IUSB vs. DGRO

Last updated Jun 4, 2026

IUSB (iShares Core Universal USD Bond ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal 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, IUSB returned 1.94%/yr vs 13.30%/yr for DGRO. At a 0.05 correlation, their price movements are largely independent. IUSB charges 0.06%/yr vs 0.08%/yr for DGRO.

Performance

IUSB vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Universal USD Bond ETF (IUSB) 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, IUSB achieves a 0.43% return, which is significantly lower than DGRO's 8.76% return. Over the past 10 years, IUSB has underperformed DGRO with an annualized return of 1.94%, while DGRO has yielded a comparatively higher 13.30% annualized return.

IUSB

• 1D: -0.17%
• 1M: 0.31%
• YTD: 0.43%
• 6M: 0.31%
• 1Y: 5.54%
• 3Y*: 4.51%
• 5Y*: 0.44%
• 10Y*: 1.94%

DGRO

• 1D: -0.28%
• 1M: 3.14%
• YTD: 8.76%
• 6M: 8.75%
• 1Y: 22.54%
• 3Y*: 16.99%
• 5Y*: 10.54%
• 10Y*: 13.30%

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

IUSB vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUSB iShares Core Universal USD Bond ETF	0.43%	7.38%	2.11%	6.23%	-13.04%	-1.33%	7.62%	9.13%	-0.27%	3.82%
DGRO iShares Core Dividend Growth ETF	8.76%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Correlation

The correlation between IUSB and DGRO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jun 13, 2014	0.05

Over the past year, IUSB and DGRO have become more correlated (0.33) than their long-term average of 0.05, meaning their price movements have been converging.

IUSB vs. DGRO - Sectors Allocation Comparison

Sectors	IUSB	DGRO
Energy	100.0%	5.6%
Basic Materials	-	2.5%
Communication Services	-	0.1%
Consumer Cyclical	-	5.7%
Consumer Defensive	-	11.5%
Financial Services	-	21.2%
Healthcare	-	16.4%
Industrials	-	10.8%
Real Estate	-	-
Technology	-	19.4%
Utilities	-	6.9%

Return for Risk

IUSB vs. DGRO — Risk / Return Rank

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

IUSB

IUSB Risk / Return Rank: 43
IUSB Sharpe Ratio Rank: 43
IUSB Sortino Ratio Rank: 45
IUSB Omega Ratio Rank: 41
IUSB Calmar Ratio Rank: 43
IUSB Martin Ratio Rank: 41

DGRO

DGRO Risk / Return Rank: 71
DGRO Sharpe Ratio Rank: 71
DGRO Sortino Ratio Rank: 76
DGRO Omega Ratio Rank: 70
DGRO Calmar Ratio Rank: 69
DGRO Martin Ratio Rank: 71

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.

IUSB vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Universal USD Bond ETF (IUSB) 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.

	IUSB	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.39	-0.85
Sortino ratio: Return per unit of downside risk	2.30	3.49	-1.18
Omega ratio: Gain probability vs. loss probability	1.27	1.43	-0.16
Calmar ratio: Return relative to maximum drawdown	2.20	3.50	-1.30
Martin ratio: Return relative to average drawdown	6.68	13.52	-6.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUSB vs. DGRO - Sharpe Ratio Comparison

The current IUSB Sharpe Ratio is 1.54, which is lower than the DGRO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of IUSB 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

	IUSB	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	2.39	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.77	-0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.80	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.76	-0.30

Drawdowns

IUSB vs. DGRO - Drawdown Comparison

The maximum IUSB drawdown since its inception was -17.90%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IUSB and DGRO.

Drawdown Indicators

	IUSB	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-17.90%	-35.10%	+17.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	-6.47%	+3.94%
Max Drawdown (3Y) Largest decline over 3 years	-5.82%	-14.03%	+8.21%
Max Drawdown (5Y) Largest decline over 5 years	-17.87%	-19.31%	+1.44%
Max Drawdown (10Y) Largest decline over 10 years	-17.90%	-35.10%	+17.20%
Current Drawdown Current decline from peak	-1.33%	-0.28%	-1.05%
Average Drawdown Average peak-to-trough decline	-3.59%	-3.44%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	1.67%	-0.84%

Volatility

IUSB vs. DGRO - Volatility Comparison

The current volatility for iShares Core Universal USD Bond ETF (IUSB) is 1.24%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.21%. This indicates that IUSB 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.

Volatility by Period

	IUSB	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	2.21%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	2.62%	6.91%	-4.29%
Volatility (1Y) Calculated over the trailing 1-year period	3.62%	9.48%	-5.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.79%	13.82%	-8.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	16.62%	-11.58%

IUSB vs. DGRO - Expense Ratio Comparison

IUSB has a 0.06% expense ratio, which is lower than DGRO's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IUSB vs. DGRO - Dividend Comparison

IUSB's dividend yield for the trailing twelve months is around 4.23%, more than DGRO's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.96%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
IUSB iShares Core Universal USD Bond ETF	4.23%	4.17%	4.04%	3.46%	2.53%	1.74%	2.68%	3.04%	2.98%	2.56%	2.60%	1.95%

Frequently Asked Questions

Can I hold both IUSB and DGRO in my portfolio?

IUSB and DGRO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IUSB or DGRO?

DGRO has higher volatility (2.21%) compared to IUSB (1.24%). In terms of maximum drawdown, IUSB dropped -17.90% vs DGRO's -35.10%.

Which ETF is better, IUSB or DGRO?

On 10-year performance, DGRO leads with 13.30% vs 1.94% for IUSB. On fees, IUSB is cheaper at 0.06% per year. On volatility, IUSB has been the lower-risk option at 1.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IUSB or DGRO?

Over the 10-year period, DGRO has performed better with a 13.30% return vs 1.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IUSB or DGRO?

IUSB is cheaper with a 0.06% expense ratio, compared with 0.08% for DGRO.

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

IUSB has the higher dividend yield at 4.23%, compared with 1.96% for DGRO.

What is the main difference between IUSB and DGRO?

IUSB is categorized as Intermediate Core-Plus Bond, while DGRO is Large Cap Growth Equities. IUSB tracks Bloomberg U.S. Universal Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.06% for IUSB and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.39 vs 1.54), 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.