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QDIV vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QDIV vs. DGRO

Last updated Jun 24, 2026

QDIV (Global X S&P 500 Quality Dividend ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - QDIV is a Dividend fund tracking the S&P 500 Quality High Dividend Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 5 years, QDIV returned 6.89%/yr vs 11.00%/yr for DGRO. Their correlation of 0.88 suggests significant overlap in exposure. QDIV charges 0.20%/yr vs 0.08%/yr for DGRO.

Performance

QDIV vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Quality Dividend ETF (QDIV) 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, QDIV achieves a 7.99% return, which is significantly lower than DGRO's 9.19% return.

QDIV

1D
0.71%
1M
-0.97%
YTD
7.99%
6M
7.73%
1Y
13.66%
3Y*
9.64%
5Y*
6.89%
10Y*
—

DGRO

1D
0.32%
1M
0.80%
YTD
9.19%
6M
8.52%
1Y
22.22%
3Y*
16.92%
5Y*
11.00%
10Y*
13.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QDIV vs. DGRO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
QDIV
Global X S&P 500 Quality Dividend ETF		7.99%3.16%10.62%5.18%-0.50%28.99%0.03%29.00%-12.20%
DGRO
iShares Core Dividend Growth ETF		9.19%15.69%16.62%10.47%-7.91%26.64%9.50%29.87%-4.52%

Correlation

The correlation between QDIV and DGRO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

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

0.86

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Jul 17, 2018

0.88

The correlation between QDIV and DGRO has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

QDIV vs. DGRO - Sectors Allocation Comparison

Sectors
QDIV
DGRO

Consumer Defensive

22.0%
11.1%

Industrials

16.3%
10.4%

Healthcare

14.4%
16.5%

Energy

11.5%
5.1%

Technology

10.0%
22.0%

Basic Materials

8.6%
2.4%

Financial Services

7.0%
20.6%

Consumer Cyclical

6.7%
5.4%

Communication Services

3.5%
0.1%

Real Estate

-

-

Utilities

-

6.4%

Consumer Defensive

QDIV
22.0%
DGRO
11.1%

Industrials

QDIV
16.3%
DGRO
10.4%

Healthcare

QDIV
14.4%
DGRO
16.5%

Energy

QDIV
11.5%
DGRO
5.1%

Technology

QDIV
10.0%
DGRO
22.0%

Basic Materials

QDIV
8.6%
DGRO
2.4%

Financial Services

QDIV
7.0%
DGRO
20.6%

Consumer Cyclical

QDIV
6.7%
DGRO
5.4%

Communication Services

QDIV
3.5%
DGRO
0.1%

Real Estate

QDIV

-

DGRO

-

Utilities

QDIV

-

DGRO
6.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X S&P 500 Quality Dividend ETF

iShares Core Dividend Growth ETF

Often compared with QDIV:
QDIV vs. SCHDQDIV vs. DGRWQDIV vs. SPYQDIV vs. QQQQDIV vs. SPHDQDIV vs. USDV.LQDIV vs. DVY
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

QDIV vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QDIV
QDIV Risk / Return Rank: 3333
Overall Rank
QDIV Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
QDIV Sortino Ratio Rank: 3535
Sortino Ratio Rank
QDIV Omega Ratio Rank: 3131
Omega Ratio Rank
QDIV Calmar Ratio Rank: 3636
Calmar Ratio Rank
QDIV Martin Ratio Rank: 3131
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 7575
Overall Rank
DGRO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 8181
Sortino Ratio Rank
DGRO Omega Ratio Rank: 7575
Omega Ratio Rank
DGRO Calmar Ratio Rank: 7171
Calmar Ratio Rank
DGRO Martin Ratio Rank: 7373
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.

QDIV vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Quality Dividend ETF (QDIV) 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.

QDIVDGRODifference
Sharpe ratioReturn per unit of total volatility
1.14
2.35

-1.20

Sortino ratioReturn per unit of downside risk
1.77
3.41

-1.65

Omega ratioGain probability vs. loss probability

1.20

1.42

-0.22

Calmar ratioReturn relative to maximum drawdown

1.72

3.45

-1.73

Martin ratioReturn relative to average drawdown

4.31

13.31

-9.00

QDIV vs. DGRO - Sharpe Ratio Comparison

The current QDIV Sharpe Ratio is 1.14, which is lower than the DGRO Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of QDIV 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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Drawdowns

QDIV vs. DGRO - Drawdown Comparison

The maximum QDIV drawdown since its inception was -41.20%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for QDIV and DGRO.

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Drawdown Indicators

QDIVDGRODifference

Max Drawdown

Largest peak-to-trough decline

-41.20%

-35.10%

-6.10%

Max Drawdown (1Y)

Largest decline over 1 year

-7.97%

-6.47%

-1.50%

Max Drawdown (3Y)

Largest decline over 3 years

-16.81%

-14.03%

-2.78%

Max Drawdown (5Y)

Largest decline over 5 years

-18.52%

-19.31%

+0.79%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.10%

—

Current Drawdown

Current decline from peak

-4.15%

-0.90%

-3.25%

Average Drawdown

Average peak-to-trough decline

-5.53%

-3.43%

-2.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

1.67%

+1.50%

Volatility

QDIV vs. DGRO - Volatility Comparison

Global X S&P 500 Quality Dividend ETF (QDIV) has a higher volatility of 3.42% compared to iShares Core Dividend Growth ETF (DGRO) at 2.63%. This indicates that QDIV'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

QDIVDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.42%

2.63%

+0.79%

Volatility (6M)

Calculated over the trailing 6-month period

8.08%

6.94%

+1.14%

Volatility (1Y)

Calculated over the trailing 1-year period

12.00%

9.53%

+2.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.26%

13.80%

+1.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.38%

16.60%

+2.78%

QDIV vs. DGRO - Expense Ratio Comparison

QDIV has a 0.20% expense ratio, which is higher than DGRO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QDIV vs. DGRO - Dividend Comparison

QDIV's dividend yield for the trailing twelve months is around 3.00%, more than DGRO's 1.97% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.97%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
QDIV
Global X S&P 500 Quality Dividend ETF		3.00%3.13%2.88%3.26%3.02%2.44%3.06%2.84%1.30%0.00%0.00%0.00%

Frequently Asked Questions

QDIV and DGRO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QDIV has higher volatility (3.42%) compared to DGRO (2.63%). In terms of maximum drawdown, QDIV dropped -41.20% vs DGRO's -35.10%.

On 5-year performance, DGRO leads with 11.00% vs 6.89% for QDIV. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DGRO has performed better with a 11.00% return vs 6.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DGRO is cheaper with a 0.08% expense ratio, compared with 0.20% for QDIV.

QDIV has the higher dividend yield at 3.00%, compared with 1.97% for DGRO.

QDIV is categorized as Dividend, while DGRO is Large Cap Growth Equities. QDIV tracks S&P 500 Quality High Dividend Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.20% for QDIV and 0.08% for DGRO.

DGRO currently has the higher Sharpe Ratio (2.35 vs 1.14), 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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