HYGI vs. DGRO
HYGI (iShares Inflation Hedged High Yield Bond ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - HYGI is a Inflation-Protected Bonds fund tracking the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. HYGI charges 0.52%/yr vs 0.08%/yr for DGRO.
Performance
HYGI vs. DGRO - Performance Comparison
Loading charts...
Returns By Period
HYGI
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DGRO
- 1D
- -0.28%
- 1M
- 0.97%
- 6M
- 9.59%
- YTD
- 13.39%
- 1Y
- 24.21%
- 3Y*
- 16.30%
- 5Y*
- 11.08%
- 10Y*
- 13.44%
- ALL TIME*
- 12.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $103.52M | $104.25M | $110.17M |
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 | 13.39% | 15.69% | 16.62% | 10.47% | 7.27% |
Correlation
The correlation between HYGI and DGRO is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.60 |
Over the past year, the correlation between HYGI and DGRO has dropped to 0.11 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYGI vs. DGRO — Risk / Return Rank
HYGI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DGRO
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYGI | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.45 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.61 | — |
| Martin ratioReturn relative to average drawdown | — | 14.07 | — |
Loading charts...
Drawdowns
HYGI vs. DGRO - Drawdown Comparison
Loading charts...
Drawdown Indicators
| HYGI | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -35.10% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | — | -1.35% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.41% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.66% | — |
Volatility
HYGI vs. DGRO - Volatility Comparison
Loading charts...
Volatility by Period
| HYGI | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 9.61% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 13.79% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 16.58% | — |
HYGI vs. DGRO - Expense Ratio Comparison
HYGI has a 0.52% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
HYGI vs. DGRO - Dividend Comparison
HYGI has not paid dividends to shareholders, while DGRO's dividend yield for the trailing twelve months is around 1.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.89% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.50% | 3.41% | 6.08% | 6.22% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYGI and DGRO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DGRO is cheaper with a 0.08% expense ratio, compared with 0.52% for HYGI.
DGRO has the higher dividend yield at 1.89%, compared with 0.50% for HYGI.
HYGI is categorized as Inflation-Protected Bonds, while DGRO is Large Cap Growth Equities. HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.52% for HYGI and 0.08% for DGRO.
Find the right allocation for HYGI and DGRO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer