HYGI vs. DGRO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Inflation Hedged High Yield Bond ETF (HYGI) and iShares Core Dividend Growth ETF (DGRO).

HYGI and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYGI is a passively managed fund by iShares that tracks the performance of the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. It was launched on Jun 22, 2022. 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 HYGI 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.

Performance

HYGI vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Inflation Hedged High Yield Bond ETF (HYGI) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

HYGI vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	11.71%	0.65%
DGRO iShares Core Dividend Growth ETF	1.60%	15.69%	16.62%	10.47%	4.34%

Returns By Period

HYGI

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

HYGI vs. DGRO - Expense Ratio Comparison

HYGI has a 0.52% expense ratio, which is higher than DGRO's 0.08% expense ratio.

HYGI

iShares Inflation Hedged High Yield Bond ETF

DGRO

iShares Core Dividend Growth ETF

Return for Risk

HYGI vs. DGRO — Risk / Return Rank

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

DGRO

DGRO Risk / Return Rank: 63
DGRO Sharpe Ratio Rank: 63
DGRO Sortino Ratio Rank: 63
DGRO Omega Ratio Rank: 66
DGRO Calmar Ratio Rank: 56
DGRO Martin Ratio Rank: 65

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.

HYGI vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYGI	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.14	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.73	—

Correlation

The correlation between HYGI and DGRO is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HYGI vs. DGRO - Dividend Comparison

HYGI's dividend yield for the trailing twelve months is around 2.46%, more than DGRO's 2.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYGI iShares Inflation Hedged High Yield Bond ETF	2.46%	3.41%	6.08%	6.22%	3.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Drawdown Indicators

	HYGI	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	—	-35.10%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.10%	—
Current Drawdown Current decline from peak	—	-4.70%	—
Average Drawdown Average peak-to-trough decline	—	-3.48%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.37%	—

Volatility

Volatility by Period

	HYGI	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.47%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.84%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.63%	—