HDV vs. DGRO
Compare and contrast key facts about iShares Core High Dividend ETF (HDV) and iShares Core Dividend Growth ETF (DGRO).
HDV and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011. 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 HDV 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: HDV or DGRO.
Performance
HDV vs. DGRO - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with HDV having a 19.62% return and DGRO slightly lower at 19.14%. Over the past 10 years, HDV has underperformed DGRO with an annualized return of 8.23%, while DGRO has yielded a comparatively higher 11.72% annualized return.
HDV
19.62%
0.27%
9.48%
25.49%
8.48%
8.23%
DGRO
19.14%
-0.44%
9.59%
26.59%
11.75%
11.72%
Key characteristics
| HDV | DGRO | |
|---|---|---|
| Sharpe Ratio | 2.65 | 2.76 |
| Sortino Ratio | 3.90 | 3.90 |
| Omega Ratio | 1.48 | 1.51 |
| Calmar Ratio | 4.63 | 5.19 |
| Martin Ratio | 19.67 | 18.07 |
| Ulcer Index | 1.31% | 1.46% |
| Daily Std Dev | 9.71% | 9.55% |
| Max Drawdown | -37.04% | -35.10% |
| Current Drawdown | -0.77% | -1.79% |
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HDV vs. DGRO - Expense Ratio Comparison
Both HDV and DGRO have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between HDV and DGRO is 0.87, 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.
Risk-Adjusted Performance
HDV vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) 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
HDV vs. DGRO - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 3.34%, more than DGRO's 2.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.34% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
DGRO iShares Core Dividend Growth ETF | 2.18% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
HDV vs. DGRO - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for HDV and DGRO. For additional features, visit the drawdowns tool.
Volatility
HDV vs. DGRO - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 2.74%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.22%. This indicates that HDV 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.