IBHM vs. DGRO

Last updated Jun 5, 2026

IBHM (iShares iBonds 2033 Term High Yield and Income ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IBHM is a High Yield Bonds fund tracking the Bloomberg 2033 Term High Yield and Income Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. IBHM charges 0.35%/yr vs 0.08%/yr for DGRO.

Performance

IBHM vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2033 Term High Yield and Income ETF (IBHM) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHM

• 1D: 0.18%
• 1M: 0.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

IBHM vs. DGRO - Yearly Performance Comparison

	2026 (YTD)
IBHM iShares iBonds 2033 Term High Yield and Income ETF	2.83%
DGRO iShares Core Dividend Growth ETF	8.80%

Correlation

The correlation between IBHM and DGRO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 27, 2026	0.59

Return for Risk

IBHM vs. DGRO — Risk / Return Rank

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

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.

IBHM vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2033 Term High Yield and Income ETF (IBHM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBHM	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.53	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.97	0.77	+2.20

Drawdowns

IBHM vs. DGRO - Drawdown Comparison

The maximum IBHM drawdown since its inception was -1.67%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IBHM and DGRO.

Drawdown Indicators

	IBHM	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-1.67%	-35.10%	+33.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.47%	—
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 Drawdown Current decline from peak	-0.30%	0.00%	-0.30%
Average Drawdown Average peak-to-trough decline	-0.43%	-3.44%	+3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.67%	—

Volatility

Volatility by Period

	IBHM	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.37%	9.49%	-4.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.37%	13.82%	-8.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.37%	16.62%	-11.25%

IBHM vs. DGRO - Expense Ratio Comparison

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

Dividends

IBHM vs. DGRO - Dividend Comparison

IBHM's dividend yield for the trailing twelve months is around 1.08%, less 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%
IBHM iShares iBonds 2033 Term High Yield and Income ETF	1.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBHM and DGRO in my portfolio?

IBHM and DGRO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBHM or DGRO?

On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHM or DGRO?

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

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

DGRO has the higher dividend yield at 1.94%, compared with 1.08% for IBHM.

What is the main difference between IBHM and DGRO?

IBHM is categorized as High Yield Bonds, while DGRO is Large Cap Growth Equities. IBHM tracks Bloomberg 2033 Term High Yield and Income Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.35% for IBHM and 0.08% for DGRO.