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IMTM vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMTM vs. DGRO

Last updated Aug 2, 2026
Documentation

IMTM (iShares MSCI Intl Momentum Factor ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IMTM is a Momentum fund tracking the MSCI World ex USA Momentum Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, IMTM returned 9.68%/yr vs 13.44%/yr for DGRO. Their 0.61 correlation means they have sometimes moved together and sometimes differently. IMTM charges 0.30%/yr vs 0.08%/yr for DGRO.

Performance

IMTM vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Momentum Factor ETF (IMTM) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IMTM achieves a 9.97% return, which is significantly lower than DGRO's 13.39% return. Over the past 10 years, IMTM has underperformed DGRO with an annualized return of 9.68%, while DGRO has yielded a comparatively higher 13.44% annualized return.

IMTM

1D
-0.21%
1M
-0.69%
6M
4.07%
YTD
9.97%
1Y
22.34%
3Y*
19.82%
5Y*
9.20%
10Y*
9.68%
ALL TIME*
8.71%

DGRO

1D
-0.28%
1M
0.97%
6M
9.59%
YTD
13.39%
1Y
24.21%
3Y*
16.30%
5Y*
11.08%
10Y*
13.44%
ALL TIME*
12.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DGRO

iShares Core Dividend Growth ETF
$103.52M$104.25M$110.17M

IMTM

iShares MSCI Intl Momentum Factor ETF
$21.09M$19.87M$23.17M

IMTM vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMTM
iShares MSCI Intl Momentum Factor ETF		9.97%34.50%12.17%13.89%-16.81%3.50%22.17%24.52%-14.31%25.46%
DGRO
iShares Core Dividend Growth ETF		13.39%15.69%16.62%10.47%-7.91%26.64%9.50%29.87%-2.38%23.00%

Correlation

The correlation between IMTM and DGRO is 0.48, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.48

Correlation (3Y)
Balances recent behavior with more history.

0.57

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.66

Correlation (10Y)
Provides a long-term view across more market conditions.

0.65

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2015

0.61

The correlation between IMTM and DGRO shifts across timeframes, from 0.48 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

IMTM vs. DGRO - Sectors Allocation Comparison

Sectors
IMTM
DGRO

Financial Services

29.5%
20.4%

Technology

18.1%
17.3%

Industrials

14.6%
11.3%

Energy

9.0%
4.8%

Healthcare

8.9%
17.9%

Basic Materials

8.4%
2.5%

Utilities

5.4%
7.3%

Consumer Defensive

2.1%
11.9%

Consumer Cyclical

1.7%
6.5%

Communication Services

1.4%
0.1%

Real Estate

1.0%

-

Financial Services

IMTM
29.5%
DGRO
20.4%

Technology

IMTM
18.1%
DGRO
17.3%

Industrials

IMTM
14.6%
DGRO
11.3%

Energy

IMTM
9.0%
DGRO
4.8%

Healthcare

IMTM
8.9%
DGRO
17.9%

Basic Materials

IMTM
8.4%
DGRO
2.5%

Utilities

IMTM
5.4%
DGRO
7.3%

Consumer Defensive

IMTM
2.1%
DGRO
11.9%

Consumer Cyclical

IMTM
1.7%
DGRO
6.5%

Communication Services

IMTM
1.4%
DGRO
0.1%

Real Estate

IMTM
1.0%
DGRO

-

Compare stocks, funds, or ETFs

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

iShares MSCI Intl Momentum Factor ETF

iShares Core Dividend Growth ETF

Often compared with IMTM:
IMTM vs. SPMOIMTM vs. IMOMIMTM vs. IDMOIMTM vs. VXUSIMTM vs. IWFM.LIMTM vs. IWMO.MIIMTM vs. VT
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

IMTM vs. DGRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IMTM
IMTM Risk / Return Rank: 4949
Overall Rank
IMTM Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IMTM Sortino Ratio Rank: 4949
Sortino Ratio Rank
IMTM Omega Ratio Rank: 4747
Omega Ratio Rank
IMTM Calmar Ratio Rank: 4848
Calmar Ratio Rank
IMTM Martin Ratio Rank: 5454
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 9191
Overall Rank
DGRO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 9393
Sortino Ratio Rank
DGRO Omega Ratio Rank: 9292
Omega Ratio Rank
DGRO Calmar Ratio Rank: 8888
Calmar Ratio Rank
DGRO Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IMTM vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Momentum Factor ETF (IMTM) 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.

