HYXF vs. DGRO

Last updated Jun 5, 2026

HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 5 years, HYXF returned 3.68%/yr vs 10.72%/yr for DGRO. A 0.55 correlation means they provide meaningful diversification when combined. HYXF charges 0.35%/yr vs 0.08%/yr for DGRO.

Performance

HYXF vs. DGRO - Performance Comparison

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

Returns By Period

In the year-to-date period, HYXF achieves a 1.01% return, which is significantly lower than DGRO's 9.64% return.

HYXF

• 1D: 0.10%
• 1M: 0.28%
• YTD: 1.01%
• 6M: 1.57%
• 1Y: 5.76%
• 3Y*: 8.71%
• 5Y*: 3.68%
• 10Y*: —

DGRO

• 1D: 0.81%
• 1M: 3.27%
• YTD: 9.64%
• 6M: 9.87%
• 1Y: 23.89%
• 3Y*: 17.46%
• 5Y*: 10.72%
• 10Y*: 13.34%

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

HYXF vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HYXF iShares ESG Advanced High Yield Corporate Bond ETF	1.01%	8.88%	8.35%	11.87%	-11.90%	2.60%	6.07%	14.87%	-0.24%	6.89%
DGRO iShares Core Dividend Growth ETF	9.64%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Correlation

The correlation between HYXF and DGRO is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jun 20, 2016	0.55

The correlation between HYXF and DGRO has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.

HYXF vs. DGRO - Sectors Allocation Comparison

Sectors	HYXF	DGRO
Communication Services	100.0%	0.1%
Basic Materials	-	2.5%
Consumer Cyclical	-	5.7%
Consumer Defensive	-	11.5%
Energy	-	5.6%
Financial Services	-	21.2%
Healthcare	-	16.4%
Industrials	-	10.8%
Real Estate	-	-
Technology	-	19.4%
Utilities	-	6.9%

Return for Risk

HYXF vs. DGRO — Risk / Return Rank

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

HYXF

HYXF Risk / Return Rank: 49
HYXF Sharpe Ratio Rank: 44
HYXF Sortino Ratio Rank: 48
HYXF Omega Ratio Rank: 46
HYXF Calmar Ratio Rank: 46
HYXF Martin Ratio Rank: 58

DGRO

DGRO Risk / Return Rank: 78
DGRO Sharpe Ratio Rank: 79
DGRO Sortino Ratio Rank: 83
DGRO Omega Ratio Rank: 78
DGRO Calmar Ratio Rank: 75
DGRO Martin Ratio Rank: 76

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.

HYXF vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) 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.

	HYXF	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.53	-0.99
Sortino ratio: Return per unit of downside risk	2.32	3.68	-1.36
Omega ratio: Gain probability vs. loss probability	1.29	1.46	-0.17
Calmar ratio: Return relative to maximum drawdown	2.25	3.71	-1.46
Martin ratio: Return relative to average drawdown	10.15	14.33	-4.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYXF vs. DGRO - Sharpe Ratio Comparison

The current HYXF Sharpe Ratio is 1.54, which is lower than the DGRO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of HYXF 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.

Sharpe Ratios by Period

	HYXF	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	2.53	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.78	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.77	-0.15

Drawdowns

HYXF vs. DGRO - Drawdown Comparison

The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for HYXF and DGRO.

Drawdown Indicators

	HYXF	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-18.75%	-35.10%	+16.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-6.47%	+3.90%
Max Drawdown (3Y) Largest decline over 3 years	-4.81%	-14.03%	+9.22%
Max Drawdown (5Y) Largest decline over 5 years	-16.00%	-19.31%	+3.31%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.10%	—
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-2.58%	-3.44%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	1.67%	-1.10%

Volatility

HYXF vs. DGRO - Volatility Comparison

The current volatility for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) is 1.15%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.24%. This indicates that HYXF 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.

Volatility by Period

	HYXF	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	2.24%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	2.92%	6.94%	-4.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.77%	9.49%	-5.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.04%	13.82%	-5.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.32%	16.62%	-8.30%

HYXF vs. DGRO - Expense Ratio Comparison

HYXF has a 0.35% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

HYXF vs. DGRO - Dividend Comparison

HYXF's dividend yield for the trailing twelve months is around 6.09%, more than DGRO's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.94%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
HYXF iShares ESG Advanced High Yield Corporate Bond ETF	6.09%	6.19%	6.40%	5.93%	5.37%	4.56%	4.96%	5.29%	6.14%	5.85%	3.16%	0.00%

Frequently Asked Questions

Can I hold both HYXF and DGRO in my portfolio?

HYXF and DGRO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYXF or DGRO?

DGRO has higher volatility (2.24%) compared to HYXF (1.15%). In terms of maximum drawdown, HYXF dropped -18.75% vs DGRO's -35.10%.

Which ETF is better, HYXF or DGRO?

On 5-year performance, DGRO leads with 10.72% vs 3.68% for HYXF. On fees, DGRO is cheaper at 0.08% per year. On volatility, HYXF has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYXF or DGRO?

Over the 5-year period, DGRO has performed better with a 10.72% return vs 3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYXF or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.35% for HYXF.

Which ETF pays a higher dividend yield, HYXF or DGRO?

HYXF has the higher dividend yield at 6.09%, compared with 1.94% for DGRO.

What is the main difference between HYXF and DGRO?

HYXF is categorized as High Yield Bonds, while DGRO is Large Cap Growth Equities. HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.35% for HYXF and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.53 vs 1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.