IGRO vs. IFLO

Last updated Jul 17, 2026

IGRO (iShares International Dividend Growth ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, IGRO returned 19.62% vs 33.19% for IFLO. Their correlation of 0.82 suggests significant overlap in exposure. IGRO charges 0.15%/yr vs 0.56%/yr for IFLO.

Performance

IGRO vs. IFLO - Performance Comparison

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

Returns By Period

In the year-to-date period, IGRO achieves a 10.83% return, which is significantly lower than IFLO's 18.60% return.

IGRO

• 1D: -0.01%
• 1M: 2.23%
• 6M: 7.98%
• YTD: 10.83%
• 1Y: 19.62%
• 3Y*: 15.86%
• 5Y*: 8.92%
• 10Y*: 9.05%

IFLO

• 1D: -0.26%
• 1M: -1.46%
• 6M: 15.69%
• YTD: 18.60%
• 1Y: 33.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGRO vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
IGRO iShares International Dividend Growth ETF	10.83%	7.93%
IFLO VictoryShares International Free Cash Flow ETF	18.60%	13.12%

Correlation

The correlation between IGRO and IFLO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.82

The correlation between IGRO and IFLO has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

IGRO vs. IFLO - Sectors Allocation Comparison

Sectors	IGRO	IFLO
Financial Services	32.0%	1.1%
Industrials	14.4%	18.1%
Healthcare	12.6%	11.7%
Consumer Defensive	10.1%	2.8%
Technology	8.7%	21.5%
Utilities	6.9%	1.0%
Consumer Cyclical	6.8%	13.8%
Basic Materials	3.5%	11.3%
Energy	2.4%	12.1%
Communication Services	1.9%	6.7%
Real Estate	0.6%	0.0%

Return for Risk

IGRO vs. IFLO — Risk / Return Rank

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

IGRO

IGRO Risk / Return Rank: 55
IGRO Sharpe Ratio Rank: 58
IGRO Sortino Ratio Rank: 59
IGRO Omega Ratio Rank: 57
IGRO Calmar Ratio Rank: 48
IGRO Martin Ratio Rank: 54

IFLO

IFLO Risk / Return Rank: 90
IFLO Sharpe Ratio Rank: 88
IFLO Sortino Ratio Rank: 89
IFLO Omega Ratio Rank: 86
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 92

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. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Dividend Growth ETF (IGRO) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	IGRO	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.29	-0.72
Sortino ratio: Return per unit of downside risk	2.25	3.33	-1.08
Omega ratio: Gain probability vs. loss probability	1.29	1.41	-0.13
Calmar ratio: Return relative to maximum drawdown	1.97	5.18	-3.21
Martin ratio: Return relative to average drawdown	7.39	17.40	-10.02

IGRO vs. IFLO - Sharpe Ratio Comparison

The current IGRO Sharpe Ratio is 1.57, which is lower than the IFLO Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of IGRO and IFLO, 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

IGRO vs. IFLO - Drawdown Comparison

The maximum IGRO drawdown since its inception was -36.25%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for IGRO and IFLO.

Drawdown Indicators

	IGRO	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-36.25%	-6.44%	-29.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.00%	-6.44%	-3.56%
Max Drawdown (3Y) Largest decline over 3 years	-11.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.25%	—	—
Current Drawdown Current decline from peak	-0.01%	-1.99%	+1.98%
Average Drawdown Average peak-to-trough decline	-5.63%	-1.29%	-4.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.91%	+0.75%

Volatility

IGRO vs. IFLO - Volatility Comparison

The current volatility for iShares International Dividend Growth ETF (IGRO) is 2.56%, while VictoryShares International Free Cash Flow ETF (IFLO) has a volatility of 3.21%. This indicates that IGRO experiences smaller price fluctuations and is considered to be less risky than IFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGRO	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	3.21%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	10.69%	12.02%	-1.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.56%	14.56%	-2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	14.53%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	14.53%	+2.06%

IGRO vs. IFLO - Expense Ratio Comparison

IGRO has a 0.15% expense ratio, which is lower than IFLO's 0.56% expense ratio.

Dividends

IGRO vs. IFLO - Dividend Comparison

IGRO's dividend yield for the trailing twelve months is around 2.69%, more than IFLO's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IGRO iShares International Dividend Growth ETF	2.69%	2.51%	2.44%	2.79%	2.69%	2.27%	2.41%	2.65%	2.97%	2.43%	1.18%

Frequently Asked Questions

Can I hold both IGRO and IFLO in my portfolio?

IGRO and IFLO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGRO or IFLO?

IFLO has higher volatility (3.21%) compared to IGRO (2.56%). In terms of maximum drawdown, IGRO dropped -36.25% vs IFLO's -6.44%.

Which ETF is better, IGRO or IFLO?

On 1-year performance, IFLO leads with 33.19% vs 19.62% for IGRO. On fees, IGRO is cheaper at 0.15% per year. On volatility, IGRO has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGRO or IFLO?

Over the 1-year period, IFLO has performed better with a 33.19% return vs 19.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGRO or IFLO?

IGRO is cheaper with a 0.15% expense ratio, compared with 0.56% for IFLO.

Which ETF pays a higher dividend yield, IGRO or IFLO?

IGRO has the higher dividend yield at 2.69%, compared with 1.57% for IFLO.

What is the main difference between IGRO and IFLO?

They also come from different issuers: iShares and VictoryShares. Their fees differ too: 0.15% for IGRO and 0.56% for IFLO.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.29 vs 1.57), 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.