HICOX vs. DGRO
Compare and contrast key facts about Colorado Bond Shares A Tax Exempt Fund (HICOX) and iShares Core Dividend Growth ETF (DGRO).
HICOX is managed by Freedom Funds. It was launched on Jun 3, 1987. 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.
Performance
HICOX vs. DGRO - Performance Comparison
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HICOX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 0.72% | 4.36% | 8.64% | 5.10% | -6.14% | 4.44% | 4.69% | 6.42% | 4.64% | 5.63% |
DGRO iShares Core Dividend Growth ETF | 1.60% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Returns By Period
In the year-to-date period, HICOX achieves a 0.72% return, which is significantly lower than DGRO's 1.60% return. Over the past 10 years, HICOX has underperformed DGRO with an annualized return of 4.03%, while DGRO has yielded a comparatively higher 12.81% annualized return.
HICOX
- 1D
- 0.34%
- 1M
- -0.76%
- YTD
- 0.72%
- 6M
- 2.56%
- 1Y
- 5.36%
- 3Y*
- 5.71%
- 5Y*
- 2.94%
- 10Y*
- 4.03%
DGRO
- 1D
- 0.03%
- 1M
- -4.46%
- YTD
- 1.60%
- 6M
- 3.88%
- 1Y
- 16.44%
- 3Y*
- 14.60%
- 5Y*
- 10.14%
- 10Y*
- 12.81%
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HICOX vs. DGRO - Expense Ratio Comparison
HICOX has a 0.55% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Return for Risk
HICOX vs. DGRO — Risk / Return Rank
HICOX
DGRO
HICOX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Colorado Bond Shares A Tax Exempt Fund (HICOX) 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.
| HICOX | DGRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.14 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.66 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.25 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.48 | -0.08 |
Martin ratioReturn relative to average drawdown | 6.74 | 6.80 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HICOX | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.14 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.74 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.31 | 0.77 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 0.73 | +0.87 |
Correlation
The correlation between HICOX and DGRO is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HICOX vs. DGRO - Dividend Comparison
HICOX's dividend yield for the trailing twelve months is around 5.17%, more than DGRO's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 5.17% | 3.98% | 6.34% | 2.53% | 2.85% | 3.60% | 3.64% | 4.11% | 4.54% | 4.56% | 5.49% | 4.32% |
DGRO iShares Core Dividend Growth ETF | 2.10% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
Drawdowns
HICOX vs. DGRO - Drawdown Comparison
The maximum HICOX drawdown since its inception was -11.00%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for HICOX and DGRO.
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Drawdown Indicators
| HICOX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.00% | -35.10% | +24.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -10.92% | +7.25% |
Max Drawdown (5Y)Largest decline over 5 years | -9.66% | -19.31% | +9.65% |
Max Drawdown (10Y)Largest decline over 10 years | -9.66% | -35.10% | +25.44% |
Current DrawdownCurrent decline from peak | -0.76% | -4.70% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -3.48% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.37% | -1.61% |
Volatility
HICOX vs. DGRO - Volatility Comparison
The current volatility for Colorado Bond Shares A Tax Exempt Fund (HICOX) is 0.93%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.57%. This indicates that HICOX 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.
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Volatility by Period
| HICOX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 3.57% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 7.21% | -5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 14.47% | -10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.53% | 13.84% | -10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.09% | 16.63% | -13.54% |