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IFRA vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IFRA vs. DGRO

Last updated Aug 2, 2026
Documentation

IFRA (iShares U.S. Infrastructure ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IFRA is a Infrastructure Equities fund tracking the NYSE FactSet U.S. Infrastructure Index (TR), while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 5 years, IFRA returned 13.28%/yr vs 11.08%/yr for DGRO. Their correlation of 0.80 means they have usually moved in the same direction. IFRA charges 0.30%/yr vs 0.08%/yr for DGRO.

Performance

IFRA vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Infrastructure ETF (IFRA) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IFRA achieves a 16.00% return, which is significantly higher than DGRO's 13.39% return.

IFRA

1D
0.00%
1M
-2.67%
6M
8.92%
YTD
16.00%
1Y
23.20%
3Y*
16.79%
5Y*
13.28%
10Y*
—
ALL TIME*
13.22%

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

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DGRO

iShares Core Dividend Growth ETF
$103.52M$104.25M$110.17M

IFRA

iShares U.S. Infrastructure ETF
$20.72M$20.65M$23.36M

IFRA vs. DGRO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IFRA
iShares U.S. Infrastructure ETF		16.00%15.90%17.02%13.42%-3.32%29.81%7.37%27.00%-7.97%
DGRO
iShares Core Dividend Growth ETF		13.39%15.69%16.62%10.47%-7.91%26.64%9.50%29.87%-0.72%

Correlation

The correlation between IFRA and DGRO is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.69

Correlation (3Y)
Balances recent behavior with more history.

0.79

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.82

Correlation (All Time)
Calculated using the full available price history since Apr 5, 2018

0.80

The correlation between IFRA and DGRO shifts across timeframes, from 0.69 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

IFRA vs. DGRO - Sectors Allocation Comparison

Sectors
IFRA
DGRO

Utilities

37.8%
7.3%

Industrials

36.9%
11.3%

Basic Materials

17.1%
2.5%

Energy

7.9%
4.8%

Consumer Cyclical

0.0%
6.5%

Consumer Defensive

0.0%
11.9%

Communication Services

-

0.1%

Financial Services

-

20.4%

Healthcare

-

17.9%

Real Estate

-

-

Technology

-

17.3%

Utilities

IFRA
37.8%
DGRO
7.3%

Industrials

IFRA
36.9%
DGRO
11.3%

Basic Materials

IFRA
17.1%
DGRO
2.5%

Energy

IFRA
7.9%
DGRO
4.8%

Consumer Cyclical

IFRA
0.0%
DGRO
6.5%

Consumer Defensive

IFRA
0.0%
DGRO
11.9%

Communication Services

IFRA

-

DGRO
0.1%

Financial Services

IFRA

-

DGRO
20.4%

Healthcare

IFRA

-

DGRO
17.9%

Real Estate

IFRA

-

DGRO

-

Technology

IFRA

-

DGRO
17.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Infrastructure ETF

iShares Core Dividend Growth ETF

Often compared with IFRA:
IFRA vs. PAVEIFRA vs. IGFIFRA vs. NFRAIFRA vs. GIIIFRA vs. VOOIFRA vs. FNDAIFRA vs. IYH
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

IFRA vs. DGRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IFRA
IFRA Risk / Return Rank: 6565
Overall Rank
IFRA Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
IFRA Sortino Ratio Rank: 6565
Sortino Ratio Rank
IFRA Omega Ratio Rank: 5555
Omega Ratio Rank
IFRA Calmar Ratio Rank: 7575
Calmar Ratio Rank
IFRA Martin Ratio Rank: 7070
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 9191
Overall Rank
DGRO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 9393
Sortino Ratio Rank
DGRO Omega Ratio Rank: 9292
Omega Ratio Rank
DGRO Calmar Ratio Rank: 8888
Calmar Ratio Rank
DGRO Martin Ratio Rank: 9090
Martin Ratio Rank
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.

IFRA vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Infrastructure ETF (IFRA) 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.

IFRADGRODifference
Sharpe ratioReturn per unit of total volatility
1.43
2.44

-1.01

Sortino ratioReturn per unit of downside risk
2.14
3.55

-1.41

Omega ratioGain probability vs. loss probability

1.24

1.45

-0.21

Calmar ratioReturn relative to maximum drawdown

2.61

3.61

-1.00

Martin ratioReturn relative to average drawdown

8.59

14.07

-5.48

IFRA vs. DGRO - Sharpe Ratio Comparison

The current IFRA Sharpe Ratio is 1.43, which is lower than the DGRO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of IFRA 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.

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Drawdowns

IFRA vs. DGRO - Drawdown Comparison

The maximum IFRA drawdown since its inception was -41.06%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IFRA and DGRO.

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Drawdown Indicators

IFRADGRODifference

Max Drawdown

Largest peak-to-trough decline

-41.06%

-35.10%

-5.96%

Max Drawdown (1Y)

Largest decline over 1 year

-8.40%

-6.47%

-1.93%

Max Drawdown (3Y)

Largest decline over 3 years

-19.93%

-14.03%

-5.90%

Max Drawdown (5Y)

Largest decline over 5 years

-19.93%

-19.31%

-0.62%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.10%

—

Current Drawdown

Current decline from peak

-5.46%

-1.35%

-4.11%

Average Drawdown

Average peak-to-trough decline

-5.09%

-3.41%

-1.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.55%

1.66%

+0.89%

Volatility

IFRA vs. DGRO - Volatility Comparison

iShares U.S. Infrastructure ETF (IFRA) has a higher volatility of 4.01% compared to iShares Core Dividend Growth ETF (DGRO) at 3.21%. This indicates that IFRA'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.

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Volatility by Period

IFRADGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.01%

3.21%

+0.80%

Volatility (6M)

Calculated over the trailing 6-month period

12.02%

7.12%

+4.90%

Volatility (1Y)

Calculated over the trailing 1-year period

15.40%

9.61%

+5.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.87%

13.79%

+4.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.29%

16.58%

+4.71%

IFRA vs. DGRO - Expense Ratio Comparison

IFRA has a 0.30% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

IFRA vs. DGRO - Dividend Comparison

IFRA's dividend yield for the trailing twelve months is around 1.61%, less than DGRO's 1.89% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IFRA
iShares U.S. Infrastructure ETF		1.61%1.84%1.75%1.98%1.98%1.63%2.08%1.68%2.50%0.00%0.00%0.00%

Frequently Asked Questions

IFRA and DGRO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IFRA has higher volatility (4.01%) compared to DGRO (3.21%). In terms of maximum drawdown, IFRA dropped -41.06% vs DGRO's -35.10%.

On 5-year performance, IFRA leads with 13.28% vs 11.08% for DGRO. 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.

Over the 5-year period, IFRA has performed better with a 13.28% return vs 11.08%. 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 0.30% for IFRA.

DGRO has the higher dividend yield at 1.89%, compared with 1.61% for IFRA.

IFRA is categorized as Infrastructure Equities, while DGRO is Large Cap Growth Equities. IFRA tracks NYSE FactSet U.S. Infrastructure Index (TR), while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.30% for IFRA and 0.08% for DGRO.

DGRO currently has the higher Sharpe Ratio (2.44 vs 1.43), 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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