DGRO vs HDV
iShares Core Dividend Growth ETF vs iShares Core High Dividend ETF
Which is better, DGRO or HDV?
Each has led over a different period.
DGRO led over 3Y and the full window, HDV over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.90. DGRO is less concentrated, with 27.4% of the fund in its ten largest positions against 52.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DGRO | HDV |
|---|---|---|
| Expense Ratio | 0.08%Tie | 0.08%Tie |
| AUM | $43.4B | $15.6B |
| Dividend Yield | 1.87% | 3.07% |
| Holdings | 397 | 81 |
| YTD Return | +12.16% | +20.39%Best |
| 1Y Return | +16.95% | +21.92%Best |
| 3Y Return (annualized) | +17.16%Best | +15.81% |
| 5Y Return (annualized) | +11.06% | +12.63%Best |
| Volatility (annualized) | 13.6%Best | 13.9% |
| Max Drawdown | -35.1%Best | -37.0% |
| $10,000 over 5 years | $16,896 | $18,125Best |
| Top 10 Weight | 27.4%Best | 52.1% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 10, 2014 | Mar 29, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jun 12, 2014 to Sep 17, 2026 (12.3 years).
DGRO vs HDV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.3 years both funds cover.
DGRO vs HDV Performance
iShares Core Dividend Growth ETF (DGRO) is an ETF from iShares by BlackRock (US) and iShares Core High Dividend ETF (HDV) is an ETF from iShares by BlackRock (US). Over the past year DGRO returned +16.95% while HDV returned +21.92%. Year to date, DGRO is up 12.16% versus a gain of 20.39% for HDV.
Over three years, DGRO compounded at +17.16% per year against +15.81% for HDV; over five years the annualized figures are +11.06% and +12.63% respectively. Across the full 12-year window we track, DGRO has the edge at +10.91% annualized vs +7.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HDV has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 13.6% for DGRO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.1% for DGRO and -37.0% for HDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DGRO charges 0.08% per year while HDV charges 0.08%. On a $10,000 position that is $8 vs $8 annually. On income, DGRO currently yields 1.87% against 3.07% for HDV.
Holdings Overlap
31.1% of DGRO's money is in holdings HDV also owns. 65.6% of HDV's money is in holdings DGRO also owns.
The two portfolios partly overlap.
49 positions in common, counted across the 381 positions we hold weights for in DGRO and 76 in HDV, against full books of 397 and 81.
What only one of them owns
Measured across the 381 and 76 positions we hold weights for.
DGRO holds 318 positions HDV does not, 66.8% of the fund.
Largest: MSFT 3.50%, JPM 3.17%, JNJ 3.14%, AAPL 2.90%, AVGO 2.40%
Top Shared Holdings
| Stock | Weight in DGRO | Weight in HDV | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 2.94% | 7.94% | 5.00% |
| ABBVAbbvie Inc. | 2.99% | 6.13% | 3.14% |
| PGProcter & Gamble Company | 2.15% | 4.42% | 2.27% |
| MRKMerck & Company Inc | 2.15% | 4.40% | 2.25% |
| HDHome Depot Inc/The | 2.09% | 4.28% | 2.19% |
| PMPhilip Morris International Inc. | 2.07% | 4.24% | 2.17% |
| KOCoca Cola Co. | 1.96% | 4.03% | 2.07% |
| PEPPepsico Inc. | 1.65% | 3.39% | 1.74% |
| AMGNAmgen Inc. | 1.43% | 2.94% | 1.51% |
| ABTAbbott Laboratories | 1.14% | 2.33% | 1.19% |
65.6% of HDV is already inside DGRO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DGRO or HDV?
DGRO has an expense ratio of 0.08% while HDV charges 0.08%. At the precision these are quoted to, they cost the same.
Which performed better, DGRO or HDV?
Over the past year DGRO returned +16.95% vs +21.92% for HDV, so HDV leads on 1-year performance. Over the longest common window we track (12 years), DGRO annualized +10.91% vs +7.31% for HDV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DGRO or HDV?
HDV has been the more volatile fund at 13.9% annualized versus 13.6% for DGRO. Worst drawdown: DGRO -35.1% vs HDV -37.0%.
Should I hold both DGRO and HDV?
DGRO and HDV have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DGRO and HDV?
65.6% of HDV's money is in holdings DGRO also owns. 65.6% of HDV's is in holdings DGRO also owns. They hold 49 positions in common, counted across the 381 positions we hold weights for in DGRO and 76 in HDV.
Which pays a higher dividend, DGRO or HDV?
DGRO yields 1.87% while HDV yields 3.07%, so HDV currently pays the higher dividend yield.
Is HDV better than DGRO?
DGRO led over 3Y and the full window, HDV over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.90. DGRO is less concentrated, with 27.4% of the fund in its ten largest positions against 52.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.