IBDR vs. DGRO
IBDR (iShares iBonds Dec 2026 Term Corporate ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IBDR is a Corporate Bonds fund tracking the Barclays December 2026 Maturity Corporate Index, 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, IBDR returned 1.58%/yr vs 11.00%/yr for DGRO. At a 0.07 correlation, their price movements are largely independent. IBDR charges 0.10%/yr vs 0.08%/yr for DGRO.
Performance
IBDR vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, IBDR achieves a 1.69% return, which is significantly lower than DGRO's 9.19% return.
IBDR
- 1D
- 0.04%
- 1M
- 0.29%
- YTD
- 1.69%
- 6M
- 1.81%
- 1Y
- 4.30%
- 3Y*
- 5.17%
- 5Y*
- 1.58%
- 10Y*
- —
DGRO
- 1D
- 0.32%
- 1M
- 0.80%
- YTD
- 9.19%
- 6M
- 8.52%
- 1Y
- 22.22%
- 3Y*
- 16.92%
- 5Y*
- 11.00%
- 10Y*
- 13.62%
IBDR vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.69% | 4.99% | 4.98% | 5.96% | -8.28% | -1.79% | 8.88% | 14.81% | -2.80% | 5.96% |
DGRO iShares Core Dividend Growth ETF | 9.19% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Correlation
The correlation between IBDR and DGRO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.07 |
The correlation between IBDR and DGRO shifts across timeframes, from 0.07 (all time) to 0.21 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBDR vs. DGRO — Risk / Return Rank
IBDR
DGRO
IBDR vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) 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.
| IBDR | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.48 | ||
| Sortino ratioReturn per unit of downside risk | +10.90 | ||
| Omega ratioGain probability vs. loss probability | 3.36 | 1.42 | +1.94 |
| Calmar ratioReturn relative to maximum drawdown | 52.23 | 3.45 | +48.78 |
| Martin ratioReturn relative to average drawdown | 181.59 | 13.31 | +168.27 |
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Drawdowns
IBDR vs. DGRO - Drawdown Comparison
The maximum IBDR drawdown since its inception was -16.06%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IBDR and DGRO.
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Drawdown Indicators
| IBDR | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | -35.10% | +19.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.08% | -6.47% | +6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -1.08% | -14.03% | +12.95% |
Max Drawdown (5Y)Largest decline over 5 years | -13.13% | -19.31% | +6.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.90% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -3.43% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 1.67% | -1.65% |
Volatility
IBDR vs. DGRO - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) is 0.18%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.63%. This indicates that IBDR 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
| IBDR | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 2.63% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | 6.94% | -6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.63% | 9.53% | -8.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.39% | 13.80% | -10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 16.60% | -11.75% |
IBDR vs. DGRO - Expense Ratio Comparison
IBDR has a 0.10% expense ratio, which is higher than DGRO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBDR vs. DGRO - Dividend Comparison
IBDR's dividend yield for the trailing twelve months is around 4.12%, more than DGRO's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.97% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.12% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% | 0.00% |
Frequently Asked Questions
IBDR and DGRO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (2.63%) compared to IBDR (0.18%). In terms of maximum drawdown, IBDR dropped -16.06% vs DGRO's -35.10%.
On 5-year performance, DGRO leads with 11.00% vs 1.58% for IBDR. On fees, DGRO is cheaper at 0.08% per year. On volatility, IBDR has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DGRO has performed better with a 11.00% return vs 1.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGRO is cheaper with a 0.08% expense ratio, compared with 0.10% for IBDR.
IBDR has the higher dividend yield at 4.12%, compared with 1.97% for DGRO.
IBDR is categorized as Corporate Bonds, while DGRO is Large Cap Growth Equities. IBDR tracks Barclays December 2026 Maturity Corporate Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.10% for IBDR and 0.08% for DGRO.
IBDR currently has the higher Sharpe Ratio (6.83 vs 2.35), 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.
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