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GDV.TO vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GDV.TO vs. DGRO

Last updated Jun 4, 2026

GDV.TO (Global Dividend Growth Split Corp.) is a stock, while DGRO (iShares Core Dividend Growth ETF) is Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 5 years, GDV.TO returned 15.14%/yr vs 13.70%/yr for DGRO. At a 0.35 correlation, their price movements are largely independent.

Performance

GDV.TO vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global Dividend Growth Split Corp. (GDV.TO) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

GDV.TO is traded in CAD, while DGRO is traded in USD. To make them comparable, the DGRO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GDV.TO achieves a 17.22% return, which is significantly higher than DGRO's 10.15% return.

GDV.TO

1D
-0.50%
1M
2.53%
YTD
17.22%
6M
19.64%
1Y
38.62%
3Y*
26.18%
5Y*
15.14%
10Y*
—

DGRO

1D
0.13%
1M
5.20%
YTD
10.15%
6M
8.33%
1Y
24.12%
3Y*
18.35%
5Y*
13.70%
10Y*
14.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GDV.TO vs. DGRO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GDV.TO
Global Dividend Growth Split Corp.		17.22%19.30%48.36%-4.26%-3.99%36.26%8.03%44.37%-16.81%
DGRO
iShares Core Dividend Growth ETF		10.15%10.39%26.64%8.03%-1.35%25.50%7.65%23.48%-1.27%

Correlation

The correlation between GDV.TO and DGRO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Jun 18, 2018

0.35

The correlation between GDV.TO and DGRO shifts across timeframes, from 0.23 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global Dividend Growth Split Corp.

iShares Core Dividend Growth ETF

Often compared with GDV.TO:
GDV.TO vs. DGS.TOGDV.TO vs. DFN.TOGDV.TO vs. SBC.TOGDV.TO vs. VOOGDV.TO vs. LBS.TOGDV.TO vs. MDIVGDV.TO vs. ^GSPC
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

GDV.TO vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GDV.TO
GDV.TO Risk / Return Rank: 8888
Overall Rank
GDV.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
GDV.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
GDV.TO Omega Ratio Rank: 9090
Omega Ratio Rank
GDV.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
GDV.TO Martin Ratio Rank: 9090
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 7171
Overall Rank
DGRO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 7676
Sortino Ratio Rank
DGRO Omega Ratio Rank: 7070
Omega Ratio Rank
DGRO Calmar Ratio Rank: 6969
Calmar Ratio Rank
DGRO Martin Ratio Rank: 7171
Martin Ratio Rank
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.

GDV.TO vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global Dividend Growth Split Corp. (GDV.TO) 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.

GDV.TODGRODifference
Sharpe ratioReturn per unit of total volatility
2.44
2.50

-0.06

Sortino ratioReturn per unit of downside risk
3.24
3.59

-0.35

Omega ratioGain probability vs. loss probability

1.44

1.45

-0.02

Calmar ratioReturn relative to maximum drawdown

2.87

4.04

-1.17

Martin ratioReturn relative to average drawdown

12.74

16.09

-3.35

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDV.TO vs. DGRO - Sharpe Ratio Comparison

The current GDV.TO Sharpe Ratio is 2.44, which is comparable to the DGRO Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of GDV.TO 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.

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Sharpe Ratios by Period

GDV.TODGRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.44

2.50

-0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

1.14

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.94

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

1.00

-0.47

Drawdowns

GDV.TO vs. DGRO - Drawdown Comparison

The maximum GDV.TO drawdown since its inception was -58.09%, which is greater than DGRO's maximum drawdown of -29.01%. Use the drawdown chart below to compare losses from any high point for GDV.TO and DGRO.

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Drawdown Indicators

GDV.TODGRODifference

Max Drawdown

Largest peak-to-trough decline

-58.09%

-29.01%

-29.08%

Max Drawdown (1Y)

Largest decline over 1 year

-13.51%

-5.99%

-7.52%

Max Drawdown (3Y)

Largest decline over 3 years

-24.30%

-14.61%

-9.69%

Max Drawdown (5Y)

Largest decline over 5 years

-25.16%

-15.75%

-9.41%

Max Drawdown (10Y)

Largest decline over 10 years

—

-29.01%

—

Current Drawdown

Current decline from peak

-1.64%

0.00%

-1.64%

Average Drawdown

Average peak-to-trough decline

-6.67%

-2.82%

-3.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.04%

1.50%

+1.54%

Volatility

GDV.TO vs. DGRO - Volatility Comparison

Global Dividend Growth Split Corp. (GDV.TO) has a higher volatility of 4.22% compared to iShares Core Dividend Growth ETF (DGRO) at 2.29%. This indicates that GDV.TO'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

GDV.TODGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.22%

2.29%

+1.93%

Volatility (6M)

Calculated over the trailing 6-month period

13.27%

7.34%

+5.93%

Volatility (1Y)

Calculated over the trailing 1-year period

15.87%

9.70%

+6.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.62%

12.03%

+7.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.20%

15.04%

+16.16%

Dividends

GDV.TO vs. DGRO - Dividend Comparison

GDV.TO's dividend yield for the trailing twelve months is around 8.80%, more than DGRO's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.96%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
GDV.TO
Global Dividend Growth Split Corp.		8.80%10.41%11.99%15.58%12.90%11.83%13.14%12.30%9.10%0.00%0.00%0.00%

Frequently Asked Questions

GDV.TO and DGRO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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