IBDX vs. DGRO
IBDX (iShares iBonds Dec 2032 Term Corporate ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IBDX is a Corporate Bonds fund tracking the Bloomberg December 2032 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 3 years, IBDX returned 5.70%/yr vs 16.80%/yr for DGRO. At a 0.33 correlation, their price movements are largely independent. IBDX charges 0.10%/yr vs 0.08%/yr for DGRO.
Performance
IBDX vs. DGRO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBDX achieves a 0.12% return, which is significantly lower than DGRO's 8.84% return.
IBDX
- 1D
- -0.14%
- 1M
- 0.32%
- YTD
- 0.12%
- 6M
- 0.36%
- 1Y
- 5.05%
- 3Y*
- 5.70%
- 5Y*
- —
- 10Y*
- —
DGRO
- 1D
- 0.08%
- 1M
- 0.48%
- YTD
- 8.84%
- 6M
- 8.25%
- 1Y
- 22.81%
- 3Y*
- 16.80%
- 5Y*
- 11.08%
- 10Y*
- 13.58%
IBDX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 0.12% | 9.05% | 2.39% | 9.42% | -1.92% |
DGRO iShares Core Dividend Growth ETF | 8.84% | 15.69% | 16.62% | 10.47% | 6.17% |
Correlation
The correlation between IBDX and DGRO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.33 |
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
IBDX vs. DGRO — Risk / Return Rank
IBDX
DGRO
IBDX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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.
| IBDX | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.54 | -1.71 |
| Martin ratioReturn relative to average drawdown | 5.60 | 13.67 | -8.07 |
Loading charts...
Drawdowns
IBDX vs. DGRO - Drawdown Comparison
The maximum IBDX drawdown since its inception was -12.51%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IBDX and DGRO.
Loading charts...
Drawdown Indicators
| IBDX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.51% | -35.10% | +22.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -6.47% | +3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -14.03% | +6.94% |
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 | -1.47% | -1.21% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -3.43% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.67% | -0.77% |
Volatility
IBDX vs. DGRO - Volatility Comparison
The current volatility for iShares iBonds Dec 2032 Term Corporate ETF (IBDX) is 1.24%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.64%. This indicates that IBDX 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.
Loading charts...
Volatility by Period
| IBDX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 2.64% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 6.94% | -4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 9.55% | -5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 13.80% | -6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.43% | 16.63% | -9.20% |
IBDX vs. DGRO - Expense Ratio Comparison
IBDX 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
IBDX vs. DGRO - Dividend Comparison
IBDX's dividend yield for the trailing twelve months is around 4.83%, 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% |
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 4.83% | 4.81% | 5.02% | 4.59% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBDX and DGRO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (2.64%) compared to IBDX (1.24%). In terms of maximum drawdown, IBDX dropped -12.51% vs DGRO's -35.10%.
On 3-year performance, DGRO leads with 16.80% vs 5.70% for IBDX. On fees, DGRO is cheaper at 0.08% per year. On volatility, IBDX has been the lower-risk option at 1.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DGRO has performed better with a 16.80% return vs 5.70%. 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 IBDX.
IBDX has the higher dividend yield at 4.83%, compared with 1.97% for DGRO.
IBDX is categorized as Corporate Bonds, while DGRO is Large Cap Growth Equities. IBDX tracks Bloomberg December 2032 Maturity Corporate Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.10% for IBDX and 0.08% for DGRO.
DGRO currently has the higher Sharpe Ratio (2.40 vs 1.32), 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.
Find the right allocation for IBDX 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