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USIG vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USIG vs. DGRO

Last updated Jun 4, 2026

USIG (iShares Broad USD Investment Grade Corporate Bond ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - USIG is a Corporate Bonds fund tracking the ICE BofA US Corporate, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, USIG returned 2.63%/yr vs 13.30%/yr for DGRO. At a 0.11 correlation, their price movements are largely independent. USIG charges 0.04%/yr vs 0.08%/yr for DGRO.

Performance

USIG vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Broad USD Investment Grade Corporate Bond ETF (USIG) 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, USIG achieves a 0.56% return, which is significantly lower than DGRO's 8.76% return. Over the past 10 years, USIG has underperformed DGRO with an annualized return of 2.63%, while DGRO has yielded a comparatively higher 13.30% annualized return.

USIG

1D
-0.23%
1M
0.56%
YTD
0.56%
6M
0.37%
1Y
6.04%
3Y*
5.46%
5Y*
0.72%
10Y*
2.63%

DGRO

1D
-0.28%
1M
3.14%
YTD
8.76%
6M
8.75%
1Y
22.54%
3Y*
16.99%
5Y*
10.54%
10Y*
13.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USIG vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USIG
iShares Broad USD Investment Grade Corporate Bond ETF		0.56%7.86%2.56%8.71%-15.30%-1.34%9.44%13.99%-2.21%5.75%
DGRO
iShares Core Dividend Growth ETF		8.76%15.69%16.62%10.47%-7.91%26.64%9.50%29.87%-2.38%23.00%

Correlation

The correlation between USIG and DGRO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.34

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

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2014

0.11

Over the past year, USIG and DGRO have become more correlated (0.39) than their long-term average of 0.11, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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

iShares Broad USD Investment Grade Corporate Bond ETF

iShares Core Dividend Growth ETF

Often compared with USIG:
USIG vs. IGIBUSIG vs. VTCUSIG vs. USHYUSIG vs. VCITUSIG vs. SPBOUSIG vs. AGGUSIG vs. DFAPX
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

USIG vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USIG
USIG Risk / Return Rank: 4242
Overall Rank
USIG Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
USIG Sortino Ratio Rank: 4242
Sortino Ratio Rank
USIG Omega Ratio Rank: 3939
Omega Ratio Rank
USIG Calmar Ratio Rank: 4444
Calmar Ratio Rank
USIG Martin Ratio Rank: 4343
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 7171
Overall Rank
DGRO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 7676
Sortino Ratio Rank
DGRO Omega Ratio Rank: 7070
Omega Ratio Rank
DGRO Calmar Ratio Rank: 6969
Calmar Ratio Rank
DGRO Martin Ratio Rank: 7171
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.

USIG vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) 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.

USIGDGRODifference
Sharpe ratioReturn per unit of total volatility
1.47
2.39

-0.92

Sortino ratioReturn per unit of downside risk
2.16
3.49

-1.33

Omega ratioGain probability vs. loss probability

1.26

1.43

-0.18

Calmar ratioReturn relative to maximum drawdown

2.17

3.50

-1.33

Martin ratioReturn relative to average drawdown

7.07

13.52

-6.45

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

USIG vs. DGRO - Sharpe Ratio Comparison

The current USIG Sharpe Ratio is 1.47, which is lower than the DGRO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of USIG 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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Sharpe Ratios by Period

USIGDGRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.47

2.39

-0.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.11

0.77

-0.66

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

0.80

-0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.76

-0.23

Drawdowns

USIG vs. DGRO - Drawdown Comparison

The maximum USIG drawdown since its inception was -22.21%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for USIG and DGRO.

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Drawdown Indicators

USIGDGRODifference

Max Drawdown

Largest peak-to-trough decline

-22.21%

-35.10%

+12.89%

Max Drawdown (1Y)

Largest decline over 1 year

-2.79%

-6.47%

+3.68%

Max Drawdown (3Y)

Largest decline over 3 years

-6.10%

-14.03%

+7.93%

Max Drawdown (5Y)

Largest decline over 5 years

-21.45%

-19.31%

-2.14%

Max Drawdown (10Y)

Largest decline over 10 years

-21.45%

-35.10%

+13.65%

Current Drawdown

Current decline from peak

-0.97%

-0.28%

-0.69%

Average Drawdown

Average peak-to-trough decline

-3.42%

-3.44%

+0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.86%

1.67%

-0.81%

Volatility

USIG vs. DGRO - Volatility Comparison

The current volatility for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is 1.27%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.21%. This indicates that USIG 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

USIGDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.27%

2.21%

-0.94%

Volatility (6M)

Calculated over the trailing 6-month period

3.04%

6.91%

-3.87%

Volatility (1Y)

Calculated over the trailing 1-year period

4.13%

9.48%

-5.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.82%

13.82%

-7.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.82%

16.62%

-9.80%

USIG vs. DGRO - Expense Ratio Comparison

USIG has a 0.04% expense ratio, which is lower than DGRO's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

USIG vs. DGRO - Dividend Comparison

USIG's dividend yield for the trailing twelve months is around 4.74%, more than DGRO's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.96%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
USIG
iShares Broad USD Investment Grade Corporate Bond ETF		4.74%4.62%4.51%3.94%3.14%2.33%2.82%3.37%3.44%3.03%2.87%3.24%

Frequently Asked Questions

USIG and DGRO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DGRO has higher volatility (2.21%) compared to USIG (1.27%). In terms of maximum drawdown, USIG dropped -22.21% vs DGRO's -35.10%.

On 10-year performance, DGRO leads with 13.30% vs 2.63% for USIG. On fees, USIG is cheaper at 0.04% per year. On volatility, USIG has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DGRO has performed better with a 13.30% return vs 2.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USIG is cheaper with a 0.04% expense ratio, compared with 0.08% for DGRO.

USIG has the higher dividend yield at 4.74%, compared with 1.96% for DGRO.

USIG is categorized as Corporate Bonds, while DGRO is Large Cap Growth Equities. USIG tracks ICE BofA US Corporate, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.04% for USIG and 0.08% for DGRO.

DGRO currently has the higher Sharpe Ratio (2.39 vs 1.47), 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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