PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
THRO vs. DGRO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

THRO vs. DGRO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares U.S. Thematic Rotation Active ETF (THRO) and iShares Core Dividend Growth ETF (DGRO).

THRO and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THRO is an actively managed fund by iShares. It was launched on Dec 14, 2021. 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

THRO vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Thematic Rotation Active ETF (THRO) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

THRO vs. DGRO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
THRO
iShares U.S. Thematic Rotation Active ETF		-6.03%15.04%32.03%24.40%-17.85%2.14%
DGRO
iShares Core Dividend Growth ETF		1.57%15.69%16.62%10.47%-7.91%1.33%

Returns By Period

In the year-to-date period, THRO achieves a -6.03% return, which is significantly lower than DGRO's 1.57% return.

THRO

1D
3.19%
1M
-5.19%
YTD
-6.03%
6M
-4.26%
1Y
14.50%
3Y*
17.79%
5Y*
—
10Y*
—

DGRO

1D
1.74%
1M
-4.56%
YTD
1.57%
6M
4.23%
1Y
16.09%
3Y*
14.59%
5Y*
10.13%
10Y*
12.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

iShares U.S. Thematic Rotation Active ETF

iShares Core Dividend Growth ETF

Often compared with THRO:
THRO vs. DYNFTHRO vs. GRNYTHRO vs. SPYTHRO vs. VOOTHRO vs. QQQTHRO vs. COWGTHRO vs. SPMO
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

THRO vs. DGRO - Expense Ratio Comparison

THRO has a 0.60% expense ratio, which is higher than DGRO's 0.08% expense ratio.

THRO
iShares U.S. Thematic Rotation Active ETF
DGRO
iShares Core Dividend Growth ETF

Return for Risk

THRO vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
THRO
THRO Risk / Return Rank: 5252
Overall Rank
THRO Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
THRO Sortino Ratio Rank: 4949
Sortino Ratio Rank
THRO Omega Ratio Rank: 4949
Omega Ratio Rank
THRO Calmar Ratio Rank: 5757
Calmar Ratio Rank
THRO Martin Ratio Rank: 5858
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 6969
Overall Rank
DGRO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 6868
Sortino Ratio Rank
DGRO Omega Ratio Rank: 7070
Omega Ratio Rank
DGRO Calmar Ratio Rank: 6767
Calmar Ratio Rank
DGRO Martin Ratio Rank: 7575
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.

THRO vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Thematic Rotation Active ETF (THRO) 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.

THRODGRODifference

Sharpe ratio

Return per unit of total volatility

0.80

1.12

-0.32

Sortino ratio

Return per unit of downside risk

1.27

1.63

-0.36

Omega ratio

Gain probability vs. loss probability

1.18

1.24

-0.06

Calmar ratio

Return relative to maximum drawdown

1.38

1.58

-0.20

Martin ratio

Return relative to average drawdown

5.51

7.35

-1.84

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

THRO vs. DGRO - Sharpe Ratio Comparison

The current THRO Sharpe Ratio is 0.80, which is comparable to the DGRO Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of THRO 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.

Loading graphics...

Sharpe Ratios by Period

THRODGRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.80

1.12

-0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.74

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.77

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.73

-0.21

Correlation

The correlation between THRO and DGRO is 0.80, 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

THRO vs. DGRO - Dividend Comparison

THRO's dividend yield for the trailing twelve months is around 0.19%, less than DGRO's 2.10% yield.

TTM20252024202320222021202020192018201720162015
THRO
iShares U.S. Thematic Rotation Active ETF		0.19%0.15%0.73%0.55%0.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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

THRO vs. DGRO - Drawdown Comparison

The maximum THRO drawdown since its inception was -26.54%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for THRO and DGRO.

Loading graphics...

Drawdown Indicators

THRODGRODifference

Max Drawdown

Largest peak-to-trough decline

-26.54%

-35.10%

+8.56%

Max Drawdown (1Y)

Largest decline over 1 year

-10.97%

-10.92%

-0.05%

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

-8.03%

-4.73%

-3.30%

Average Drawdown

Average peak-to-trough decline

-6.92%

-3.48%

-3.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.74%

2.35%

+0.39%

Volatility

THRO vs. DGRO - Volatility Comparison

iShares U.S. Thematic Rotation Active ETF (THRO) has a higher volatility of 5.66% compared to iShares Core Dividend Growth ETF (DGRO) at 3.66%. This indicates that THRO'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.

Loading graphics...

Volatility by Period

THRODGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.66%

3.66%

+2.00%

Volatility (6M)

Calculated over the trailing 6-month period

10.33%

7.22%

+3.11%

Volatility (1Y)

Calculated over the trailing 1-year period

18.25%

14.50%

+3.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.89%

13.84%

+5.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.89%

16.63%

+2.26%