IXN vs. DGRO

Last updated Jun 5, 2026

IXN (iShares Global Tech ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector 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, IXN returned 25.31%/yr vs 13.34%/yr for DGRO. A 0.70 correlation means they provide meaningful diversification when combined. IXN charges 0.46%/yr vs 0.08%/yr for DGRO.

Performance

IXN vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Tech ETF (IXN) 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, IXN achieves a 39.02% return, which is significantly higher than DGRO's 9.64% return. Over the past 10 years, IXN has outperformed DGRO with an annualized return of 25.31%, while DGRO has yielded a comparatively lower 13.34% annualized return.

IXN

• 1D: -1.53%
• 1M: 16.82%
• YTD: 39.02%
• 6M: 39.11%
• 1Y: 71.20%
• 3Y*: 35.59%
• 5Y*: 22.87%
• 10Y*: 25.31%

DGRO

• 1D: 0.81%
• 1M: 3.27%
• YTD: 9.64%
• 6M: 9.87%
• 1Y: 23.89%
• 3Y*: 17.46%
• 5Y*: 10.72%
• 10Y*: 13.34%

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

IXN vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IXN iShares Global Tech ETF	39.02%	25.25%	24.84%	52.98%	-29.86%	29.58%	43.62%	47.88%	-5.44%	41.23%
DGRO iShares Core Dividend Growth ETF	9.64%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Correlation

The correlation between IXN and DGRO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jun 13, 2014	0.71

Over the past year, the correlation between IXN and DGRO has dropped to 0.39 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

IXN vs. DGRO - Sectors Allocation Comparison

Sectors	IXN	DGRO
Technology	99.3%	19.4%
Industrials	0.2%	10.8%
Energy	0.1%	5.6%
Healthcare	0.1%	16.4%
Real Estate	0.0%	-
Basic Materials	-	2.5%
Communication Services	-	0.1%
Consumer Cyclical	-	5.7%
Consumer Defensive	-	11.5%
Financial Services	-	21.2%
Utilities	-	6.9%

Return for Risk

IXN vs. DGRO — Risk / Return Rank

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

IXN

IXN Risk / Return Rank: 88
IXN Sharpe Ratio Rank: 92
IXN Sortino Ratio Rank: 88
IXN Omega Ratio Rank: 85
IXN Calmar Ratio Rank: 88
IXN Martin Ratio Rank: 86

DGRO

DGRO Risk / Return Rank: 78
DGRO Sharpe Ratio Rank: 79
DGRO Sortino Ratio Rank: 83
DGRO Omega Ratio Rank: 78
DGRO Calmar Ratio Rank: 75
DGRO Martin Ratio Rank: 76

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.

IXN vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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.

	IXN	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	3.25	2.53	+0.72
Sortino ratio: Return per unit of downside risk	3.98	3.68	+0.30
Omega ratio: Gain probability vs. loss probability	1.51	1.46	+0.05
Calmar ratio: Return relative to maximum drawdown	5.19	3.71	+1.48
Martin ratio: Return relative to average drawdown	17.87	14.33	+3.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IXN vs. DGRO - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 3.25, which is comparable to the DGRO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of IXN 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

	IXN	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.25	2.53	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.78	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.04	0.81	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.77	-0.23

Drawdowns

IXN vs. DGRO - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IXN and DGRO.

Drawdown Indicators

	IXN	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-55.67%	-35.10%	-20.57%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-6.47%	-7.33%
Max Drawdown (3Y) Largest decline over 3 years	-25.55%	-14.03%	-11.52%
Max Drawdown (5Y) Largest decline over 5 years	-36.30%	-19.31%	-16.99%
Max Drawdown (10Y) Largest decline over 10 years	-36.30%	-35.10%	-1.20%
Current Drawdown Current decline from peak	-2.52%	0.00%	-2.52%
Average Drawdown Average peak-to-trough decline	-11.27%	-3.44%	-7.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	1.67%	+2.33%

Volatility

IXN vs. DGRO - Volatility Comparison

iShares Global Tech ETF (IXN) has a higher volatility of 8.18% compared to iShares Core Dividend Growth ETF (DGRO) at 2.24%. This indicates that IXN'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

	IXN	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.18%	2.24%	+5.94%
Volatility (6M) Calculated over the trailing 6-month period	17.93%	6.94%	+10.99%
Volatility (1Y) Calculated over the trailing 1-year period	22.03%	9.49%	+12.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.84%	13.82%	+11.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.40%	16.62%	+7.78%

IXN vs. DGRO - Expense Ratio Comparison

IXN has a 0.46% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

IXN vs. DGRO - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.75%, less than DGRO's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.94%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
IXN iShares Global Tech ETF	0.75%	1.04%	0.43%	0.55%	0.81%	0.58%	0.63%	1.06%	0.94%	0.93%	1.03%	1.12%

Frequently Asked Questions

Can I hold both IXN and DGRO in my portfolio?

IXN and DGRO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IXN or DGRO?

IXN has higher volatility (8.18%) compared to DGRO (2.24%). In terms of maximum drawdown, IXN dropped -55.67% vs DGRO's -35.10%.

Which ETF is better, IXN or DGRO?

On 10-year performance, IXN leads with 25.31% vs 13.34% for DGRO. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IXN or DGRO?

Over the 10-year period, IXN has performed better with a 25.31% return vs 13.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IXN or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.46% for IXN.

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

DGRO has the higher dividend yield at 1.94%, compared with 0.75% for IXN.

What is the main difference between IXN and DGRO?

IXN is categorized as Technology Equities, while DGRO is Large Cap Growth Equities. IXN tracks S&P Global Information Technology Sector Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.46% for IXN and 0.08% for DGRO.

Which has better risk-adjusted returns?

IXN currently has the higher Sharpe Ratio (3.25 vs 2.53), 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.