VGWD.DE vs. DGRO
VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - VGWD.DE is a Global Equities fund tracking the FTSE All-World High Dividend Yield 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, VGWD.DE returned 11.49%/yr vs 11.75%/yr for DGRO. A 0.57 correlation means they provide meaningful diversification when combined. VGWD.DE charges 0.29%/yr vs 0.08%/yr for DGRO.
Performance
VGWD.DE vs. DGRO - Performance Comparison
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Different Trading Currencies
VGWD.DE is traded in EUR, while DGRO is traded in USD. To make them comparable, the DGRO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGWD.DE achieves a 12.49% return, which is significantly higher than DGRO's 10.89% return.
VGWD.DE
- 1D
- 0.19%
- 1M
- 3.35%
- YTD
- 12.49%
- 6M
- 14.15%
- 1Y
- 25.00%
- 3Y*
- 15.87%
- 5Y*
- 11.49%
- 10Y*
- —
DGRO
- 1D
- 0.67%
- 1M
- 3.96%
- YTD
- 10.89%
- 6M
- 10.16%
- 1Y
- 21.81%
- 3Y*
- 14.33%
- 5Y*
- 11.75%
- 10Y*
- 13.09%
VGWD.DE vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 12.49% | 13.16% | 15.75% | 7.29% | 0.08% | 27.90% | -9.60% | 25.03% | -8.03% | 1.24% |
DGRO iShares Core Dividend Growth ETF | 10.89% | 1.96% | 24.32% | 7.16% | -2.20% | 36.12% | 0.47% | 32.80% | 2.20% | 2.00% |
Correlation
The correlation between VGWD.DE and DGRO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.57 |
The correlation between VGWD.DE and DGRO has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
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Return for Risk
VGWD.DE vs. DGRO — Risk / Return Rank
VGWD.DE
DGRO
VGWD.DE vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) 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.
| VGWD.DE | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.39 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 4.23 | +0.05 |
| Martin ratioReturn relative to average drawdown | 16.37 | 14.90 | +1.46 |
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
| VGWD.DE | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | 2.17 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.85 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.79 | -0.15 |
Drawdowns
VGWD.DE vs. DGRO - Drawdown Comparison
The maximum VGWD.DE drawdown since its inception was -34.57%, roughly equal to the maximum DGRO drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for VGWD.DE and DGRO.
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Drawdown Indicators
| VGWD.DE | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.57% | -34.35% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -5.18% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -19.19% | +2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | -19.19% | +2.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.35% | — |
Current DrawdownCurrent decline from peak | -0.32% | 0.00% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -4.32% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.47% | +0.05% |
Volatility
VGWD.DE vs. DGRO - Volatility Comparison
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) and iShares Core Dividend Growth ETF (DGRO) have volatilities of 2.33% and 2.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGWD.DE | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 2.36% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 7.26% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.21% | 10.11% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.52% | 13.94% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 17.31% | -3.08% |
VGWD.DE vs. DGRO - Expense Ratio Comparison
VGWD.DE has a 0.29% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
VGWD.DE vs. DGRO - Dividend Comparison
VGWD.DE's dividend yield for the trailing twelve months is around 2.49%, more than DGRO's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.94% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.49% | 2.84% | 3.05% | 3.39% | 3.78% | 3.03% | 3.08% | 3.21% | 3.70% | 0.58% | 0.00% | 0.00% |
Frequently Asked Questions
VGWD.DE and DGRO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DGRO is cheaper with a 0.08% expense ratio, compared with 0.29% for VGWD.DE.
VGWD.DE is categorized as Global Equities, while DGRO is Large Cap Growth Equities. VGWD.DE tracks FTSE All-World High Dividend Yield index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VGWD.DE and 0.08% for DGRO.
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