VXUS vs. DGRO

Last updated Jun 13, 2026

VXUS (Vanguard Total International Stock ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - VXUS is a Global Equities fund tracking the FTSE Global All Cap ex US 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, VXUS returned 10.22%/yr vs 13.52%/yr for DGRO. A 0.75 correlation means they provide meaningful diversification when combined. VXUS charges 0.05%/yr vs 0.08%/yr for DGRO.

Performance

VXUS vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Stock ETF (VXUS) 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, VXUS achieves a 13.69% return, which is significantly higher than DGRO's 9.86% return. Over the past 10 years, VXUS has underperformed DGRO with an annualized return of 10.22%, while DGRO has yielded a comparatively higher 13.52% annualized return.

VXUS

• 1D: 0.40%
• 1M: 0.71%
• YTD: 13.69%
• 6M: 15.52%
• 1Y: 28.39%
• 3Y*: 18.37%
• 5Y*: 8.32%
• 10Y*: 10.22%

DGRO

• 1D: 0.69%
• 1M: 3.74%
• YTD: 9.86%
• 6M: 9.27%
• 1Y: 22.26%
• 3Y*: 16.74%
• 5Y*: 10.82%
• 10Y*: 13.52%

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

VXUS vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VXUS Vanguard Total International Stock ETF	13.69%	32.35%	5.08%	15.86%	-16.08%	8.98%	10.66%	21.75%	-14.43%	27.46%
DGRO iShares Core Dividend Growth ETF	9.86%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Correlation

The correlation between VXUS and DGRO is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014	0.75

The correlation between VXUS and DGRO has been stable across timeframes, ranging from 0.65 to 0.75 - a consistent structural relationship.

VXUS vs. DGRO - Sectors Allocation Comparison

Sectors	VXUS	DGRO
Financial Services	22.3%	21.2%
Technology	18.1%	19.4%
Industrials	16.1%	10.8%
Consumer Cyclical	8.4%	5.7%
Basic Materials	7.6%	2.5%
Healthcare	7.1%	16.4%
Energy	5.2%	5.6%
Consumer Defensive	5.0%	11.5%
Communication Services	4.4%	0.1%
Utilities	3.2%	6.9%
Real Estate	2.6%	-

Return for Risk

VXUS vs. DGRO — Risk / Return Rank

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

VXUS

VXUS Risk / Return Rank: 61
VXUS Sharpe Ratio Rank: 61
VXUS Sortino Ratio Rank: 60
VXUS Omega Ratio Rank: 63
VXUS Calmar Ratio Rank: 58
VXUS Martin Ratio Rank: 62

DGRO

DGRO Risk / Return Rank: 82
DGRO Sharpe Ratio Rank: 84
DGRO Sortino Ratio Rank: 87
DGRO Omega Ratio Rank: 82
DGRO Calmar Ratio Rank: 77
DGRO Martin Ratio Rank: 79

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.

VXUS vs. DGRO - Risk-Adjusted Trends Comparison

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

	VXUS	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.34	-0.56
Sortino ratio: Return per unit of downside risk	2.44	3.40	-0.95
Omega ratio: Gain probability vs. loss probability	1.33	1.42	-0.09
Calmar ratio: Return relative to maximum drawdown	2.53	3.46	-0.93
Martin ratio: Return relative to average drawdown	9.72	13.36	-3.64

VXUS vs. DGRO - Sharpe Ratio Comparison

The current VXUS Sharpe Ratio is 1.77, which is comparable to the DGRO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of VXUS 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

VXUS vs. DGRO - Drawdown Comparison

The maximum VXUS drawdown since its inception was -35.97%, roughly equal to the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for VXUS and DGRO.

Drawdown Indicators

	VXUS	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-35.97%	-35.10%	-0.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.27%	-6.47%	-4.80%
Max Drawdown (3Y) Largest decline over 3 years	-13.58%	-14.03%	+0.45%
Max Drawdown (5Y) Largest decline over 5 years	-29.44%	-19.31%	-10.13%
Max Drawdown (10Y) Largest decline over 10 years	-35.97%	-35.10%	-0.87%
Current Drawdown Current decline from peak	-1.47%	0.00%	-1.47%
Average Drawdown Average peak-to-trough decline	-8.21%	-3.44%	-4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	1.68%	+1.25%

Volatility

VXUS vs. DGRO - Volatility Comparison

Vanguard Total International Stock ETF (VXUS) has a higher volatility of 6.71% compared to iShares Core Dividend Growth ETF (DGRO) at 2.64%. This indicates that VXUS'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

	VXUS	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	2.64%	+4.07%
Volatility (6M) Calculated over the trailing 6-month period	14.02%	6.96%	+7.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.09%	9.59%	+6.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.21%	13.83%	+2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.20%	16.62%	+0.58%

VXUS vs. DGRO - Expense Ratio Comparison

VXUS has a 0.05% 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

VXUS vs. DGRO - Dividend Comparison

VXUS's dividend yield for the trailing twelve months is around 2.67%, 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%
VXUS Vanguard Total International Stock ETF	2.67%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%

Frequently Asked Questions

Can I hold both VXUS and DGRO in my portfolio?

VXUS and DGRO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VXUS or DGRO?

VXUS has higher volatility (6.71%) compared to DGRO (2.64%). In terms of maximum drawdown, VXUS dropped -35.97% vs DGRO's -35.10%.

Which ETF is better, VXUS or DGRO?

On 10-year performance, DGRO leads with 13.52% vs 10.22% for VXUS. On fees, VXUS is cheaper at 0.05% per year. On volatility, DGRO has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VXUS or DGRO?

Over the 10-year period, DGRO has performed better with a 13.52% return vs 10.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VXUS or DGRO?

VXUS is cheaper with a 0.05% expense ratio, compared with 0.08% for DGRO.

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

VXUS has the higher dividend yield at 2.67%, compared with 1.94% for DGRO.

What is the main difference between VXUS and DGRO?

VXUS is categorized as Global Equities, while DGRO is Large Cap Growth Equities. VXUS tracks FTSE Global All Cap ex US Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VXUS and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.34 vs 1.77), 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.