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.

IMTMDGRODifference
Sharpe ratioReturn per unit of total volatility
1.16
2.44

-1.28

Sortino ratioReturn per unit of downside risk
1.74
3.55

-1.81

Omega ratioGain probability vs. loss probability

1.22

1.45

-0.23

Calmar ratioReturn relative to maximum drawdown

1.73

3.61

-1.88

Martin ratioReturn relative to average drawdown

6.39

14.07

-7.68

IMTM vs. DGRO - Sharpe Ratio Comparison

The current IMTM Sharpe Ratio is 1.16, which is lower than the DGRO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of IMTM 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.

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Drawdowns

IMTM vs. DGRO - Drawdown Comparison

The maximum IMTM drawdown since its inception was -32.66%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IMTM and DGRO.

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Drawdown Indicators

IMTMDGRODifference

Max Drawdown

Largest peak-to-trough decline

-32.66%

-35.10%

+2.44%

Max Drawdown (1Y)

Largest decline over 1 year

-12.85%

-6.47%

-6.38%

Max Drawdown (3Y)

Largest decline over 3 years

-12.85%

-14.03%

+1.18%

Max Drawdown (5Y)

Largest decline over 5 years

-32.66%

-19.31%

-13.35%

Max Drawdown (10Y)

Largest decline over 10 years

-32.66%

-35.10%

+2.44%

Current Drawdown

Current decline from peak

-4.03%

-1.35%

-2.68%

Average Drawdown

Average peak-to-trough decline

-7.38%

-3.41%

-3.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.47%

1.66%

+1.81%

Volatility

IMTM vs. DGRO - Volatility Comparison

iShares MSCI Intl Momentum Factor ETF (IMTM) has a higher volatility of 6.44% compared to iShares Core Dividend Growth ETF (DGRO) at 3.21%. This indicates that IMTM'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.

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Volatility by Period

IMTMDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.44%

3.21%

+3.23%

Volatility (6M)

Calculated over the trailing 6-month period

17.36%

7.12%

+10.24%

Volatility (1Y)

Calculated over the trailing 1-year period

19.10%

9.61%

+9.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.95%

13.79%

+4.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.70%

16.58%

+1.12%

IMTM vs. DGRO - Expense Ratio Comparison

IMTM has a 0.30% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

IMTM vs. DGRO - Dividend Comparison

IMTM's dividend yield for the trailing twelve months is around 4.45%, more than DGRO's 1.89% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.89%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
IMTM
iShares MSCI Intl Momentum Factor ETF		4.45%4.70%2.93%2.29%2.68%2.51%0.97%2.13%2.36%1.92%2.75%1.56%

Frequently Asked Questions

IMTM and DGRO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMTM has higher volatility (6.44%) compared to DGRO (3.21%). In terms of maximum drawdown, IMTM dropped -32.66% vs DGRO's -35.10%.

On 10-year performance, DGRO leads with 13.44% vs 9.68% for IMTM. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DGRO has performed better with a 13.44% return vs 9.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DGRO is cheaper with a 0.08% expense ratio, compared with 0.30% for IMTM.

IMTM has the higher dividend yield at 4.45%, compared with 1.89% for DGRO.

IMTM is categorized as Momentum, while DGRO is Large Cap Growth Equities. IMTM tracks MSCI World ex USA Momentum Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.30% for IMTM and 0.08% for DGRO.

DGRO currently has the higher Sharpe Ratio (2.44 vs 1.16), 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.

Portfolio Optimizer

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