MBCE vs. DGRO
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. Their -0.18 correlation means they have often moved in opposite directions in the past. MBCE charges 1.14%/yr vs 0.08%/yr for DGRO.
Performance
MBCE vs. DGRO - Performance Comparison
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Returns By Period
MBCE
- 1D
- 1.09%
- 1M
- -6.79%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DGRO
- 1D
- 0.35%
- 1M
- 1.32%
- 6M
- 9.21%
- YTD
- 13.79%
- 1Y
- 24.64%
- 3Y*
- 17.09%
- 5Y*
- 11.15%
- 10Y*
- 13.38%
- ALL TIME*
- 12.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.57M | $103.25M | $110.55M | |
| $704.30K | $864.91K | $1.01M |
MBCE vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MBCE Monarch Blue Chips Elite Index ETF | -7.47% |
DGRO iShares Core Dividend Growth ETF | 4.33% |
Correlation
The correlation between MBCE and DGRO is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026 | -0.18 |
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Return for Risk
MBCE vs. DGRO — Risk / Return Rank
MBCE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DGRO
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.48 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.83 | — |
| Martin ratioReturn relative to average drawdown | — | 14.91 | — |
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Drawdowns
MBCE vs. DGRO - Drawdown Comparison
The maximum MBCE drawdown since its inception was -17.37%, 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.
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Drawdown Indicators
| MBCE | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.37% | -35.10% | +17.73% |
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 DrawdownCurrent decline from peak | -12.08% | -1.01% | -11.07% |
Average DrawdownAverage peak-to-trough decline | -6.11% | -3.41% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.66% | — |
Volatility
MBCE vs. DGRO - Volatility Comparison
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Volatility by Period
| MBCE | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.62% | 9.54% | +32.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.62% | 13.79% | +27.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.62% | 16.58% | +25.04% |
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 1.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
MBCE and DGRO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
DGRO is cheaper with a 0.08% expense ratio, compared with 1.14% for MBCE.
DGRO has the higher dividend yield at 1.89%, compared with 0.00% for MBCE.
MBCE tracks Monarch Blue Chips Elite Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: Monarch and iShares. Their fees differ too: 1.14% for MBCE and 0.08% for DGRO.
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