LEAD vs. DGRO
Compare and contrast key facts about Siren DIVCON Leaders Dividend ETF (LEAD) and iShares Core Dividend Growth ETF (DGRO).
LEAD and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LEAD is a passively managed fund by SRN Advisors that tracks the performance of the Siren DIVCON Leaders Dividend Index. It was launched on Jan 6, 2016. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both LEAD and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LEAD or DGRO.
Key characteristics
| LEAD | DGRO | |
|---|---|---|
| YTD Return | 6.09% | 9.10% |
| 1Y Return | 24.92% | 20.21% |
| 3Y Return (Ann) | 9.26% | 7.28% |
| 5Y Return (Ann) | 15.20% | 12.12% |
| Sharpe Ratio | 2.07 | 2.19 |
| Daily Std Dev | 12.86% | 9.83% |
| Max Drawdown | -32.19% | -35.10% |
| Current Drawdown | -2.58% | -0.05% |
Correlation
The correlation between LEAD and DGRO is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LEAD vs. DGRO - Performance Comparison
In the year-to-date period, LEAD achieves a 6.09% return, which is significantly lower than DGRO's 9.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LEAD vs. DGRO - Expense Ratio Comparison
LEAD has a 0.43% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
LEAD vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Leaders Dividend ETF (LEAD) 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.
Dividends
LEAD vs. DGRO - Dividend Comparison
LEAD's dividend yield for the trailing twelve months is around 1.07%, less than DGRO's 2.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LEAD Siren DIVCON Leaders Dividend ETF | 1.07% | 1.13% | 1.27% | 1.79% | 0.81% | 1.32% | 1.38% | 0.97% | 1.38% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.28% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
LEAD vs. DGRO - Drawdown Comparison
The maximum LEAD drawdown since its inception was -32.19%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for LEAD and DGRO. For additional features, visit the drawdowns tool.
Volatility
LEAD vs. DGRO - Volatility Comparison
Siren DIVCON Leaders Dividend ETF (LEAD) has a higher volatility of 3.36% compared to iShares Core Dividend Growth ETF (DGRO) at 2.27%. This indicates that LEAD'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.