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MBB vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MBB vs. DGRO

Last updated Jun 4, 2026

MBB (iShares MBS Bond ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - MBB is a Mortgage Backed Securities fund tracking the Barclays Capital U.S. MBS 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, MBB returned 1.30%/yr vs 13.30%/yr for DGRO. At a 0.02 correlation, their price movements are largely independent. MBB charges 0.06%/yr vs 0.08%/yr for DGRO.

Performance

MBB vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MBS Bond ETF (MBB) 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, MBB achieves a 0.58% return, which is significantly lower than DGRO's 8.76% return. Over the past 10 years, MBB has underperformed DGRO with an annualized return of 1.30%, while DGRO has yielded a comparatively higher 13.30% annualized return.

MBB

1D
-0.23%
1M
0.31%
YTD
0.58%
6M
0.71%
1Y
6.76%
3Y*
4.36%
5Y*
0.34%
10Y*
1.30%

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)

MBB vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MBB
iShares MBS Bond ETF		0.58%8.38%1.31%5.01%-11.74%-1.43%4.08%6.18%0.82%2.49%
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 MBB and DGRO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (10Y)
Calculated over the trailing 10-year period

0.07

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2014

0.02

Over the past year, MBB and DGRO have become more correlated (0.32) than their long-term average of 0.02, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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

iShares MBS Bond ETF

iShares Core Dividend Growth ETF

Often compared with MBB:
MBB vs. IEFMBB vs. MBSDMBB vs. USMVMBB vs. AGGMBB vs. FLIAMBB vs. CMFMBB vs. NUBD
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

MBB vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MBB
MBB Risk / Return Rank: 4444
Overall Rank
MBB Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
MBB Sortino Ratio Rank: 4343
Sortino Ratio Rank
MBB Omega Ratio Rank: 4141
Omega Ratio Rank
MBB Calmar Ratio Rank: 4646
Calmar Ratio Rank
MBB Martin Ratio Rank: 4646
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 7171
Overall Rank
DGRO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 7676
Sortino Ratio Rank
DGRO Omega Ratio Rank: 7070
Omega Ratio Rank
DGRO Calmar Ratio Rank: 6969
Calmar Ratio Rank
DGRO Martin Ratio Rank: 7171
Martin Ratio Rank
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.

MBB vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MBS Bond ETF (MBB) 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.

MBBDGRODifference
Sharpe ratioReturn per unit of total volatility
1.51
2.39

-0.89

Sortino ratioReturn per unit of downside risk
2.22
3.49

-1.27

Omega ratioGain probability vs. loss probability

1.27

1.43

-0.16

Calmar ratioReturn relative to maximum drawdown

2.31

3.50

-1.19

Martin ratioReturn relative to average drawdown

7.64

13.52

-5.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBB vs. DGRO - Sharpe Ratio Comparison

The current MBB Sharpe Ratio is 1.51, which is lower than the DGRO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of MBB 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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Sharpe Ratios by Period

MBBDGRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.51

2.39

-0.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

0.77

-0.72

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.25

0.80

-0.56

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.76

-0.18

Drawdowns

MBB vs. DGRO - Drawdown Comparison

The maximum MBB drawdown since its inception was -17.64%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for MBB and DGRO.

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Drawdown Indicators

MBBDGRODifference

Max Drawdown

Largest peak-to-trough decline

-17.64%

-35.10%

+17.46%

Max Drawdown (1Y)

Largest decline over 1 year

-2.94%

-6.47%

+3.53%

Max Drawdown (3Y)

Largest decline over 3 years

-7.68%

-14.03%

+6.35%

Max Drawdown (5Y)

Largest decline over 5 years

-17.19%

-19.31%

+2.12%

Max Drawdown (10Y)

Largest decline over 10 years

-17.64%

-35.10%

+17.46%

Current Drawdown

Current decline from peak

-1.52%

-0.28%

-1.24%

Average Drawdown

Average peak-to-trough decline

-2.35%

-3.44%

+1.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.89%

1.67%

-0.78%

Volatility

MBB vs. DGRO - Volatility Comparison

The current volatility for iShares MBS Bond ETF (MBB) is 1.59%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.21%. This indicates that MBB 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.

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Volatility by Period

MBBDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.59%

2.21%

-0.62%

Volatility (6M)

Calculated over the trailing 6-month period

3.23%

6.91%

-3.68%

Volatility (1Y)

Calculated over the trailing 1-year period

4.51%

9.48%

-4.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.81%

13.82%

-7.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.31%

16.62%

-11.31%

MBB vs. DGRO - Expense Ratio Comparison

MBB 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

MBB vs. DGRO - Dividend Comparison

MBB's dividend yield for the trailing twelve months is around 4.28%, more than DGRO's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
MBB
iShares MBS Bond ETF		4.28%4.21%3.94%3.40%2.31%1.05%2.10%2.77%2.64%2.23%2.58%2.66%

Frequently Asked Questions

MBB and DGRO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DGRO has higher volatility (2.21%) compared to MBB (1.59%). In terms of maximum drawdown, MBB dropped -17.64% vs DGRO's -35.10%.

On 10-year performance, DGRO leads with 13.30% vs 1.30% for MBB. On fees, MBB is cheaper at 0.06% per year. On volatility, MBB has been the lower-risk option at 1.59%. 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 13.30% return vs 1.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

MBB has the higher dividend yield at 4.28%, compared with 1.96% for DGRO.

MBB is categorized as Mortgage Backed Securities, while DGRO is Large Cap Growth Equities. MBB tracks Barclays Capital U.S. MBS Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.06% for MBB and 0.08% for DGRO.

DGRO currently has the higher Sharpe Ratio (2.39 vs 1.51), 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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