IDEF vs. DGRO

Last updated Aug 2, 2026

IDEF (iShares Defense Industrials Active ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IDEF is a Aerospace & Defense fund actively managed by iShares, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. IDEF is actively managed, while DGRO is passively managed. Over the past year, IDEF returned 13.32% vs 24.21% for DGRO. Their 0.45 correlation means their historical movements had little consistent relationship. IDEF charges 0.55%/yr vs 0.08%/yr for DGRO.

Performance

IDEF vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Defense Industrials Active ETF (IDEF) 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, IDEF achieves a 5.28% return, which is significantly lower than DGRO's 13.39% return.

IDEF

• 1D: 0.33%
• 1M: -1.85%
• 6M: -6.23%
• YTD: 5.28%
• 1Y: 13.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.90%

DGRO

• 1D: -0.28%
• 1M: 0.97%
• 6M: 9.59%
• YTD: 13.39%
• 1Y: 24.21%
• 3Y*: 16.30%
• 5Y*: 11.08%
• 10Y*: 13.44%
• ALL TIME*: 12.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRO iShares Core Dividend Growth ETF	$103.52M	$104.25M	$110.17M
IDEF iShares Defense Industrials Active ETF	$16.78M	$18.59M	$29.23M

IDEF vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025
IDEF iShares Defense Industrials Active ETF	5.28%	21.50%
DGRO iShares Core Dividend Growth ETF	13.39%	12.67%

Correlation

The correlation between IDEF and DGRO is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (All Time) Calculated using the full available price history since May 21, 2025	0.45

IDEF vs. DGRO - Sectors Allocation Comparison

Sectors	IDEF	DGRO
Industrials	84.4%	11.3%
Technology	12.9%	17.3%
Energy	0.9%	4.8%
Basic Materials	0.7%	2.5%
Utilities	0.3%	7.3%
Communication Services	0.1%	0.1%
Financial Services	0.1%	20.4%
Consumer Cyclical	-	6.5%
Consumer Defensive	-	11.9%
Healthcare	-	17.9%
Real Estate	-	-

Return for Risk

IDEF vs. DGRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IDEF

IDEF Risk / Return Rank: 24
IDEF Sharpe Ratio Rank: 25
IDEF Sortino Ratio Rank: 25
IDEF Omega Ratio Rank: 23
IDEF Calmar Ratio Rank: 26
IDEF Martin Ratio Rank: 23

DGRO

DGRO Risk / Return Rank: 91
DGRO Sharpe Ratio Rank: 93
DGRO Sortino Ratio Rank: 93
DGRO Omega Ratio Rank: 92
DGRO Calmar Ratio Rank: 88
DGRO Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IDEF vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Defense Industrials Active ETF (IDEF) 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.

	IDEF	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	0.56	2.44	-1.88
Sortino ratio: Return per unit of downside risk	0.95	3.55	-2.61
Omega ratio: Gain probability vs. loss probability	1.11	1.45	-0.34
Calmar ratio: Return relative to maximum drawdown	0.80	3.61	-2.80
Martin ratio: Return relative to average drawdown	1.65	14.07	-12.42

IDEF vs. DGRO - Sharpe Ratio Comparison

The current IDEF Sharpe Ratio is 0.56, which is lower than the DGRO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of IDEF 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

IDEF vs. DGRO - Drawdown Comparison

The maximum IDEF drawdown since its inception was -15.78%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IDEF and DGRO.

Drawdown Indicators

	IDEF	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-15.78%	-35.10%	+19.32%
Max Drawdown (1Y) Largest decline over 1 year	-15.78%	-6.47%	-9.31%
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	-11.86%	-1.35%	-10.51%
Average Drawdown Average peak-to-trough decline	-5.11%	-3.41%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.67%	1.66%	+6.01%

Volatility

IDEF vs. DGRO - Volatility Comparison

iShares Defense Industrials Active ETF (IDEF) has a higher volatility of 7.10% compared to iShares Core Dividend Growth ETF (DGRO) at 3.21%. This indicates that IDEF's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDEF	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.10%	3.21%	+3.89%
Volatility (6M) Calculated over the trailing 6-month period	18.86%	7.12%	+11.74%
Volatility (1Y) Calculated over the trailing 1-year period	22.81%	9.61%	+13.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	13.79%	+7.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	16.58%	+5.07%

IDEF vs. DGRO - Expense Ratio Comparison

IDEF has a 0.55% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

IDEF vs. DGRO - Dividend Comparison

IDEF's dividend yield for the trailing twelve months is around 0.33%, less than DGRO's 1.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.89%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
IDEF iShares Defense Industrials Active ETF	0.33%	0.17%	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 IDEF and DGRO in my portfolio?

IDEF and DGRO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDEF or DGRO?

IDEF has higher volatility (7.10%) compared to DGRO (3.21%). In terms of maximum drawdown, IDEF dropped -15.78% vs DGRO's -35.10%.

Which ETF is better, IDEF or DGRO?

On 1-year performance, DGRO leads with 24.21% vs 13.32% for IDEF. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDEF or DGRO?

Over the 1-year period, DGRO has performed better with a 24.21% return vs 13.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDEF or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.55% for IDEF.

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

DGRO has the higher dividend yield at 1.89%, compared with 0.33% for IDEF.

What is the main difference between IDEF and DGRO?

IDEF is categorized as Aerospace & Defense, while DGRO is Large Cap Growth Equities. Their fees differ too: 0.55% for IDEF and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.44 vs 0.56), 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.