IBHE vs. DGRO
Compare and contrast key facts about iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and iShares Core Dividend Growth ETF (DGRO).
IBHE and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHE is a passively managed fund by iShares that tracks the performance of the Bloomberg 2025 Term High Yield and Income Index. It was launched on May 7, 2019. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both IBHE and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IBHE vs. DGRO - Performance Comparison
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IBHE vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -4.08% | 4.40% | 4.16% | 5.91% |
DGRO iShares Core Dividend Growth ETF | 1.60% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 14.84% |
Returns By Period
IBHE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.83%
- 1Y
- 3.24%
- 3Y*
- 6.40%
- 5Y*
- 4.09%
- 10Y*
- —
DGRO
- 1D
- 0.03%
- 1M
- -4.46%
- YTD
- 1.60%
- 6M
- 3.88%
- 1Y
- 16.44%
- 3Y*
- 14.60%
- 5Y*
- 10.14%
- 10Y*
- 12.81%
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IBHE vs. DGRO - Expense Ratio Comparison
IBHE has a 0.35% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Return for Risk
IBHE vs. DGRO — Risk / Return Rank
IBHE
DGRO
IBHE vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) 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.
| IBHE | DGRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.90 | 1.14 | +1.76 |
Sortino ratioReturn per unit of downside risk | 4.09 | 1.66 | +2.43 |
Omega ratioGain probability vs. loss probability | 1.96 | 1.25 | +0.71 |
Calmar ratioReturn relative to maximum drawdown | 5.38 | 1.48 | +3.90 |
Martin ratioReturn relative to average drawdown | 49.80 | 6.80 | +43.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBHE | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.90 | 1.14 | +1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.74 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.73 | -0.32 |
Correlation
The correlation between IBHE and DGRO is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IBHE vs. DGRO - Dividend Comparison
IBHE's dividend yield for the trailing twelve months is around 3.14%, more than DGRO's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 3.14% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% | 0.00% | 0.00% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.10% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
Drawdowns
IBHE vs. DGRO - Drawdown Comparison
The maximum IBHE drawdown since its inception was -26.91%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IBHE and DGRO.
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Drawdown Indicators
| IBHE | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.91% | -35.10% | +8.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -10.92% | +10.23% |
Max Drawdown (5Y)Largest decline over 5 years | -8.51% | -19.31% | +10.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.70% | +4.70% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -3.48% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 2.37% | -2.29% |
Volatility
IBHE vs. DGRO - Volatility Comparison
The current volatility for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) is 0.00%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.57%. This indicates that IBHE 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
| IBHE | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.57% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 0.49% | 7.21% | -6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.33% | 14.47% | -13.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 13.84% | -8.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.67% | 16.63% | -4.96% |