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IGRO vs. DGRO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IGRO vs. DGRO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares International Dividend Growth ETF (IGRO) and iShares Core Dividend Growth ETF (DGRO).

IGRO and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGRO is a passively managed fund by iShares that tracks the performance of the Morningstar Global ex-US Dividend Growth Index. It was launched on May 17, 2016. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both IGRO and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IGRO vs. DGRO - Performance Comparison

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

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IGRO vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGRO
iShares International Dividend Growth ETF		2.71%25.03%7.78%15.38%-12.72%9.94%7.71%26.13%-14.86%24.64%
DGRO
iShares Core Dividend Growth ETF		1.60%15.69%16.62%10.47%-7.91%26.64%9.50%29.87%-2.38%23.00%

Returns By Period

In the year-to-date period, IGRO achieves a 2.71% return, which is significantly higher than DGRO's 1.60% return.

IGRO

1D
1.12%
1M
-4.08%
YTD
2.71%
6M
6.64%
1Y
19.89%
3Y*
14.77%
5Y*
7.97%
10Y*
—

DGRO

1D
0.03%
1M
-4.46%
YTD
1.60%
6M
3.88%
1Y
16.44%
3Y*
14.60%
5Y*
10.14%
10Y*
12.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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iShares International Dividend Growth ETF

iShares Core Dividend Growth ETF

Often compared with IGRO:
IGRO vs. VIGIIGRO vs. SCHYIGRO vs. IDVIGRO vs. IHDGIGRO vs. FIDIGRO vs. FDEMIGRO vs. DGRE
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

IGRO vs. DGRO - Expense Ratio Comparison

IGRO has a 0.22% 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%.

IGRO
iShares International Dividend Growth ETF
DGRO
iShares Core Dividend Growth ETF

Return for Risk

IGRO vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGRO
IGRO Risk / Return Rank: 7373
Overall Rank
IGRO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IGRO Sortino Ratio Rank: 7373
Sortino Ratio Rank
IGRO Omega Ratio Rank: 7272
Omega Ratio Rank
IGRO Calmar Ratio Rank: 7474
Calmar Ratio Rank
IGRO Martin Ratio Rank: 7171
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 6363
Overall Rank
DGRO Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 6363
Sortino Ratio Rank
DGRO Omega Ratio Rank: 6666
Omega Ratio Rank
DGRO Calmar Ratio Rank: 5656
Calmar Ratio Rank
DGRO Martin Ratio Rank: 6565
Martin Ratio Rank
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.

IGRO vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Dividend Growth ETF (IGRO) 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.

IGRODGRODifference

Sharpe ratio

Return per unit of total volatility

1.39

1.14

+0.24

Sortino ratio

Return per unit of downside risk

1.90

1.66

+0.24

Omega ratio

Gain probability vs. loss probability

1.28

1.25

+0.03

Calmar ratio

Return relative to maximum drawdown

2.00

1.48

+0.53

Martin ratio

Return relative to average drawdown

7.68

6.80

+0.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGRO vs. DGRO - Sharpe Ratio Comparison

The current IGRO Sharpe Ratio is 1.39, which is comparable to the DGRO Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of IGRO and DGRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

IGRODGRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.39

1.14

+0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.74

-0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.77

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.73

-0.21

Correlation

The correlation between IGRO and DGRO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IGRO vs. DGRO - Dividend Comparison

IGRO's dividend yield for the trailing twelve months is around 2.48%, more than DGRO's 2.10% yield.

TTM20252024202320222021202020192018201720162015
IGRO
iShares International Dividend Growth ETF		2.48%2.51%2.44%2.79%2.69%2.27%2.41%2.65%2.97%2.43%1.18%0.00%
DGRO
iShares Core Dividend Growth ETF		2.10%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%

Drawdowns

IGRO vs. DGRO - Drawdown Comparison

The maximum IGRO drawdown since its inception was -36.25%, roughly equal to the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IGRO and DGRO.

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Drawdown Indicators

IGRODGRODifference

Max Drawdown

Largest peak-to-trough decline

-36.25%

-35.10%

-1.15%

Max Drawdown (1Y)

Largest decline over 1 year

-10.00%

-10.92%

+0.92%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

-19.31%

-6.73%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.10%

—

Current Drawdown

Current decline from peak

-5.69%

-4.70%

-0.99%

Average Drawdown

Average peak-to-trough decline

-5.74%

-3.48%

-2.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.61%

2.37%

+0.24%

Volatility

IGRO vs. DGRO - Volatility Comparison

iShares International Dividend Growth ETF (IGRO) has a higher volatility of 6.28% compared to iShares Core Dividend Growth ETF (DGRO) at 3.57%. This indicates that IGRO'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

IGRODGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.28%

3.57%

+2.71%

Volatility (6M)

Calculated over the trailing 6-month period

9.48%

7.21%

+2.27%

Volatility (1Y)

Calculated over the trailing 1-year period

14.41%

14.47%

-0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.83%

13.84%

-0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.89%

16.63%

+0.26%