MBBA vs. DGRO

Last updated Jun 4, 2026

MBBA (iShares Mortgage-Backed Securities Active ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - MBBA is a Mortgage Backed Securities fund actively managed by iShares, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. MBBA is actively managed, while DGRO is passively managed. At a 0.46 correlation, their price movements are largely independent. MBBA charges 0.25%/yr vs 0.08%/yr for DGRO.

Performance

MBBA vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Mortgage-Backed Securities Active ETF (MBBA) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MBBA

• 1D: -0.16%
• 1M: 0.53%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

MBBA vs. DGRO - Yearly Performance Comparison

	2026 (YTD)
MBBA iShares Mortgage-Backed Securities Active ETF	0.64%
DGRO iShares Core Dividend Growth ETF	5.49%

Correlation

The correlation between MBBA and DGRO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	0.46

Return for Risk

MBBA vs. DGRO — Risk / Return Rank

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

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.

MBBA vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Mortgage-Backed Securities Active ETF (MBBA) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MBBA	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.76	-0.37

Drawdowns

MBBA vs. DGRO - Drawdown Comparison

The maximum MBBA drawdown since its inception was -2.83%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for MBBA and DGRO.

Drawdown Indicators

	MBBA	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-2.83%	-35.10%	+32.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.10%	—
Current Drawdown Current decline from peak	-1.17%	-0.28%	-0.89%
Average Drawdown Average peak-to-trough decline	-1.12%	-3.44%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.67%	—

Volatility

Volatility by Period

	MBBA	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.66%	9.48%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.66%	13.82%	-9.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.66%	16.62%	-11.96%

MBBA vs. DGRO - Expense Ratio Comparison

MBBA has a 0.25% expense ratio, which is higher than DGRO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MBBA vs. DGRO - Dividend Comparison

MBBA's dividend yield for the trailing twelve months is around 1.84%, less 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%
MBBA iShares Mortgage-Backed Securities Active ETF	1.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MBBA and DGRO in my portfolio?

MBBA and DGRO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MBBA or DGRO?

On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MBBA or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.25% for MBBA.

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

DGRO has the higher dividend yield at 1.96%, compared with 1.84% for MBBA.

What is the main difference between MBBA and DGRO?

MBBA is categorized as Mortgage Backed Securities, while DGRO is Large Cap Growth Equities. Their fees differ too: 0.25% for MBBA and 0.08% for DGRO.