PRSGX vs. DGRO

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Spectrum Diversified Equity Fund (PRSGX) and iShares Core Dividend Growth ETF (DGRO).

PRSGX is managed by T. Rowe Price. It was launched on Jun 29, 1990. 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.

Performance

PRSGX vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Spectrum Diversified Equity Fund (PRSGX) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

PRSGX vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRSGX T. Rowe Price Spectrum Diversified Equity Fund	-3.94%	33.73%	17.16%	20.89%	-18.86%	20.65%	18.34%	27.08%	-8.66%	24.22%
DGRO iShares Core Dividend Growth ETF	1.60%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Returns By Period

In the year-to-date period, PRSGX achieves a -3.94% return, which is significantly lower than DGRO's 1.60% return. Both investments have delivered pretty close results over the past 10 years, with PRSGX having a 12.52% annualized return and DGRO not far ahead at 12.81%.

PRSGX

• 1D: 2.87%
• 1M: -5.61%
• YTD: -3.94%
• 6M: 14.22%
• 1Y: 31.40%
• 3Y*: 19.90%
• 5Y*: 10.54%
• 10Y*: 12.52%

DGRO

• 1D: 0.03%
• 1M: -4.46%
• YTD: 1.60%
• 6M: 3.88%
• 1Y: 16.44%
• 3Y*: 14.60%
• 5Y*: 10.14%
• 10Y*: 12.81%

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

PRSGX vs. DGRO - Expense Ratio Comparison

PRSGX has a 0.73% expense ratio, which is higher than DGRO's 0.08% expense ratio.

PRSGX

T. Rowe Price Spectrum Diversified Equity Fund

DGRO

iShares Core Dividend Growth ETF

Return for Risk

PRSGX vs. DGRO — Risk / Return Rank

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

PRSGX

PRSGX Risk / Return Rank: 86
PRSGX Sharpe Ratio Rank: 72
PRSGX Sortino Ratio Rank: 91
PRSGX Omega Ratio Rank: 89
PRSGX Calmar Ratio Rank: 86
PRSGX Martin Ratio Rank: 90

DGRO

DGRO Risk / Return Rank: 63
DGRO Sharpe Ratio Rank: 63
DGRO Sortino Ratio Rank: 63
DGRO Omega Ratio Rank: 66
DGRO Calmar Ratio Rank: 56
DGRO Martin Ratio Rank: 65

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.

PRSGX vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Diversified Equity Fund (PRSGX) 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.

	PRSGX	DGRO	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.14	+0.19
Sortino ratio Return per unit of downside risk	2.66	1.66	+1.00
Omega ratio Gain probability vs. loss probability	1.40	1.25	+0.15
Calmar ratio Return relative to maximum drawdown	2.27	1.48	+0.80
Martin ratio Return relative to average drawdown	10.47	6.80	+3.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRSGX vs. DGRO - Sharpe Ratio Comparison

The current PRSGX Sharpe Ratio is 1.33, which is comparable to the DGRO Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of PRSGX and DGRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PRSGX	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.14	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.74	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.77	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.73	-0.16

Correlation

The correlation between PRSGX and DGRO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PRSGX vs. DGRO - Dividend Comparison

PRSGX's dividend yield for the trailing twelve months is around 30.60%, more than DGRO's 2.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRSGX T. Rowe Price Spectrum Diversified Equity Fund	30.60%	29.40%	6.66%	4.93%	10.33%	6.54%	13.48%	9.06%	11.25%	6.98%	6.39%	11.48%
DGRO iShares Core Dividend Growth ETF	2.10%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%

Drawdowns

PRSGX vs. DGRO - Drawdown Comparison

The maximum PRSGX drawdown since its inception was -56.47%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for PRSGX and DGRO.

Drawdown Indicators

	PRSGX	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-56.47%	-35.10%	-21.37%
Max Drawdown (1Y) Largest decline over 1 year	-11.99%	-10.92%	-1.07%
Max Drawdown (5Y) Largest decline over 5 years	-26.86%	-19.31%	-7.55%
Max Drawdown (10Y) Largest decline over 10 years	-34.52%	-35.10%	+0.58%
Current Drawdown Current decline from peak	-6.27%	-4.70%	-1.57%
Average Drawdown Average peak-to-trough decline	-7.49%	-3.48%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.37%	+0.53%

Volatility

PRSGX vs. DGRO - Volatility Comparison

T. Rowe Price Spectrum Diversified Equity Fund (PRSGX) has a higher volatility of 5.51% compared to iShares Core Dividend Growth ETF (DGRO) at 3.57%. This indicates that PRSGX'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.

Volatility by Period

	PRSGX	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	3.57%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	18.36%	7.21%	+11.15%
Volatility (1Y) Calculated over the trailing 1-year period	24.75%	14.47%	+10.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.78%	13.84%	+3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	16.63%	+1.40%