IGRO vs. IHDG

Last updated Jun 23, 2026

IGRO (iShares International Dividend Growth ETF) and IHDG (WisdomTree International Hedged Dividend Growth Fund) are both Foreign Large Cap Equities funds - IGRO tracks the Morningstar Global ex-US Dividend Growth Index (Net) while IHDG tracks the WisdomTree International Hedged Dividend Growth Index. Both are passively managed. Over the past 10 years, IGRO returned 9.38%/yr vs 11.14%/yr for IHDG. A 0.70 correlation means they provide meaningful diversification when combined. IGRO charges 0.15%/yr vs 0.58%/yr for IHDG.

Performance

IGRO vs. IHDG - Performance Comparison

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

Returns By Period

In the year-to-date period, IGRO achieves a 8.06% return, which is significantly lower than IHDG's 9.17% return. Over the past 10 years, IGRO has underperformed IHDG with an annualized return of 9.38%, while IHDG has yielded a comparatively higher 11.14% annualized return.

IGRO

• 1D: 0.13%
• 1M: 0.87%
• YTD: 8.06%
• 6M: 8.56%
• 1Y: 17.42%
• 3Y*: 16.28%
• 5Y*: 8.19%
• 10Y*: 9.38%

IHDG

• 1D: -0.29%
• 1M: 4.86%
• YTD: 9.17%
• 6M: 9.32%
• 1Y: 20.72%
• 3Y*: 12.24%
• 5Y*: 8.33%
• 10Y*: 11.14%

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

IGRO vs. IHDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGRO iShares International Dividend Growth ETF	8.06%	25.03%	7.78%	15.38%	-12.72%	9.94%	7.71%	26.13%	-14.86%	24.64%
IHDG WisdomTree International Hedged Dividend Growth Fund	9.17%	14.17%	5.97%	20.00%	-11.53%	19.75%	10.51%	33.42%	-12.03%	21.93%

Correlation

The correlation between IGRO and IHDG is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since May 19, 2016	0.70

The correlation between IGRO and IHDG has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.

IGRO vs. IHDG - Sectors Allocation Comparison

Sectors	IGRO	IHDG
Financial Services	32.0%	15.8%
Industrials	14.4%	24.5%
Healthcare	12.6%	9.4%
Consumer Defensive	10.1%	4.3%
Technology	8.7%	11.2%
Utilities	6.9%	0.8%
Consumer Cyclical	6.8%	19.2%
Basic Materials	3.5%	5.1%
Energy	2.4%	3.7%
Communication Services	1.9%	5.8%
Real Estate	0.6%	0.3%

Return for Risk

IGRO vs. IHDG — Risk / Return Rank

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

IGRO

IGRO Risk / Return Rank: 40
IGRO Sharpe Ratio Rank: 41
IGRO Sortino Ratio Rank: 40
IGRO Omega Ratio Rank: 40
IGRO Calmar Ratio Rank: 36
IGRO Martin Ratio Rank: 42

IHDG

IHDG Risk / Return Rank: 43
IHDG Sharpe Ratio Rank: 44
IHDG Sortino Ratio Rank: 44
IHDG Omega Ratio Rank: 43
IHDG Calmar Ratio Rank: 41
IHDG Martin Ratio Rank: 45

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. IHDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Dividend Growth ETF (IGRO) and WisdomTree International Hedged Dividend Growth Fund (IHDG). 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	IHDG	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.49	-0.10
Sortino ratio: Return per unit of downside risk	2.00	2.15	-0.15
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	1.75	1.98	-0.23
Martin ratio: Return relative to average drawdown	6.52	7.35	-0.83

IGRO vs. IHDG - Sharpe Ratio Comparison

The current IGRO Sharpe Ratio is 1.39, which is comparable to the IHDG Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of IGRO and IHDG, 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. IHDG - Drawdown Comparison

The maximum IGRO drawdown since its inception was -36.25%, which is greater than IHDG's maximum drawdown of -29.24%. Use the drawdown chart below to compare losses from any high point for IGRO and IHDG.

Drawdown Indicators

	IGRO	IHDG	Difference
Max Drawdown Largest peak-to-trough decline	-36.25%	-29.24%	-7.01%
Max Drawdown (1Y) Largest decline over 1 year	-10.00%	-10.49%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-11.13%	-18.88%	+7.75%
Max Drawdown (5Y) Largest decline over 5 years	-25.98%	-19.52%	-6.46%
Max Drawdown (10Y) Largest decline over 10 years	-36.25%	-29.24%	-7.01%
Current Drawdown Current decline from peak	-0.77%	-0.29%	-0.48%
Average Drawdown Average peak-to-trough decline	-5.66%	-4.02%	-1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.83%	-0.15%

Volatility

IGRO vs. IHDG - Volatility Comparison

The current volatility for iShares International Dividend Growth ETF (IGRO) is 3.17%, while WisdomTree International Hedged Dividend Growth Fund (IHDG) has a volatility of 4.47%. This indicates that IGRO experiences smaller price fluctuations and is considered to be less risky than IHDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGRO	IHDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	4.47%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	11.81%	-1.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	14.03%	-1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	14.92%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	15.76%	+1.07%

IGRO vs. IHDG - Expense Ratio Comparison

IGRO has a 0.15% expense ratio, which is lower than IHDG's 0.58% expense ratio.

Dividends

IGRO vs. IHDG - Dividend Comparison

IGRO's dividend yield for the trailing twelve months is around 2.75%, more than IHDG's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGRO iShares International Dividend Growth ETF	2.75%	2.51%	2.44%	2.79%	2.69%	2.27%	2.41%	2.65%	2.97%	2.43%	1.18%	0.00%
IHDG WisdomTree International Hedged Dividend Growth Fund	1.76%	1.84%	2.42%	1.70%	13.79%	2.77%	1.94%	1.99%	0.22%	1.28%	1.91%	3.04%

Frequently Asked Questions

Can I hold both IGRO and IHDG in my portfolio?

IGRO and IHDG have a correlation of 0.80, 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 IHDG?

IHDG has higher volatility (4.47%) compared to IGRO (3.17%). In terms of maximum drawdown, IGRO dropped -36.25% vs IHDG's -29.24%.

Which ETF is better, IGRO or IHDG?

On 10-year performance, IHDG leads with 11.14% vs 9.38% for IGRO. On fees, IGRO is cheaper at 0.15% per year. On volatility, IGRO has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGRO or IHDG?

Over the 10-year period, IHDG has performed better with a 11.14% return vs 9.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGRO or IHDG?

IGRO is cheaper with a 0.15% expense ratio, compared with 0.58% for IHDG.

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

IGRO has the higher dividend yield at 2.75%, compared with 1.76% for IHDG.

What is the main difference between IGRO and IHDG?

IGRO tracks Morningstar Global ex-US Dividend Growth Index (Net), while IHDG tracks WisdomTree International Hedged Dividend Growth Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.15% for IGRO and 0.58% for IHDG.

Which has better risk-adjusted returns?

IHDG currently has the higher Sharpe Ratio (1.49 vs 1.39), 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.