IGRO vs. VIGI

Last updated Jun 23, 2026

IGRO (iShares International Dividend Growth ETF) and VIGI (Vanguard International Dividend Appreciation 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 VIGI is a Dividend fund tracking the S&P Global Ex-U.S. Dividend Growers Index. Both are passively managed. Over the past 10 years, IGRO returned 9.38%/yr vs 8.32%/yr for VIGI. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

IGRO vs. VIGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Dividend Growth ETF (IGRO) and Vanguard International Dividend Appreciation ETF (VIGI). 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 higher than VIGI's 3.29% return. Over the past 10 years, IGRO has outperformed VIGI with an annualized return of 9.38%, while VIGI has yielded a comparatively lower 8.32% 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%

VIGI

• 1D: 0.12%
• 1M: -0.03%
• YTD: 3.29%
• 6M: 3.27%
• 1Y: 9.11%
• 3Y*: 10.37%
• 5Y*: 4.55%
• 10Y*: 8.32%

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

IGRO vs. VIGI - 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%
VIGI Vanguard International Dividend Appreciation ETF	3.29%	16.88%	2.73%	16.30%	-16.79%	12.51%	14.66%	27.53%	-11.50%	27.97%

Correlation

The correlation between IGRO and VIGI is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 19, 2016	0.82

The correlation between IGRO and VIGI shifts across timeframes, from 0.82 (all time) to 0.94 (1 year), reflecting how their relationship changes across market environments.

IGRO vs. VIGI - Sectors Allocation Comparison

Sectors	IGRO	VIGI
Financial Services	32.0%	29.0%
Industrials	14.4%	17.1%
Healthcare	12.6%	14.6%
Consumer Defensive	10.1%	9.7%
Technology	8.7%	11.5%
Utilities	6.9%	4.8%
Consumer Cyclical	6.8%	3.1%
Basic Materials	3.5%	4.1%
Energy	2.4%	2.8%
Communication Services	1.9%	1.3%
Real Estate	0.6%	1.3%

Return for Risk

IGRO vs. VIGI — 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

VIGI

VIGI Risk / Return Rank: 21
VIGI Sharpe Ratio Rank: 20
VIGI Sortino Ratio Rank: 20
VIGI Omega Ratio Rank: 19
VIGI Calmar Ratio Rank: 20
VIGI Martin Ratio Rank: 24

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. VIGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Dividend Growth ETF (IGRO) and Vanguard International Dividend Appreciation ETF (VIGI). 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	VIGI	Difference
Sharpe ratio: Return per unit of total volatility	1.39	0.70	+0.69
Sortino ratio: Return per unit of downside risk	2.00	1.07	+0.93
Omega ratio: Gain probability vs. loss probability	1.25	1.13	+0.12
Calmar ratio: Return relative to maximum drawdown	1.75	0.86	+0.89
Martin ratio: Return relative to average drawdown	6.52	3.03	+3.49

IGRO vs. VIGI - Sharpe Ratio Comparison

The current IGRO Sharpe Ratio is 1.39, which is higher than the VIGI Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of IGRO and VIGI, 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. VIGI - Drawdown Comparison

The maximum IGRO drawdown since its inception was -36.25%, which is greater than VIGI's maximum drawdown of -31.01%. Use the drawdown chart below to compare losses from any high point for IGRO and VIGI.

Drawdown Indicators

	IGRO	VIGI	Difference
Max Drawdown Largest peak-to-trough decline	-36.25%	-31.01%	-5.24%
Max Drawdown (1Y) Largest decline over 1 year	-10.00%	-10.64%	+0.64%
Max Drawdown (3Y) Largest decline over 3 years	-11.13%	-14.50%	+3.37%
Max Drawdown (5Y) Largest decline over 5 years	-25.98%	-28.80%	+2.82%
Max Drawdown (10Y) Largest decline over 10 years	-36.25%	-31.01%	-5.24%
Current Drawdown Current decline from peak	-0.77%	-1.85%	+1.08%
Average Drawdown Average peak-to-trough decline	-5.66%	-6.16%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	3.01%	-0.33%

Volatility

IGRO vs. VIGI - Volatility Comparison

iShares International Dividend Growth ETF (IGRO) and Vanguard International Dividend Appreciation ETF (VIGI) have volatilities of 3.17% and 3.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGRO	VIGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	3.09%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	10.33%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	13.05%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	14.46%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	15.85%	+0.98%

IGRO vs. VIGI - Expense Ratio Comparison

Both IGRO and VIGI have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IGRO vs. VIGI - Dividend Comparison

IGRO's dividend yield for the trailing twelve months is around 2.75%, more than VIGI's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
VIGI Vanguard International Dividend Appreciation ETF	2.14%	2.14%	1.93%	1.92%	2.06%	7.02%	1.29%	1.83%	1.99%	1.75%	1.05%

Frequently Asked Questions

Can I hold both IGRO and VIGI in my portfolio?

With a correlation of 0.94, IGRO and VIGI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IGRO or VIGI?

IGRO has higher volatility (3.17%) compared to VIGI (3.09%). In terms of maximum drawdown, IGRO dropped -36.25% vs VIGI's -31.01%.

Which ETF is better, IGRO or VIGI?

On 10-year performance, IGRO leads with 9.38% vs 8.32% for VIGI. Both ETFs have the same 0.15% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGRO or VIGI?

Over the 10-year period, IGRO has performed better with a 9.38% return vs 8.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGRO or VIGI?

IGRO and VIGI have the same expense ratio: 0.15% per year.

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

IGRO has the higher dividend yield at 2.75%, compared with 2.14% for VIGI.

What is the main difference between IGRO and VIGI?

IGRO is categorized as Foreign Large Cap Equities, while VIGI is Dividend. IGRO tracks Morningstar Global ex-US Dividend Growth Index (Net), while VIGI tracks S&P Global Ex-U.S. Dividend Growers Index. They also come from different issuers: iShares and Vanguard.

Which has better risk-adjusted returns?

IGRO currently has the higher Sharpe Ratio (1.39 vs 0.70), 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.