XOEF vs. DGRO

Last updated Jun 30, 2026

XOEF (iShares S&P 500 ex S&P 100 ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - XOEF is a S&P 500 fund tracking the S&P 500 Ex-S&P 100 Select Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. XOEF charges 0.20%/yr vs 0.08%/yr for DGRO.

Performance

XOEF vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 ex S&P 100 ETF (XOEF) 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, XOEF achieves a 16.44% return, which is significantly higher than DGRO's 10.40% return.

XOEF

• 1D: 0.79%
• 1M: 3.14%
• YTD: 16.44%
• 6M: 15.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DGRO

• 1D: 0.20%
• 1M: 1.82%
• YTD: 10.40%
• 6M: 9.41%
• 1Y: 21.90%
• 3Y*: 16.43%
• 5Y*: 11.06%
• 10Y*: 13.37%

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

XOEF vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025
XOEF iShares S&P 500 ex S&P 100 ETF	16.44%	4.27%
DGRO iShares Core Dividend Growth ETF	10.40%	8.54%

Correlation

The correlation between XOEF and DGRO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.81

Return for Risk

XOEF vs. DGRO — Risk / Return Rank

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

XOEF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DGRO

DGRO Risk / Return Rank: 82
DGRO Sharpe Ratio Rank: 85
DGRO Sortino Ratio Rank: 87
DGRO Omega Ratio Rank: 83
DGRO Calmar Ratio Rank: 77
DGRO Martin Ratio Rank: 80

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.

XOEF vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ex S&P 100 ETF (XOEF) 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.

	XOEF	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.32	—
Sortino ratio: Return per unit of downside risk	—	3.38	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	3.40	—
Martin ratio: Return relative to average drawdown	—	13.11	—

Drawdowns

XOEF vs. DGRO - Drawdown Comparison

The maximum XOEF drawdown since its inception was -7.66%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for XOEF and DGRO.

Drawdown Indicators

	XOEF	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-7.66%	-35.10%	+27.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.10%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.27%	-3.43%	+2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.67%	—

Volatility

Volatility by Period

	XOEF	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	9.48%	+3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.89%	13.79%	-0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.89%	16.57%	-3.68%

XOEF vs. DGRO - Expense Ratio Comparison

XOEF has a 0.20% expense ratio, which is higher than DGRO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XOEF vs. DGRO - Dividend Comparison

XOEF's dividend yield for the trailing twelve months is around 1.04%, less than DGRO's 1.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.95%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
XOEF iShares S&P 500 ex S&P 100 ETF	1.04%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XOEF and DGRO in my portfolio?

XOEF and DGRO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XOEF or DGRO?

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.

Which ETF is cheaper, XOEF or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.20% for XOEF.

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

DGRO has the higher dividend yield at 1.95%, compared with 1.04% for XOEF.

What is the main difference between XOEF and DGRO?

XOEF is categorized as S&P 500, while DGRO is Large Cap Growth Equities. XOEF tracks S&P 500 Ex-S&P 100 Select Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.20% for XOEF and 0.08% for DGRO.