA.

What is the main difference between EUSA and DGRO?

EUSA is categorized as Mid Cap Blend Equities, while DGRO is Large Cap Growth Equities. EUSA tracks MSCI USA Equal Weighted Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.09% for EUSA and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.53 vs 1.63), 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.