IBGA vs. DGRO
IBGA (iShares iBonds Dec 2044 Term Treasury ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IBGA is a Intermediate Core Bond fund tracking the ICE 2044 Maturity US Treasury Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past year, IBGA returned -1.15% vs 24.21% for DGRO. Their 0.21 correlation means their historical movements had little consistent relationship. IBGA charges 0.07%/yr vs 0.08%/yr for DGRO.
Performance
IBGA vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, IBGA achieves a -2.95% return, which is significantly lower than DGRO's 13.39% return.
IBGA
- 1D
- -0.67%
- 1M
- -3.25%
- 6M
- -3.11%
- YTD
- -2.95%
- 1Y
- -1.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.33%
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 | |
| $314.51K | $271.73K | $362.95K |
IBGA vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | -2.95% | 6.09% | -2.18% |
DGRO iShares Core Dividend Growth ETF | 13.39% | 15.69% | 8.77% |
Correlation
The correlation between IBGA and DGRO is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024 | 0.21 |
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Return for Risk
IBGA vs. DGRO — Risk / Return Rank
IBGA
DGRO
IBGA vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2044 Term Treasury ETF (IBGA) 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.
| IBGA | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.45 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 3.61 | -3.59 |
| Martin ratioReturn relative to average drawdown | 0.05 | 14.07 | -14.02 |
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Drawdowns
IBGA vs. DGRO - Drawdown Comparison
The maximum IBGA drawdown since its inception was -11.69%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IBGA and DGRO.
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Drawdown Indicators
| IBGA | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -35.10% | +23.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -6.47% | -0.13% |
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 | -7.14% | -1.35% | -5.79% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -3.41% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.66% | +1.24% |
Volatility
IBGA vs. DGRO - Volatility Comparison
The current volatility for iShares iBonds Dec 2044 Term Treasury ETF (IBGA) is 2.09%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.21%. This indicates that IBGA 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
| IBGA | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 3.21% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | 7.12% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 9.61% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.74% | 13.79% | -4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.74% | 16.58% | -6.84% |
IBGA vs. DGRO - Expense Ratio Comparison
IBGA has a 0.07% expense ratio, which is lower than DGRO's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBGA vs. DGRO - Dividend Comparison
IBGA's dividend yield for the trailing twelve months is around 4.80%, more than DGRO's 1.89% yield.
| 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% |
IBGA iShares iBonds Dec 2044 Term Treasury ETF | 4.39% | 4.49% | 2.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBGA and DGRO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (3.21%) compared to IBGA (2.09%). In terms of maximum drawdown, IBGA dropped -11.69% vs DGRO's -35.10%.
On 1-year performance, DGRO leads with 24.21% vs -1.15% for IBGA. On fees, IBGA is cheaper at 0.07% per year. On volatility, IBGA has been the lower-risk option at 2.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DGRO has performed better with a 24.21% return vs -1.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGA is cheaper with a 0.07% expense ratio, compared with 0.08% for DGRO.
IBGA has the higher dividend yield at 4.39%, compared with 1.89% for DGRO.
IBGA is categorized as Intermediate Core Bond, while DGRO is Large Cap Growth Equities. IBGA tracks ICE 2044 Maturity US Treasury Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.07% for IBGA and 0.08% for DGRO.
DGRO currently has the higher Sharpe Ratio (2.44 vs 0.02), 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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