TOPT vs. DGRO
Compare and contrast key facts about iShares Top 20 U.S. Stocks ETF (TOPT) and iShares Core Dividend Growth ETF (DGRO).
TOPT and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOPT is a passively managed fund by iShares that tracks the performance of the S&P 500 Top 20 Select Index. It was launched on Nov 23, 2024. 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. Both TOPT and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TOPT vs. DGRO - Performance Comparison
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TOPT vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TOPT iShares Top 20 U.S. Stocks ETF | -8.27% | 20.35% | 5.03% |
DGRO iShares Core Dividend Growth ETF | 1.57% | 15.69% | -1.91% |
Returns By Period
In the year-to-date period, TOPT achieves a -8.27% return, which is significantly lower than DGRO's 1.57% return.
TOPT
- 1D
- 3.55%
- 1M
- -4.51%
- YTD
- -8.27%
- 6M
- -5.85%
- 1Y
- 20.65%
- 3Y*
- —
- 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%
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TOPT vs. DGRO - Expense Ratio Comparison
TOPT 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%.
Return for Risk
TOPT vs. DGRO — Risk / Return Rank
TOPT
DGRO
TOPT vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Top 20 U.S. Stocks ETF (TOPT) 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.
| TOPT | DGRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.12 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.59 | 1.63 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.58 | +0.02 |
Martin ratioReturn relative to average drawdown | 5.87 | 7.35 | -1.48 |
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
| TOPT | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.12 | -0.11 |
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 | 0.54 | 0.73 | -0.19 |
Correlation
The correlation between TOPT and DGRO is 0.53, 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
TOPT vs. DGRO - Dividend Comparison
TOPT's dividend yield for the trailing twelve months is around 0.42%, less than DGRO's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOPT iShares Top 20 U.S. Stocks ETF | 0.42% | 0.38% | 0.08% | 0.00% | 0.00% | 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
TOPT vs. DGRO - Drawdown Comparison
The maximum TOPT drawdown since its inception was -21.21%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for TOPT and DGRO.
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Drawdown Indicators
| TOPT | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.21% | -35.10% | +13.89% |
Max Drawdown (1Y)Largest decline over 1 year | -13.13% | -10.92% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -10.05% | -4.73% | -5.32% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -3.48% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 2.35% | +1.24% |
Volatility
TOPT vs. DGRO - Volatility Comparison
iShares Top 20 U.S. Stocks ETF (TOPT) has a higher volatility of 5.86% compared to iShares Core Dividend Growth ETF (DGRO) at 3.66%. This indicates that TOPT'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
| TOPT | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 3.66% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 7.22% | +3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.69% | 14.50% | +6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.47% | 13.84% | +6.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.47% | 16.63% | +3.84% |