VTI vs. DGRO

Last updated Jul 21, 2026

VTI (Vanguard Total Stock Market ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index, 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, VTI returned 14.48%/yr vs 13.13%/yr for DGRO. Their correlation of 0.89 suggests significant overlap in exposure. VTI charges 0.03%/yr vs 0.08%/yr for DGRO.

Performance

VTI vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Stock Market ETF (VTI) 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, VTI achieves a 9.90% return, which is significantly lower than DGRO's 11.48% return. Over the past 10 years, VTI has outperformed DGRO with an annualized return of 14.48%, while DGRO has yielded a comparatively lower 13.13% annualized return.

VTI

• 1D: -0.21%
• 1M: -0.73%
• 6M: 7.78%
• YTD: 9.90%
• 1Y: 19.88%
• 3Y*: 19.10%
• 5Y*: 11.79%
• 10Y*: 14.48%
• ALL TIME*: 9.57%

DGRO

• 1D: -0.58%
• 1M: 2.50%
• 6M: 8.20%
• YTD: 11.48%
• 1Y: 20.92%
• 3Y*: 15.71%
• 5Y*: 10.91%
• 10Y*: 13.13%
• ALL TIME*: 12.34%

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

VTI vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTI Vanguard Total Stock Market ETF	9.90%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%
DGRO iShares Core Dividend Growth ETF	11.48%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Correlation

The correlation between VTI 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	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014	0.89

Over the past year, the correlation between VTI and DGRO has dropped to 0.63 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

VTI vs. DGRO - Sectors Allocation Comparison

Sectors	VTI	DGRO
Technology	36.1%	17.3%
Financial Services	11.8%	20.4%
Industrials	10.2%	11.3%
Healthcare	9.7%	17.9%
Consumer Cyclical	9.4%	6.5%
Communication Services	9.1%	0.1%
Consumer Defensive	4.3%	11.9%
Energy	3.2%	4.8%
Real Estate	2.3%	-
Utilities	2.2%	7.3%
Basic Materials	1.9%	2.5%

Return for Risk

VTI vs. DGRO — Risk / Return Rank

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

VTI

VTI Risk / Return Rank: 64
VTI Sharpe Ratio Rank: 63
VTI Sortino Ratio Rank: 61
VTI Omega Ratio Rank: 61
VTI Calmar Ratio Rank: 60
VTI Martin Ratio Rank: 73

DGRO

DGRO Risk / Return Rank: 86
DGRO Sharpe Ratio Rank: 88
DGRO Sortino Ratio Rank: 89
DGRO Omega Ratio Rank: 87
DGRO Calmar Ratio Rank: 82
DGRO Martin Ratio Rank: 85

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.

VTI vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market ETF (VTI) 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.

	VTI	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.20	-0.65
Sortino ratio: Return per unit of downside risk	2.16	3.23	-1.06
Omega ratio: Gain probability vs. loss probability	1.28	1.40	-0.12
Calmar ratio: Return relative to maximum drawdown	2.24	3.25	-1.01
Martin ratio: Return relative to average drawdown	9.77	12.53	-2.76

VTI vs. DGRO - Sharpe Ratio Comparison

The current VTI Sharpe Ratio is 1.55, which is comparable to the DGRO Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of VTI 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

VTI vs. DGRO - Drawdown Comparison

The maximum VTI drawdown since its inception was -55.45%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for VTI and DGRO.

Drawdown Indicators

	VTI	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-55.45%	-35.10%	-20.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-6.47%	-2.45%
Max Drawdown (3Y) Largest decline over 3 years	-19.30%	-14.03%	-5.27%
Max Drawdown (5Y) Largest decline over 5 years	-25.36%	-19.31%	-6.05%
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	-35.10%	+0.10%
Current Drawdown Current decline from peak	-1.89%	-1.17%	-0.72%
Average Drawdown Average peak-to-trough decline	-7.99%	-3.41%	-4.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.67%	+0.37%

Volatility

VTI vs. DGRO - Volatility Comparison

Vanguard Total Stock Market ETF (VTI) has a higher volatility of 3.23% compared to iShares Core Dividend Growth ETF (DGRO) at 2.73%. This indicates that VTI'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

	VTI	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	2.73%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	10.18%	7.14%	+3.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.88%	9.56%	+3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	13.78%	+3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	16.58%	+1.71%

VTI vs. DGRO - Expense Ratio Comparison

VTI has a 0.03% 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

VTI vs. DGRO - Dividend Comparison

VTI's dividend yield for the trailing twelve months is around 1.06%, less than DGRO's 1.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.93%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
VTI Vanguard Total Stock Market ETF	1.06%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both VTI and DGRO in my portfolio?

VTI 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.

Which is riskier, VTI or DGRO?

VTI has higher volatility (3.23%) compared to DGRO (2.73%). In terms of maximum drawdown, VTI dropped -55.45% vs DGRO's -35.10%.

Which ETF is better, VTI or DGRO?

On 10-year performance, VTI leads with 14.48% vs 13.13% for DGRO. On fees, VTI is cheaper at 0.03% per year. On volatility, DGRO has been the lower-risk option at 2.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VTI or DGRO?

Over the 10-year period, VTI has performed better with a 14.48% return vs 13.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VTI or DGRO?

VTI is cheaper with a 0.03% expense ratio, compared with 0.08% for DGRO.

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

DGRO has the higher dividend yield at 1.93%, compared with 1.06% for VTI.

What is the main difference between VTI and DGRO?

VTI is categorized as Large Cap Blend Equities, while DGRO is Large Cap Growth Equities. VTI tracks CRSP US Total Market Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for VTI and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.20 vs 1.55), 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.