MBCE vs. DGRO

Last updated Jun 25, 2026

MBCE (Monarch Blue Chips Elite Index ETF) and DGRO (iShares Core Dividend Growth ETF) are both Large Cap Growth Equities funds - MBCE tracks the Monarch Blue Chips Elite Index while DGRO tracks the Morningstar US Dividend Growth Index. Both are passively managed. At a 0.08 correlation, their price movements are largely independent. MBCE charges 1.14%/yr vs 0.08%/yr for DGRO.

Performance

MBCE vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Blue Chips Elite Index ETF (MBCE) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MBCE

• 1D: 0.03%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DGRO

• 1D: 0.16%
• 1M: 0.96%
• YTD: 9.37%
• 6M: 8.18%
• 1Y: 21.50%
• 3Y*: 16.99%
• 5Y*: 10.89%
• 10Y*: 13.64%

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

MBCE vs. DGRO - Yearly Performance Comparison

	2026 (YTD)
MBCE Monarch Blue Chips Elite Index ETF	-1.39%
DGRO iShares Core Dividend Growth ETF	0.28%

Correlation

The correlation between MBCE and DGRO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026	0.08

Return for Risk

MBCE vs. DGRO — Risk / Return Rank

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

MBCE

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

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: 73
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.

MBCE vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Blue Chips Elite Index ETF (MBCE) 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.

	MBCE	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.28	—
Sortino ratio: Return per unit of downside risk	—	3.32	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	3.34	—
Martin ratio: Return relative to average drawdown	—	12.88	—

Drawdowns

MBCE vs. DGRO - Drawdown Comparison

The maximum MBCE drawdown since its inception was -7.04%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for MBCE and DGRO.

Drawdown Indicators

	MBCE	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-7.04%	-35.10%	+28.06%
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	-4.72%	-0.74%	-3.98%
Average Drawdown Average peak-to-trough decline	-2.88%	-3.43%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.67%	—

Volatility

Volatility by Period

	MBCE	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	47.69%	9.51%	+38.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.69%	13.79%	+33.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.69%	16.59%	+31.10%

MBCE vs. DGRO - Expense Ratio Comparison

MBCE has a 1.14% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

MBCE vs. DGRO - Dividend Comparison

MBCE has not paid dividends to shareholders, while DGRO's dividend yield for the trailing twelve months is around 1.96%.

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%
MBCE Monarch Blue Chips Elite Index ETF	0.00%	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 MBCE and DGRO in my portfolio?

MBCE and DGRO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MBCE 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, MBCE or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 1.14% for MBCE.

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

DGRO has the higher dividend yield at 1.96%, compared with 0.00% for MBCE.

What is the main difference between MBCE and DGRO?

MBCE tracks Monarch Blue Chips Elite Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: Kingsview Partners LLC and iShares. Their fees differ too: 1.14% for MBCE and 0.08% for DGRO.