INRA.AS vs. DGRO

Last updated Jul 17, 2026

INRA.AS (iShares Global Clean Energy Transition UCITS ETF USD Accumulating) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - INRA.AS is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Transition, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 3 years, INRA.AS returned 0.65%/yr vs 17.04%/yr for DGRO. At a 0.29 correlation, their price movements are largely independent. INRA.AS charges 0.65%/yr vs 0.08%/yr for DGRO.

Performance

INRA.AS vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Clean Energy Transition UCITS ETF USD Accumulating (INRA.AS) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with INRA.AS having a 13.26% return and DGRO slightly lower at 12.80%.

INRA.AS

• 1D: -2.30%
• 1M: -11.66%
• 6M: 5.85%
• YTD: 13.26%
• 1Y: 40.07%
• 3Y*: 0.65%
• 5Y*: —
• 10Y*: —

DGRO

• 1D: 1.25%
• 1M: 2.37%
• 6M: 9.53%
• YTD: 12.80%
• 1Y: 22.87%
• 3Y*: 17.04%
• 5Y*: 11.27%
• 10Y*: 13.31%

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

INRA.AS vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
INRA.AS iShares Global Clean Energy Transition UCITS ETF USD Accumulating	13.26%	45.54%	-25.66%	-20.50%	28.36%
DGRO iShares Core Dividend Growth ETF	12.80%	15.69%	16.62%	10.47%	-1.59%

Correlation

The correlation between INRA.AS and DGRO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Feb 23, 2022	0.29

Return for Risk

INRA.AS vs. DGRO — Risk / Return Rank

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

INRA.AS

INRA.AS Risk / Return Rank: 48
INRA.AS Sharpe Ratio Rank: 51
INRA.AS Sortino Ratio Rank: 50
INRA.AS Omega Ratio Rank: 44
INRA.AS Calmar Ratio Rank: 47
INRA.AS Martin Ratio Rank: 49

DGRO

DGRO Risk / Return Rank: 88
DGRO Sharpe Ratio Rank: 90
DGRO Sortino Ratio Rank: 91
DGRO Omega Ratio Rank: 88
DGRO Calmar Ratio Rank: 83
DGRO Martin Ratio Rank: 85

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.

INRA.AS vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy Transition UCITS ETF USD Accumulating (INRA.AS) 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.

	INRA.AS	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.41	-1.00
Sortino ratio: Return per unit of downside risk	2.02	3.53	-1.50
Omega ratio: Gain probability vs. loss probability	1.24	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	1.93	3.55	-1.62
Martin ratio: Return relative to average drawdown	6.54	13.71	-7.17

INRA.AS vs. DGRO - Sharpe Ratio Comparison

The current INRA.AS Sharpe Ratio is 1.41, which is lower than the DGRO Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of INRA.AS 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.

Drawdowns

INRA.AS vs. DGRO - Drawdown Comparison

The maximum INRA.AS drawdown since its inception was -54.27%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for INRA.AS and DGRO.

Drawdown Indicators

	INRA.AS	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-54.27%	-35.10%	-19.17%
Max Drawdown (1Y) Largest decline over 1 year	-20.51%	-6.47%	-14.04%
Max Drawdown (3Y) Largest decline over 3 years	-43.77%	-14.03%	-29.74%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.10%	—
Current Drawdown Current decline from peak	-20.51%	0.00%	-20.51%
Average Drawdown Average peak-to-trough decline	-28.41%	-3.42%	-24.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.08%	1.67%	+4.41%

Volatility

INRA.AS vs. DGRO - Volatility Comparison

iShares Global Clean Energy Transition UCITS ETF USD Accumulating (INRA.AS) has a higher volatility of 11.07% compared to iShares Core Dividend Growth ETF (DGRO) at 2.81%. This indicates that INRA.AS'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

	INRA.AS	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.07%	2.81%	+8.26%
Volatility (6M) Calculated over the trailing 6-month period	22.91%	7.09%	+15.82%
Volatility (1Y) Calculated over the trailing 1-year period	27.99%	9.53%	+18.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.19%	13.81%	+15.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.19%	16.57%	+12.62%

INRA.AS vs. DGRO - Expense Ratio Comparison

INRA.AS has a 0.65% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

INRA.AS vs. DGRO - Dividend Comparison

INRA.AS has not paid dividends to shareholders, while DGRO's dividend yield for the trailing twelve months is around 1.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.90%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
INRA.AS iShares Global Clean Energy Transition UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INRA.AS and DGRO in my portfolio?

INRA.AS and DGRO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INRA.AS or DGRO?

On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INRA.AS or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.65% for INRA.AS.

What is the main difference between INRA.AS and DGRO?

INRA.AS is categorized as Alternative Energy Equities, while DGRO is Large Cap Growth Equities. INRA.AS tracks S&P Global Clean Energy Transition, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.65% for INRA.AS and 0.08% for DGRO.