ICSH vs. DGRO
ICSH (iShares Ultra Short Duration Bond Active ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - ICSH is a Ultrashort Bond fund actively managed by iShares, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. ICSH is actively managed, while DGRO is passively managed. Over the past 10 years, ICSH returned 2.77%/yr vs 13.62%/yr for DGRO. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.08% expense ratio.
Performance
ICSH vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, ICSH achieves a 1.55% return, which is significantly lower than DGRO's 9.19% return. Over the past 10 years, ICSH has underperformed DGRO with an annualized return of 2.77%, while DGRO has yielded a comparatively higher 13.62% annualized return.
ICSH
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 1.55%
- 6M
- 1.72%
- 1Y
- 4.15%
- 3Y*
- 5.11%
- 5Y*
- 3.69%
- 10Y*
- 2.77%
DGRO
- 1D
- 0.32%
- 1M
- 0.80%
- YTD
- 9.19%
- 6M
- 8.52%
- 1Y
- 22.22%
- 3Y*
- 16.92%
- 5Y*
- 11.00%
- 10Y*
- 13.62%
ICSH vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 1.55% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
DGRO iShares Core Dividend Growth ETF | 9.19% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Correlation
The correlation between ICSH and DGRO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.07 |
The correlation between ICSH and DGRO shifts across timeframes, from 0.07 (10 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ICSH vs. DGRO — Risk / Return Rank
ICSH
DGRO
ICSH vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short Duration Bond Active ETF (ICSH) 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.
| ICSH | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.85 | ||
| Sortino ratioReturn per unit of downside risk | +18.96 | ||
| Omega ratioGain probability vs. loss probability | 5.60 | 1.42 | +4.17 |
| Calmar ratioReturn relative to maximum drawdown | 42.20 | 3.45 | +38.75 |
| Martin ratioReturn relative to average drawdown | 238.45 | 13.31 | +225.14 |
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Drawdowns
ICSH vs. DGRO - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for ICSH and DGRO.
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Drawdown Indicators
| ICSH | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -35.10% | +31.16% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -6.47% | +6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -14.03% | +13.93% |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | -19.31% | +18.58% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | -35.10% | +31.16% |
Current DrawdownCurrent decline from peak | -0.05% | -0.90% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -3.43% | +3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 1.67% | -1.65% |
Volatility
ICSH vs. DGRO - Volatility Comparison
The current volatility for iShares Ultra Short Duration Bond Active ETF (ICSH) is 0.16%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.63%. This indicates that ICSH 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
| ICSH | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 2.63% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 0.32% | 6.94% | -6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 9.53% | -9.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.49% | 13.80% | -13.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 16.60% | -15.54% |
ICSH vs. DGRO - Expense Ratio Comparison
Both ICSH and DGRO have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ICSH vs. DGRO - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 4.34%, more than DGRO's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.97% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.34% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Frequently Asked Questions
ICSH and DGRO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (2.63%) compared to ICSH (0.16%). In terms of maximum drawdown, ICSH dropped -3.94% vs DGRO's -35.10%.
On 10-year performance, DGRO leads with 13.62% vs 2.77% for ICSH. Both ETFs have the same 0.08% expense ratio. On volatility, ICSH has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DGRO has performed better with a 13.62% return vs 2.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICSH and DGRO have the same expense ratio: 0.08% per year.
ICSH has the higher dividend yield at 4.34%, compared with 1.97% for DGRO.
ICSH is categorized as Ultrashort Bond, while DGRO is Large Cap Growth Equities.
ICSH currently has the higher Sharpe Ratio (10.20 vs 2.35), 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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