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ITB vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ITB vs. DGRO

Last updated Aug 2, 2026
Documentation

ITB (iShares U.S. Home Construction ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - ITB is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction 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, ITB returned 13.43%/yr vs 13.44%/yr for DGRO. Their 0.64 correlation means they have sometimes moved together and sometimes differently. ITB charges 0.38%/yr vs 0.08%/yr for DGRO.

Performance

ITB vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Home Construction ETF (ITB) 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, ITB achieves a -1.69% return, which is significantly lower than DGRO's 13.39% return. Both investments have delivered pretty close results over the past 10 years, with ITB having a 13.43% annualized return and DGRO not far ahead at 13.44%.

ITB

1D
-1.18%
1M
-8.32%
6M
-7.21%
YTD
-1.69%
1Y
-5.06%
3Y*
2.79%
5Y*
6.57%
10Y*
13.43%
ALL TIME*
4.08%

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

ITB

iShares U.S. Home Construction ETF
$179.18M$195.32M$218.82M

ITB vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ITB
iShares U.S. Home Construction ETF		-1.69%-5.26%2.06%68.91%-26.26%49.25%26.42%48.70%-30.92%59.65%
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 ITB and DGRO is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

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

0.64

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

0.67

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

0.68

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

0.63

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2014

0.64

The correlation between ITB and DGRO has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

ITB vs. DGRO - Sectors Allocation Comparison

Sectors
ITB
DGRO

Consumer Cyclical

74.6%
6.5%

Industrials

16.0%
11.3%

Basic Materials

8.7%
2.5%

Real Estate

0.7%

-

Communication Services

-

0.1%

Consumer Defensive

-

11.9%

Energy

-

4.8%

Financial Services

-

20.4%

Healthcare

-

17.9%

Technology

-

17.3%

Utilities

-

7.3%

Consumer Cyclical

ITB
74.6%
DGRO
6.5%

Industrials

ITB
16.0%
DGRO
11.3%

Basic Materials

ITB
8.7%
DGRO
2.5%

Real Estate

ITB
0.7%
DGRO

-

Communication Services

ITB

-

DGRO
0.1%

Consumer Defensive

ITB

-

DGRO
11.9%

Energy

ITB

-

DGRO
4.8%

Financial Services

ITB

-

DGRO
20.4%

Healthcare

ITB

-

DGRO
17.9%

Technology

ITB

-

DGRO
17.3%

Utilities

ITB

-

DGRO
7.3%

Compare stocks, funds, or ETFs

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

iShares U.S. Home Construction ETF

iShares Core Dividend Growth ETF

Often compared with ITB:
ITB vs. XHBITB vs. NAILITB vs. PKBITB vs. SPYITB vs. XLREITB vs. FSHOXITB vs. VGT
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

ITB vs. DGRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ITB
ITB Risk / Return Rank: 1010
Overall Rank
ITB Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
ITB Sortino Ratio Rank: 1010
Sortino Ratio Rank
ITB Omega Ratio Rank: 1010
Omega Ratio Rank
ITB Calmar Ratio Rank: 99
Calmar Ratio Rank
ITB Martin Ratio Rank: 99
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.

ITB vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) 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.

ITBDGRODifference
Sharpe ratioReturn per unit of total volatility
-0.09
2.44

-2.53

Sortino ratioReturn per unit of downside risk
0.09
3.55

-3.46

Omega ratioGain probability vs. loss probability

1.01

1.45

-0.44

Calmar ratioReturn relative to maximum drawdown

-0.10

3.61

-3.70

Martin ratioReturn relative to average drawdown

-0.17

14.07

-14.24

ITB vs. DGRO - Sharpe Ratio Comparison

The current ITB Sharpe Ratio is -0.09, which is lower than the DGRO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of ITB 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

ITB vs. DGRO - Drawdown Comparison

The maximum ITB drawdown since its inception was -86.53%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for ITB and DGRO.

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Drawdown Indicators

ITBDGRODifference

Max Drawdown

Largest peak-to-trough decline

-86.53%

-35.10%

-51.43%

Max Drawdown (1Y)

Largest decline over 1 year

-26.04%

-6.47%

-19.57%

Max Drawdown (3Y)

Largest decline over 3 years

-33.35%

-14.03%

-19.32%

Max Drawdown (5Y)

Largest decline over 5 years

-40.55%

-19.31%

-21.24%

Max Drawdown (10Y)

Largest decline over 10 years

-52.10%

-35.10%

-17.00%

Current Drawdown

Current decline from peak

-25.47%

-1.35%

-24.12%

Average Drawdown

Average peak-to-trough decline

-36.98%

-3.41%

-33.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.54%

1.66%

+12.88%

Volatility

ITB vs. DGRO - Volatility Comparison

iShares U.S. Home Construction ETF (ITB) has a higher volatility of 8.79% compared to iShares Core Dividend Growth ETF (DGRO) at 3.21%. This indicates that ITB'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

ITBDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.79%

3.21%

+5.58%

Volatility (6M)

Calculated over the trailing 6-month period

22.03%

7.12%

+14.91%

Volatility (1Y)

Calculated over the trailing 1-year period

29.51%

9.61%

+19.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.57%

13.79%

+15.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.20%

16.58%

+13.62%

ITB vs. DGRO - Expense Ratio Comparison

ITB has a 0.38% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

ITB vs. DGRO - Dividend Comparison

ITB's dividend yield for the trailing twelve months is around 0.68%, less 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%
ITB
iShares U.S. Home Construction ETF		0.68%1.67%0.46%0.48%0.86%0.37%0.46%0.50%0.63%0.28%0.43%0.34%

Frequently Asked Questions

ITB and DGRO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ITB has higher volatility (8.79%) compared to DGRO (3.21%). In terms of maximum drawdown, ITB dropped -86.53% vs DGRO's -35.10%.

On 10-year performance, DGRO leads with 13.44% vs 13.43% for ITB. 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 13.43%. 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 0.38% for ITB.

DGRO has the higher dividend yield at 1.89%, compared with 0.68% for ITB.

ITB is categorized as Building & Construction, while DGRO is Large Cap Growth Equities. ITB tracks Dow Jones U.S. Select Home Construction Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.38% for ITB and 0.08% for DGRO.

DGRO currently has the higher Sharpe Ratio (2.44 vs -0.09), 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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