IHAK vs. DGRO

Last updated Jun 5, 2026

IHAK (iShares Cybersecurity & Tech ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IHAK is a Technology Equities fund tracking the NYSE FactSet Global Cyber Security Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 5 years, IHAK returned 7.79%/yr vs 10.72%/yr for DGRO. A 0.55 correlation means they provide meaningful diversification when combined. IHAK charges 0.47%/yr vs 0.08%/yr for DGRO.

Performance

IHAK vs. DGRO - Performance Comparison

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

Returns By Period

In the year-to-date period, IHAK achieves a 22.96% return, which is significantly higher than DGRO's 9.64% return.

IHAK

• 1D: -0.22%
• 1M: 19.29%
• YTD: 22.96%
• 6M: 19.22%
• 1Y: 14.94%
• 3Y*: 17.49%
• 5Y*: 7.79%
• 10Y*: —

DGRO

• 1D: 0.81%
• 1M: 3.27%
• YTD: 9.64%
• 6M: 9.87%
• 1Y: 23.89%
• 3Y*: 17.46%
• 5Y*: 10.72%
• 10Y*: 13.34%

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

IHAK vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IHAK iShares Cybersecurity & Tech ETF	22.96%	-1.29%	7.60%	37.77%	-25.81%	11.13%	51.22%	6.66%
DGRO iShares Core Dividend Growth ETF	9.64%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	12.84%

Correlation

The correlation between IHAK and DGRO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.55

The correlation between IHAK and DGRO shifts across timeframes, from 0.35 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.

IHAK vs. DGRO - Sectors Allocation Comparison

Sectors	IHAK	DGRO
Technology	95.8%	19.4%
Industrials	3.3%	10.8%
Communication Services	0.4%	0.1%
Basic Materials	-	2.5%
Consumer Cyclical	-	5.7%
Consumer Defensive	-	11.5%
Energy	-	5.6%
Financial Services	-	21.2%
Healthcare	-	16.4%
Real Estate	-	-
Utilities	-	6.9%

Return for Risk

IHAK vs. DGRO — Risk / Return Rank

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

IHAK

IHAK Risk / Return Rank: 19
IHAK Sharpe Ratio Rank: 20
IHAK Sortino Ratio Rank: 20
IHAK Omega Ratio Rank: 20
IHAK Calmar Ratio Rank: 17
IHAK Martin Ratio Rank: 16

DGRO

DGRO Risk / Return Rank: 78
DGRO Sharpe Ratio Rank: 79
DGRO Sortino Ratio Rank: 83
DGRO Omega Ratio Rank: 78
DGRO Calmar Ratio Rank: 75
DGRO Martin Ratio Rank: 76

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.

IHAK vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Cybersecurity & Tech ETF (IHAK) 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.

	IHAK	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	0.62	2.53	-1.91
Sortino ratio: Return per unit of downside risk	0.98	3.68	-2.69
Omega ratio: Gain probability vs. loss probability	1.13	1.46	-0.33
Calmar ratio: Return relative to maximum drawdown	0.64	3.71	-3.07
Martin ratio: Return relative to average drawdown	1.50	14.33	-12.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHAK vs. DGRO - Sharpe Ratio Comparison

The current IHAK Sharpe Ratio is 0.62, which is lower than the DGRO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of IHAK and DGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IHAK	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	2.53	-1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.78	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.77	-0.22

Drawdowns

IHAK vs. DGRO - Drawdown Comparison

The maximum IHAK drawdown since its inception was -34.42%, roughly equal to the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IHAK and DGRO.

Drawdown Indicators

	IHAK	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-34.42%	-35.10%	+0.68%
Max Drawdown (1Y) Largest decline over 1 year	-23.48%	-6.47%	-17.01%
Max Drawdown (3Y) Largest decline over 3 years	-23.48%	-14.03%	-9.45%
Max Drawdown (5Y) Largest decline over 5 years	-34.42%	-19.31%	-15.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.10%	—
Current Drawdown Current decline from peak	-3.03%	0.00%	-3.03%
Average Drawdown Average peak-to-trough decline	-10.76%	-3.44%	-7.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.98%	1.67%	+8.31%

Volatility

IHAK vs. DGRO - Volatility Comparison

iShares Cybersecurity & Tech ETF (IHAK) has a higher volatility of 9.43% compared to iShares Core Dividend Growth ETF (DGRO) at 2.24%. This indicates that IHAK'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.

Volatility by Period

	IHAK	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.43%	2.24%	+7.19%
Volatility (6M) Calculated over the trailing 6-month period	19.92%	6.94%	+12.98%
Volatility (1Y) Calculated over the trailing 1-year period	24.03%	9.49%	+14.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.57%	13.82%	+9.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.41%	16.62%	+7.79%

IHAK vs. DGRO - Expense Ratio Comparison

IHAK has a 0.47% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

IHAK vs. DGRO - Dividend Comparison

IHAK's dividend yield for the trailing twelve months is around 0.07%, less than DGRO's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.94%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
IHAK iShares Cybersecurity & Tech ETF	0.07%	0.08%	0.20%	0.13%	0.25%	0.50%	0.40%	0.50%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IHAK and DGRO in my portfolio?

IHAK and DGRO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IHAK or DGRO?

IHAK has higher volatility (9.43%) compared to DGRO (2.24%). In terms of maximum drawdown, IHAK dropped -34.42% vs DGRO's -35.10%.

Which ETF is better, IHAK or DGRO?

On 5-year performance, DGRO leads with 10.72% vs 7.79% for IHAK. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IHAK or DGRO?

Over the 5-year period, DGRO has performed better with a 10.72% return vs 7.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IHAK or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.47% for IHAK.

Which ETF pays a higher dividend yield, IHAK or DGRO?

DGRO has the higher dividend yield at 1.94%, compared with 0.07% for IHAK.

What is the main difference between IHAK and DGRO?

IHAK is categorized as Technology Equities, while DGRO is Large Cap Growth Equities. IHAK tracks NYSE FactSet Global Cyber Security Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.47% for IHAK and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.53 vs 0.62), 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.