SPHIX vs. DGRO
Compare and contrast key facts about Fidelity High Income Fund (SPHIX) and iShares Core Dividend Growth ETF (DGRO).
SPHIX is managed by Fidelity. It was launched on Aug 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
SPHIX vs. DGRO - Performance Comparison
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SPHIX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPHIX Fidelity High Income Fund | -0.23% | 9.85% | 9.57% | 10.99% | -13.08% | 3.55% | 2.47% | 14.27% | -2.39% | 8.60% |
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, SPHIX achieves a -0.23% return, which is significantly lower than DGRO's 1.60% return. Over the past 10 years, SPHIX has underperformed DGRO with an annualized return of 5.33%, while DGRO has yielded a comparatively higher 12.81% annualized return.
SPHIX
- 1D
- 0.63%
- 1M
- -1.60%
- YTD
- -0.23%
- 6M
- 1.08%
- 1Y
- 8.43%
- 3Y*
- 9.03%
- 5Y*
- 3.82%
- 10Y*
- 5.33%
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%
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SPHIX vs. DGRO - Expense Ratio Comparison
SPHIX has a 0.70% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Return for Risk
SPHIX vs. DGRO — Risk / Return Rank
SPHIX
DGRO
SPHIX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) 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.
| SPHIX | DGRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.20 | 1.14 | +1.06 |
Sortino ratioReturn per unit of downside risk | 3.10 | 1.66 | +1.44 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.25 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | 1.48 | +1.24 |
Martin ratioReturn relative to average drawdown | 11.81 | 6.80 | +5.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPHIX | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 1.14 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.74 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.77 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 0.73 | +0.71 |
Correlation
The correlation between SPHIX and DGRO is 0.44, 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.
Dividends
SPHIX vs. DGRO - Dividend Comparison
SPHIX's dividend yield for the trailing twelve months is around 5.97%, more than DGRO's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHIX Fidelity High Income Fund | 5.97% | 6.43% | 6.10% | 5.41% | 3.91% | 4.07% | 4.71% | 5.10% | 6.02% | 5.40% | 6.07% | 5.59% |
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
SPHIX vs. DGRO - Drawdown Comparison
The maximum SPHIX drawdown since its inception was -31.36%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for SPHIX and DGRO.
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Drawdown Indicators
| SPHIX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.36% | -35.10% | +3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -10.92% | +7.61% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -19.31% | +2.85% |
Max Drawdown (10Y)Largest decline over 10 years | -22.44% | -35.10% | +12.66% |
Current DrawdownCurrent decline from peak | -1.72% | -4.70% | +2.98% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -3.48% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.37% | -1.61% |
Volatility
SPHIX vs. DGRO - Volatility Comparison
The current volatility for Fidelity High Income Fund (SPHIX) is 1.52%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.57%. This indicates that SPHIX experiences smaller price fluctuations and is considered to be less risky 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
| SPHIX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 3.57% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 7.21% | -4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 14.47% | -10.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 13.84% | -8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 16.63% | -10.84% |