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LFEQ vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LFEQ vs. DGRO

Last updated Aug 2, 2026
Documentation

LFEQ (VanEck Long/Flat Trend ETF) and DGRO (iShares Core Dividend Growth ETF) are both Large Cap Growth Equities funds - LFEQ tracks the Ned Davis Research CMG US Large Cap Long/Flat Index - USD while DGRO tracks the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 5 years, LFEQ returned 8.90%/yr vs 11.08%/yr for DGRO. Their 0.79 correlation means they have sometimes moved together and sometimes differently. LFEQ charges 0.58%/yr vs 0.08%/yr for DGRO.

Performance

LFEQ vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Long/Flat Trend ETF (LFEQ) 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, LFEQ achieves a 9.84% return, which is significantly lower than DGRO's 13.39% return.

LFEQ

1D
0.87%
1M
0.35%
6M
8.40%
YTD
9.84%
1Y
20.95%
3Y*
15.35%
5Y*
8.90%
10Y*
—
ALL TIME*
11.53%

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

LFEQ

VanEck Long/Flat Trend ETF
$53.35K$94.32K$91.22K

LFEQ vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LFEQ
VanEck Long/Flat Trend ETF		9.84%10.49%24.30%19.66%-22.05%27.97%17.56%24.07%-5.55%5.48%
DGRO
iShares Core Dividend Growth ETF		13.39%15.69%16.62%10.47%-7.91%26.64%9.50%29.87%-2.38%6.95%

Correlation

The correlation between LFEQ and DGRO is 0.58, 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.

0.58

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

0.70

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

0.73

Correlation (All Time)
Calculated using the full available price history since Oct 5, 2017

0.79

Over the past year, the correlation between LFEQ and DGRO has dropped to 0.58 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

LFEQ vs. DGRO - Sectors Allocation Comparison

Sectors
LFEQ
DGRO

Technology

39.1%
17.3%

Financial Services

10.9%
20.4%

Communication Services

10.7%
0.1%

Consumer Cyclical

9.9%
6.5%

Healthcare

8.3%
17.9%

Industrials

7.8%
11.3%

Consumer Defensive

4.5%
11.9%

Energy

3.1%
4.8%

Utilities

2.1%
7.3%

Real Estate

1.8%

-

Basic Materials

1.7%
2.5%

Technology

LFEQ
39.1%
DGRO
17.3%

Financial Services

LFEQ
10.9%
DGRO
20.4%

Communication Services

LFEQ
10.7%
DGRO
0.1%

Consumer Cyclical

LFEQ
9.9%
DGRO
6.5%

Healthcare

LFEQ
8.3%
DGRO
17.9%

Industrials

LFEQ
7.8%
DGRO
11.3%

Consumer Defensive

LFEQ
4.5%
DGRO
11.9%

Energy

LFEQ
3.1%
DGRO
4.8%

Utilities

LFEQ
2.1%
DGRO
7.3%

Real Estate

LFEQ
1.8%
DGRO

-

Basic Materials

LFEQ
1.7%
DGRO
2.5%

Compare stocks, funds, or ETFs

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

VanEck Long/Flat Trend ETF

iShares Core Dividend Growth ETF

Often compared with LFEQ:
LFEQ vs. VOOLFEQ vs. MSTYLFEQ vs. FVLFEQ vs. SPYLFEQ vs. PTLCLFEQ vs. BDGSLFEQ vs. FTLS
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

LFEQ vs. DGRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
LFEQ
LFEQ Risk / Return Rank: 6464
Overall Rank
LFEQ Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
LFEQ Sortino Ratio Rank: 6262
Sortino Ratio Rank
LFEQ Omega Ratio Rank: 6262
Omega Ratio Rank
LFEQ Calmar Ratio Rank: 6161
Calmar Ratio Rank
LFEQ Martin Ratio Rank: 7373
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.

LFEQ vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Long/Flat Trend ETF (LFEQ) 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.

LFEQDGRODifference
Sharpe ratioReturn per unit of total volatility
1.50
2.44

-0.94

Sortino ratioReturn per unit of downside risk
2.09
3.55

-1.46

Omega ratioGain probability vs. loss probability

1.27

1.45

-0.18

Calmar ratioReturn relative to maximum drawdown

2.14

3.61

-1.47

Martin ratioReturn relative to average drawdown

9.09

14.07

-4.97

LFEQ vs. DGRO - Sharpe Ratio Comparison

The current LFEQ Sharpe Ratio is 1.50, which is lower than the DGRO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of LFEQ 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

LFEQ vs. DGRO - Drawdown Comparison

The maximum LFEQ drawdown since its inception was -35.19%, roughly equal to the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for LFEQ and DGRO.

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Drawdown Indicators

LFEQDGRODifference

Max Drawdown

Largest peak-to-trough decline

-35.19%

-35.10%

-0.09%

Max Drawdown (1Y)

Largest decline over 1 year

-8.98%

-6.47%

-2.51%

Max Drawdown (3Y)

Largest decline over 3 years

-18.97%

-14.03%

-4.94%

Max Drawdown (5Y)

Largest decline over 5 years

-25.55%

-19.31%

-6.24%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.10%

—

Current Drawdown

Current decline from peak

-1.31%

-1.35%

+0.04%

Average Drawdown

Average peak-to-trough decline

-6.08%

-3.41%

-2.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.11%

1.66%

+0.45%

Volatility

LFEQ vs. DGRO - Volatility Comparison

VanEck Long/Flat Trend ETF (LFEQ) has a higher volatility of 3.57% compared to iShares Core Dividend Growth ETF (DGRO) at 3.21%. This indicates that LFEQ'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

LFEQDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.57%

3.21%

+0.36%

Volatility (6M)

Calculated over the trailing 6-month period

10.08%

7.12%

+2.96%

Volatility (1Y)

Calculated over the trailing 1-year period

12.85%

9.61%

+3.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.47%

13.79%

+0.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.53%

16.58%

+0.95%

LFEQ vs. DGRO - Expense Ratio Comparison

LFEQ has a 0.58% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

LFEQ vs. DGRO - Dividend Comparison

LFEQ's dividend yield for the trailing twelve months is around 0.82%, 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%
LFEQ
VanEck Long/Flat Trend ETF		0.82%0.90%0.74%1.56%1.19%0.37%2.06%1.45%1.07%0.79%0.00%0.00%

Frequently Asked Questions

LFEQ and DGRO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LFEQ has higher volatility (3.57%) compared to DGRO (3.21%). In terms of maximum drawdown, LFEQ dropped -35.19% vs DGRO's -35.10%.

On 5-year performance, DGRO leads with 11.08% vs 8.90% for LFEQ. 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 5-year period, DGRO has performed better with a 11.08% return vs 8.90%. 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 0.58% for LFEQ.

DGRO has the higher dividend yield at 1.89%, compared with 0.82% for LFEQ.

LFEQ tracks Ned Davis Research CMG US Large Cap Long/Flat Index - USD, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.58% for LFEQ and 0.08% for DGRO.

DGRO currently has the higher Sharpe Ratio (2.44 vs 1.50), 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.

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