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OXLCO vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OXLCO vs. DGRO

Last updated Jun 4, 2026

OXLCO (Oxford Lane Capital Corp.) is a stock, while DGRO (iShares Core Dividend Growth ETF) is Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 3 years, OXLCO returned 11.13%/yr vs 16.99%/yr for DGRO. At a 0.15 correlation, their price movements are largely independent.

Performance

OXLCO vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oxford Lane Capital Corp. (OXLCO) 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, OXLCO achieves a 6.30% return, which is significantly lower than DGRO's 8.76% return.

OXLCO

1D
0.42%
1M
2.98%
YTD
6.30%
6M
6.76%
1Y
12.91%
3Y*
11.13%
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)

OXLCO vs. DGRO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
OXLCO
Oxford Lane Capital Corp.		6.30%9.85%10.30%15.29%-12.19%2.91%
DGRO
iShares Core Dividend Growth ETF		8.76%15.69%16.62%10.47%-7.91%6.76%

Correlation

The correlation between OXLCO and DGRO is 0.05, 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 (1Y)
Calculated over the trailing 1-year period

0.05

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

0.10

Correlation (All Time)
Calculated using the full available price history since Aug 12, 2021

0.15

Compare stocks, funds, or ETFs

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Oxford Lane Capital Corp.

iShares Core Dividend Growth ETF

Often compared with OXLCO:
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Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

OXLCO vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OXLCO
OXLCO Risk / Return Rank: 8080
Overall Rank
OXLCO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
OXLCO Sortino Ratio Rank: 7575
Sortino Ratio Rank
OXLCO Omega Ratio Rank: 7777
Omega Ratio Rank
OXLCO Calmar Ratio Rank: 7878
Calmar Ratio Rank
OXLCO Martin Ratio Rank: 8989
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.

OXLCO vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oxford Lane Capital Corp. (OXLCO) 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.

OXLCODGRODifference
Sharpe ratioReturn per unit of total volatility
1.31
2.39

-1.08

Sortino ratioReturn per unit of downside risk
1.96
3.49

-1.53

Omega ratioGain probability vs. loss probability

1.28

1.43

-0.15

Calmar ratioReturn relative to maximum drawdown

2.46

3.50

-1.04

Martin ratioReturn relative to average drawdown

11.44

13.52

-2.08

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

OXLCO vs. DGRO - Sharpe Ratio Comparison

The current OXLCO Sharpe Ratio is 1.31, which is lower than the DGRO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of OXLCO 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

OXLCODGRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.31

2.39

-1.08

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

0.50

0.76

-0.27

Drawdowns

OXLCO vs. DGRO - Drawdown Comparison

The maximum OXLCO drawdown since its inception was -16.35%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for OXLCO and DGRO.

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Drawdown Indicators

OXLCODGRODifference

Max Drawdown

Largest peak-to-trough decline

-16.35%

-35.10%

+18.75%

Max Drawdown (1Y)

Largest decline over 1 year

-5.27%

-6.47%

+1.20%

Max Drawdown (3Y)

Largest decline over 3 years

-5.27%

-14.03%

+8.76%

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

-2.49%

-0.28%

-2.21%

Average Drawdown

Average peak-to-trough decline

-2.61%

-3.44%

+0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.13%

1.67%

-0.54%

Volatility

OXLCO vs. DGRO - Volatility Comparison

Oxford Lane Capital Corp. (OXLCO) has a higher volatility of 5.68% compared to iShares Core Dividend Growth ETF (DGRO) at 2.21%. This indicates that OXLCO'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.

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Volatility by Period

OXLCODGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.68%

2.21%

+3.47%

Volatility (6M)

Calculated over the trailing 6-month period

8.05%

6.91%

+1.14%

Volatility (1Y)

Calculated over the trailing 1-year period

9.90%

9.48%

+0.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.72%

13.82%

-1.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.72%

16.62%

-3.90%

Dividends

OXLCO vs. DGRO - Dividend Comparison

OXLCO's dividend yield for the trailing twelve months is around 6.19%, 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%
OXLCO
Oxford Lane Capital Corp.		6.19%6.41%6.60%6.81%7.32%2.26%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

OXLCO and DGRO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OXLCO has higher volatility (5.68%) compared to DGRO (2.21%). In terms of maximum drawdown, OXLCO dropped -16.35% vs DGRO's -35.10%.

DGRO currently has the higher Sharpe Ratio (2.39 vs 1.31), 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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