MNCEX vs. DGRO
Compare and contrast key facts about Mercer Non-US Core Equity Fund (MNCEX) and iShares Core Dividend Growth ETF (DGRO).
MNCEX is managed by Mercer Funds. It was launched on Aug 17, 2006. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNCEX or DGRO.
Key characteristics
| MNCEX | DGRO | |
|---|---|---|
| YTD Return | 11.97% | 20.57% |
| 1Y Return | 24.42% | 31.97% |
| 3Y Return (Ann) | -1.82% | 9.67% |
| 5Y Return (Ann) | 4.49% | 12.92% |
| Sharpe Ratio | 1.86 | 3.07 |
| Sortino Ratio | 2.57 | 4.26 |
| Omega Ratio | 1.33 | 1.56 |
| Calmar Ratio | 0.80 | 2.58 |
| Martin Ratio | 11.62 | 20.94 |
| Ulcer Index | 1.97% | 1.46% |
| Daily Std Dev | 12.29% | 9.97% |
| Max Drawdown | -39.91% | -35.10% |
| Current Drawdown | -8.68% | 0.00% |
Correlation
The correlation between MNCEX and DGRO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MNCEX vs. DGRO - Performance Comparison
In the year-to-date period, MNCEX achieves a 11.97% return, which is significantly lower than DGRO's 20.57% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MNCEX vs. DGRO - Expense Ratio Comparison
MNCEX has a 0.39% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
MNCEX vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer Non-US Core Equity Fund (MNCEX) 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.
Dividends
MNCEX vs. DGRO - Dividend Comparison
MNCEX's dividend yield for the trailing twelve months is around 3.22%, more than DGRO's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MNCEX Mercer Non-US Core Equity Fund | 3.22% | 3.60% | 0.56% | 3.10% | 1.52% | 1.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.16% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
MNCEX vs. DGRO - Drawdown Comparison
The maximum MNCEX drawdown since its inception was -39.91%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for MNCEX and DGRO. For additional features, visit the drawdowns tool.
Volatility
MNCEX vs. DGRO - Volatility Comparison
Mercer Non-US Core Equity Fund (MNCEX) has a higher volatility of 3.83% compared to iShares Core Dividend Growth ETF (DGRO) at 2.39%. This indicates that MNCEX'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.