ISHG vs. DGRO
ISHG (iShares 1-3 Year International Treasury Bond ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - ISHG is a International Government Bonds fund tracking the S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year, 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, ISHG returned -0.27%/yr vs 13.58%/yr for DGRO. At a 0.11 correlation, their price movements are largely independent. ISHG charges 0.35%/yr vs 0.08%/yr for DGRO.
Performance
ISHG vs. DGRO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ISHG achieves a -1.37% return, which is significantly lower than DGRO's 8.84% return. Over the past 10 years, ISHG has underperformed DGRO with an annualized return of -0.27%, while DGRO has yielded a comparatively higher 13.58% annualized return.
ISHG
- 1D
- -0.24%
- 1M
- -1.45%
- YTD
- -1.37%
- 6M
- -1.13%
- 1Y
- 0.54%
- 3Y*
- 3.63%
- 5Y*
- -1.07%
- 10Y*
- -0.27%
DGRO
- 1D
- 0.08%
- 1M
- 0.48%
- YTD
- 8.84%
- 6M
- 8.25%
- 1Y
- 22.81%
- 3Y*
- 16.80%
- 5Y*
- 11.08%
- 10Y*
- 13.58%
ISHG vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | -1.37% | 13.31% | -4.16% | 3.76% | -10.95% | -7.05% | 7.47% | -0.64% | -3.54% | 10.91% |
DGRO iShares Core Dividend Growth ETF | 8.84% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Correlation
The correlation between ISHG and DGRO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.11 |
Over the past year, ISHG and DGRO have become more correlated (0.38) than their long-term average of 0.11, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISHG vs. DGRO — Risk / Return Rank
ISHG
DGRO
ISHG vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year International Treasury Bond ETF (ISHG) 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.
| ISHG | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.43 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 3.54 | -3.43 |
| Martin ratioReturn relative to average drawdown | 0.26 | 13.67 | -13.42 |
Loading charts...
Drawdowns
ISHG vs. DGRO - Drawdown Comparison
The maximum ISHG drawdown since its inception was -37.24%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for ISHG and DGRO.
Loading charts...
Drawdown Indicators
| ISHG | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.24% | -35.10% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -6.47% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | -14.03% | +5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | -19.31% | -3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -25.56% | -35.10% | +9.54% |
Current DrawdownCurrent decline from peak | -23.29% | -1.21% | -22.08% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -3.43% | -15.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.67% | +0.44% |
Volatility
ISHG vs. DGRO - Volatility Comparison
The current volatility for iShares 1-3 Year International Treasury Bond ETF (ISHG) is 1.76%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.64%. This indicates that ISHG experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISHG | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 2.64% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 4.89% | 6.94% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.56% | 9.55% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 13.80% | -6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 16.63% | -9.70% |
ISHG vs. DGRO - Expense Ratio Comparison
ISHG has a 0.35% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
ISHG vs. DGRO - Dividend Comparison
ISHG's dividend yield for the trailing twelve months is around 1.47%, less than DGRO's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.97% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
ISHG iShares 1-3 Year International Treasury Bond ETF | 1.47% | 1.45% | 2.56% | 0.18% | 0.00% | 1.29% | 0.00% | 0.00% | 1.80% | 0.46% | 0.00% | 0.09% |
Frequently Asked Questions
ISHG and DGRO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (2.64%) compared to ISHG (1.76%). In terms of maximum drawdown, ISHG dropped -37.24% vs DGRO's -35.10%.
On 10-year performance, DGRO leads with 13.58% vs -0.27% for ISHG. On fees, DGRO is cheaper at 0.08% per year. On volatility, ISHG has been the lower-risk option at 1.76%. 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 13.58% return vs -0.27%. 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 0.35% for ISHG.
DGRO has the higher dividend yield at 1.97%, compared with 1.47% for ISHG.
ISHG is categorized as International Government Bonds, while DGRO is Large Cap Growth Equities. ISHG tracks S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.35% for ISHG and 0.08% for DGRO.
DGRO currently has the higher Sharpe Ratio (2.40 vs 0.08), 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.
Find the right allocation for ISHG and DGRO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer