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IGRO vs. NDVG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGRO vs. NDVG

Last updated Jun 4, 2026

IGRO (iShares International Dividend Growth ETF) and NDVG (Nuveen Dividend Growth ETF) are both exchange-traded funds - IGRO is a Foreign Large Cap Equities fund tracking the Morningstar Global ex-US Dividend Growth Index (Net), while NDVG is a Large Cap Growth Equities fund actively managed by Nuveen. IGRO is passively managed, while NDVG is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. IGRO charges 0.15%/yr vs 0.64%/yr for NDVG.

Performance

IGRO vs. NDVG - Performance Comparison

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

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Returns By Period

IGRO

1D
-0.85%
1M
0.87%
YTD
5.91%
6M
8.22%
1Y
13.91%
3Y*
15.21%
5Y*
7.30%
10Y*
8.49%

NDVG

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGRO vs. NDVG - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IGRO
iShares International Dividend Growth ETF		5.91%25.03%7.78%15.38%-12.72%1.38%
NDVG
Nuveen Dividend Growth ETF		-1.62%10.06%17.60%15.15%-9.55%11.07%

Correlation

The correlation between IGRO and NDVG is 0.67, 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

0.67

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (All Time)
Calculated using the full available price history since Aug 6, 2021

0.68

The correlation between IGRO and NDVG has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

IGRO vs. NDVG - Sectors Allocation Comparison

Sectors
IGRO
NDVG

Financial Services

32.0%
14.7%

Industrials

14.8%
10.2%

Healthcare

12.6%
9.8%

Consumer Defensive

10.1%
7.7%

Technology

7.8%
28.9%

Utilities

7.3%
5.1%

Consumer Cyclical

6.7%
9.7%

Basic Materials

3.6%
2.2%

Energy

2.6%
5.3%

Communication Services

1.9%
2.7%

Real Estate

0.6%
3.9%

Financial Services

IGRO
32.0%
NDVG
14.7%

Industrials

IGRO
14.8%
NDVG
10.2%

Healthcare

IGRO
12.6%
NDVG
9.8%

Consumer Defensive

IGRO
10.1%
NDVG
7.7%

Technology

IGRO
7.8%
NDVG
28.9%

Utilities

IGRO
7.3%
NDVG
5.1%

Consumer Cyclical

IGRO
6.7%
NDVG
9.7%

Basic Materials

IGRO
3.6%
NDVG
2.2%

Energy

IGRO
2.6%
NDVG
5.3%

Communication Services

IGRO
1.9%
NDVG
2.7%

Real Estate

IGRO
0.6%
NDVG
3.9%

Compare stocks, funds, or ETFs

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

iShares International Dividend Growth ETF

Nuveen Dividend Growth ETF

Often compared with IGRO:
IGRO vs. VIGIIGRO vs. SCHYIGRO vs. IDVIGRO vs. DGROIGRO vs. IHDGIGRO vs. FIDIGRO vs. DGRE
Often compared with NDVG:
NDVG vs. JEPQNDVG vs. QOWZNDVG vs. DGRONDVG vs. DGRWNDVG vs. VUGNDVG vs. BDGSNDVG vs. VTV

Return for Risk

IGRO vs. NDVG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGRO
IGRO Risk / Return Rank: 3030
Overall Rank
IGRO Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
IGRO Sortino Ratio Rank: 3030
Sortino Ratio Rank
IGRO Omega Ratio Rank: 3030
Omega Ratio Rank
IGRO Calmar Ratio Rank: 2828
Calmar Ratio Rank
IGRO Martin Ratio Rank: 3434
Martin Ratio Rank
NDVG
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. NDVG - Risk-Adjusted Trends Comparison

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

IGRONDVGDifference
Sharpe ratioReturn per unit of total volatility
1.12

—

—

Sortino ratioReturn per unit of downside risk
1.64

—

—

Omega ratioGain probability vs. loss probability

1.21

—

—

Calmar ratioReturn relative to maximum drawdown

1.40

—

—

Martin ratioReturn relative to average drawdown

5.22

—

—

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. NDVG - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IGRONDVGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.12

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

—

—

Drawdowns

IGRO vs. NDVG - Drawdown Comparison

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Drawdown Indicators

IGRONDVGDifference

Max Drawdown

Largest peak-to-trough decline

-36.25%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-10.00%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-11.13%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-36.25%

—

—

Current Drawdown

Current decline from peak

-2.75%

—

—

Average Drawdown

Average peak-to-trough decline

-5.68%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

—

—

Volatility

IGRO vs. NDVG - Volatility Comparison

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Volatility by Period

IGRONDVGDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

10.38%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.46%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.92%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.86%

—

—

IGRO vs. NDVG - Expense Ratio Comparison

IGRO has a 0.15% expense ratio, which is lower than NDVG's 0.64% expense ratio.

Dividends

IGRO vs. NDVG - Dividend Comparison

IGRO's dividend yield for the trailing twelve months is around 2.41%, less than NDVG's 4.41% yield.

PositionTTM2025202420232022202120202019201820172016
IGRO
iShares International Dividend Growth ETF		2.41%2.51%2.44%2.79%2.69%2.27%2.41%2.65%2.97%2.43%1.18%
NDVG
Nuveen Dividend Growth ETF		4.41%1.05%1.20%1.24%1.34%0.57%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IGRO and NDVG have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IGRO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IGRO is cheaper with a 0.15% expense ratio, compared with 0.64% for NDVG.

NDVG has the higher dividend yield at 4.41%, compared with 2.41% for IGRO.

IGRO is categorized as Foreign Large Cap Equities, while NDVG is Large Cap Growth Equities. They also come from different issuers: iShares and Nuveen. Their fees differ too: 0.15% for IGRO and 0.64% for NDVG.

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