IBII vs. DGRO
IBII (iShares iBonds Oct 2032 Term TIPS ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IBII is a Inflation-Protected Bonds fund tracking the ICE 2032 Maturity US Inflation-Linked 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, IBII returned 5.16% vs 23.20% for DGRO. At a 0.20 correlation, their price movements are largely independent. IBII charges 0.10%/yr vs 0.08%/yr for DGRO.
Performance
IBII vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, IBII achieves a 1.12% return, which is significantly lower than DGRO's 8.79% return.
IBII
- 1D
- -0.50%
- 1M
- -0.90%
- YTD
- 1.12%
- 6M
- 0.82%
- 1Y
- 5.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DGRO
- 1D
- -0.78%
- 1M
- 2.16%
- YTD
- 8.79%
- 6M
- 9.12%
- 1Y
- 23.20%
- 3Y*
- 17.09%
- 5Y*
- 10.54%
- 10Y*
- 13.23%
IBII vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBII iShares iBonds Oct 2032 Term TIPS ETF | 1.12% | 8.65% | 1.21% | 4.85% |
DGRO iShares Core Dividend Growth ETF | 8.79% | 15.69% | 16.62% | 7.77% |
Correlation
The correlation between IBII and DGRO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | 0.20 |
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Return for Risk
IBII vs. DGRO — Risk / Return Rank
IBII
DGRO
IBII vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2032 Term TIPS ETF (IBII) 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.
| IBII | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.44 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.60 | -0.99 |
| Martin ratioReturn relative to average drawdown | 9.07 | 13.91 | -4.84 |
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
| IBII | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.45 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.77 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.76 | +0.32 |
Drawdowns
IBII vs. DGRO - Drawdown Comparison
The maximum IBII drawdown since its inception was -4.65%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IBII and DGRO.
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Drawdown Indicators
| IBII | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.65% | -35.10% | +30.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -6.47% | +4.49% |
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 | -1.14% | -0.78% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -3.44% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 1.67% | -1.10% |
Volatility
IBII vs. DGRO - Volatility Comparison
The current volatility for iShares iBonds Oct 2032 Term TIPS ETF (IBII) is 1.01%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.42%. This indicates that IBII 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
| IBII | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 2.42% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 6.94% | -4.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 9.52% | -6.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.42% | 13.82% | -8.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 16.62% | -11.20% |
IBII vs. DGRO - Expense Ratio Comparison
IBII 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
IBII vs. DGRO - Dividend Comparison
IBII's dividend yield for the trailing twelve months is around 4.07%, more than DGRO's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.96% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
IBII iShares iBonds Oct 2032 Term TIPS ETF | 4.07% | 4.80% | 4.76% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBII and DGRO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (2.42%) compared to IBII (1.01%). In terms of maximum drawdown, IBII dropped -4.65% vs DGRO's -35.10%.
On 1-year performance, DGRO leads with 23.20% vs 5.16% for IBII. On fees, DGRO is cheaper at 0.08% per year. On volatility, IBII has been the lower-risk option at 1.01%. 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 23.20% return vs 5.16%. 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 IBII.
IBII has the higher dividend yield at 4.07%, compared with 1.96% for DGRO.
IBII is categorized as Inflation-Protected Bonds, while DGRO is Large Cap Growth Equities. IBII tracks ICE 2032 Maturity US Inflation-Linked Treasury Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.10% for IBII and 0.08% for DGRO.
DGRO currently has the higher Sharpe Ratio (2.45 vs 1.51), 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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