VONG vs. DGRO

Last updated Jun 24, 2026

VONG (Vanguard Russell 1000 Growth ETF) and DGRO (iShares Core Dividend Growth ETF) are both Large Cap Growth Equities funds - VONG tracks the Russell 1000 Growth Index while DGRO tracks the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, VONG returned 18.39%/yr vs 13.62%/yr for DGRO. A 0.75 correlation means they provide meaningful diversification when combined. VONG charges 0.06%/yr vs 0.08%/yr for DGRO.

Performance

VONG vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 Growth ETF (VONG) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VONG achieves a 1.56% return, which is significantly lower than DGRO's 9.19% return. Over the past 10 years, VONG has outperformed DGRO with an annualized return of 18.39%, while DGRO has yielded a comparatively lower 13.62% annualized return.

VONG

• 1D: -1.57%
• 1M: -3.99%
• YTD: 1.56%
• 6M: 0.27%
• 1Y: 18.03%
• 3Y*: 21.88%
• 5Y*: 13.07%
• 10Y*: 18.39%

DGRO

• 1D: 0.32%
• 1M: 0.80%
• YTD: 9.19%
• 6M: 8.52%
• 1Y: 22.22%
• 3Y*: 16.92%
• 5Y*: 11.00%
• 10Y*: 13.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VONG vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VONG Vanguard Russell 1000 Growth ETF	1.56%	18.45%	33.20%	42.67%	-29.18%	27.60%	38.30%	36.06%	-1.53%	30.05%
DGRO iShares Core Dividend Growth ETF	9.19%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Correlation

The correlation between VONG and DGRO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014	0.75

Over the past year, the correlation between VONG and DGRO has dropped to 0.44 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

VONG vs. DGRO - Sectors Allocation Comparison

Sectors	VONG	DGRO
Technology	54.1%	22.0%
Consumer Cyclical	12.5%	5.4%
Communication Services	12.0%	0.1%
Healthcare	6.9%	16.5%
Industrials	4.9%	10.4%
Financial Services	4.8%	20.6%
Consumer Defensive	2.5%	11.1%
Utilities	1.0%	6.4%
Real Estate	0.4%	-
Energy	0.4%	5.1%
Basic Materials	0.3%	2.4%

Return for Risk

VONG vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VONG

VONG Risk / Return Rank: 29
VONG Sharpe Ratio Rank: 32
VONG Sortino Ratio Rank: 30
VONG Omega Ratio Rank: 30
VONG Calmar Ratio Rank: 24
VONG Martin Ratio Rank: 27

DGRO

DGRO Risk / Return Rank: 75
DGRO Sharpe Ratio Rank: 76
DGRO Sortino Ratio Rank: 81
DGRO Omega Ratio Rank: 75
DGRO Calmar Ratio Rank: 71
DGRO Martin Ratio Rank: 73

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.

VONG vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Growth ETF (VONG) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VONG	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.12	2.35	-1.23
Sortino ratio: Return per unit of downside risk	1.58	3.41	-1.84
Omega ratio: Gain probability vs. loss probability	1.20	1.42	-0.22
Calmar ratio: Return relative to maximum drawdown	1.12	3.45	-2.33
Martin ratio: Return relative to average drawdown	3.64	13.31	-9.67

VONG vs. DGRO - Sharpe Ratio Comparison

The current VONG Sharpe Ratio is 1.12, which is lower than the DGRO Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of VONG 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.

Drawdowns

VONG vs. DGRO - Drawdown Comparison

The maximum VONG drawdown since its inception was -32.72%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for VONG and DGRO.

Drawdown Indicators

	VONG	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-32.72%	-35.10%	+2.38%
Max Drawdown (1Y) Largest decline over 1 year	-16.23%	-6.47%	-9.76%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-14.03%	-9.24%
Max Drawdown (5Y) Largest decline over 5 years	-32.72%	-19.31%	-13.41%
Max Drawdown (10Y) Largest decline over 10 years	-32.72%	-35.10%	+2.38%
Current Drawdown Current decline from peak	-6.82%	-0.90%	-5.92%
Average Drawdown Average peak-to-trough decline	-4.88%	-3.43%	-1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.97%	1.67%	+3.30%

Volatility

VONG vs. DGRO - Volatility Comparison

Vanguard Russell 1000 Growth ETF (VONG) has a higher volatility of 6.04% compared to iShares Core Dividend Growth ETF (DGRO) at 2.63%. This indicates that VONG'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.

Volatility by Period

	VONG	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	2.63%	+3.41%
Volatility (6M) Calculated over the trailing 6-month period	12.59%	6.94%	+5.65%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	9.53%	+6.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.45%	13.80%	+7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	16.60%	+4.32%

VONG vs. DGRO - Expense Ratio Comparison

VONG has a 0.06% 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

VONG vs. DGRO - Dividend Comparison

VONG's dividend yield for the trailing twelve months is around 0.47%, less than DGRO's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.97%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
VONG Vanguard Russell 1000 Growth ETF	0.47%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%

Frequently Asked Questions

Can I hold both VONG and DGRO in my portfolio?

VONG and DGRO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VONG or DGRO?

VONG has higher volatility (6.04%) compared to DGRO (2.63%). In terms of maximum drawdown, VONG dropped -32.72% vs DGRO's -35.10%.

Which ETF is better, VONG or DGRO?

On 10-year performance, VONG leads with 18.39% vs 13.62% for DGRO. On fees, VONG is cheaper at 0.06% per year. On volatility, DGRO has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VONG or DGRO?

Over the 10-year period, VONG has performed better with a 18.39% return vs 13.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VONG or DGRO?

VONG is cheaper with a 0.06% expense ratio, compared with 0.08% for DGRO.

Which ETF pays a higher dividend yield, VONG or DGRO?

DGRO has the higher dividend yield at 1.97%, compared with 0.47% for VONG.

What is the main difference between VONG and DGRO?

VONG tracks Russell 1000 Growth Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.06% for VONG and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.35 vs 1.12), 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.