IBIJ vs. DGRO

Last updated Jun 30, 2026

IBIJ (iShares iBonds Oct 2033 Term TIPS ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IBIJ is a Inflation-Protected Bonds fund managed by iShares, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past year, IBIJ returned 4.51% vs 21.90% for DGRO. At a 0.20 correlation, their price movements are largely independent. IBIJ charges 0.10%/yr vs 0.08%/yr for DGRO.

Performance

IBIJ vs. DGRO - Performance Comparison

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

Returns By Period

In the year-to-date period, IBIJ achieves a 1.61% return, which is significantly lower than DGRO's 10.40% return.

IBIJ

• 1D: 0.09%
• 1M: -0.33%
• YTD: 1.61%
• 6M: 1.33%
• 1Y: 4.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DGRO

• 1D: 0.20%
• 1M: 1.82%
• YTD: 10.40%
• 6M: 9.41%
• 1Y: 21.90%
• 3Y*: 16.43%
• 5Y*: 11.06%
• 10Y*: 13.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBIJ vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBIJ iShares iBonds Oct 2033 Term TIPS ETF	1.61%	8.59%	0.69%	4.98%
DGRO iShares Core Dividend Growth ETF	10.40%	15.69%	16.62%	6.37%

Correlation

The correlation between IBIJ and DGRO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023	0.20

Return for Risk

IBIJ vs. DGRO — Risk / Return Rank

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

IBIJ

IBIJ Risk / Return Rank: 38
IBIJ Sharpe Ratio Rank: 35
IBIJ Sortino Ratio Rank: 35
IBIJ Omega Ratio Rank: 32
IBIJ Calmar Ratio Rank: 44
IBIJ Martin Ratio Rank: 44

DGRO

DGRO Risk / Return Rank: 82
DGRO Sharpe Ratio Rank: 85
DGRO Sortino Ratio Rank: 87
DGRO Omega Ratio Rank: 83
DGRO Calmar Ratio Rank: 77
DGRO Martin Ratio Rank: 80

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.

IBIJ vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2033 Term TIPS ETF (IBIJ) 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.

	IBIJ	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.14	2.32	-1.18
Sortino ratio: Return per unit of downside risk	1.70	3.38	-1.68
Omega ratio: Gain probability vs. loss probability	1.20	1.42	-0.22
Calmar ratio: Return relative to maximum drawdown	1.95	3.40	-1.45
Martin ratio: Return relative to average drawdown	6.23	13.11	-6.88

IBIJ vs. DGRO - Sharpe Ratio Comparison

The current IBIJ Sharpe Ratio is 1.14, which is lower than the DGRO Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of IBIJ and DGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBIJ vs. DGRO - Drawdown Comparison

The maximum IBIJ drawdown since its inception was -5.27%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IBIJ and DGRO.

Drawdown Indicators

	IBIJ	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-5.27%	-35.10%	+29.83%
Max Drawdown (1Y) Largest decline over 1 year	-2.32%	-6.47%	+4.15%
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	-0.61%	0.00%	-0.61%
Average Drawdown Average peak-to-trough decline	-1.29%	-3.43%	+2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	1.67%	-0.95%

Volatility

IBIJ vs. DGRO - Volatility Comparison

The current volatility for iShares iBonds Oct 2033 Term TIPS ETF (IBIJ) is 1.51%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.48%. This indicates that IBIJ 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.

Volatility by Period

	IBIJ	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	2.48%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	6.92%	-4.03%
Volatility (1Y) Calculated over the trailing 1-year period	3.97%	9.48%	-5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.87%	13.79%	-7.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.87%	16.57%	-10.70%

IBIJ vs. DGRO - Expense Ratio Comparison

IBIJ 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

IBIJ vs. DGRO - Dividend Comparison

IBIJ's dividend yield for the trailing twelve months is around 3.93%, more than DGRO's 1.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.95%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
IBIJ iShares iBonds Oct 2033 Term TIPS ETF	3.93%	4.66%	4.42%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBIJ and DGRO in my portfolio?

IBIJ and DGRO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBIJ or DGRO?

DGRO has higher volatility (2.48%) compared to IBIJ (1.51%). In terms of maximum drawdown, IBIJ dropped -5.27% vs DGRO's -35.10%.

Which ETF is better, IBIJ or DGRO?

On 1-year performance, DGRO leads with 21.90% vs 4.51% for IBIJ. On fees, DGRO is cheaper at 0.08% per year. On volatility, IBIJ has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIJ or DGRO?

Over the 1-year period, DGRO has performed better with a 21.90% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIJ or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.10% for IBIJ.

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

IBIJ has the higher dividend yield at 3.93%, compared with 1.95% for DGRO.

What is the main difference between IBIJ and DGRO?

IBIJ is categorized as Inflation-Protected Bonds, while DGRO is Large Cap Growth Equities. Their fees differ too: 0.10% for IBIJ and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.32 vs 1.14), 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.