ETF Versus

DGRO vs HDV

iShares Core Dividend Growth ETF vs iShares Core High Dividend ETF

Last updated: 2026-04-02

DGRO iShares

iShares Core Dividend Growth ETF (DGRO) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.08%. The fund offers a moderate dividend yield of 2.10%. Launched in 2014, the fund has a 12-year track record.

AUM: $36.8B ER: 0.08% Yield: 2.10% Since: Jun 10, 2014
HDV iShares

iShares Core High Dividend ETF (HDV) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.08%. The fund offers an attractive dividend yield of 2.96%. Launched in 2011, the fund has a 15-year track record.

AUM: $13.5B ER: 0.08% Yield: 2.96% Since: Mar 29, 2011

Quick Verdict

DGRO has edged ahead over the past year (13.9% vs 11.2%). Income investors may prefer HDV for its higher yield (3.0% vs 2.1%).

Key Metrics

Metric DGRO HDV
Expense Ratio 0.08% 0.08%
Dividend Yield 2.1% 3.0%
Fund Family iShares iShares
Category US Dividend US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

90 103 116 129 142 155 2021-04 2022-06 2023-09 2024-12 2026-04
DGRO +42.9%
HDV +39.8%

Performance Comparison

Period DGRO HDV Difference
1 Month -4.90% -4.43% -0.47%
3 Months +0.57% +9.57% -9.00%
6 Months +2.36% +9.49% -7.13%
YTD +0.57% +9.57% -9.00%
1 Year +13.94% +11.17% +2.77%
3 Years +39.53% +30.22% +9.31%
5 Years +42.86% +39.76% +3.10%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period DGRO Fees HDV Fees You Save
$10.000 10 years $159 $159 $0
$10.000 20 years $686 $686 $0
$10.000 30 years $2.212 $2.212 $0
$50.000 10 years $797 $797 $0
$50.000 30 years $11.061 $11.061 $0
$100.000 30 years $22.123 $22.123 $0

Risk Metrics

Based on 5 years of daily returns

Metric DGRO HDV
Annualized Volatility 13.9% 13.0%
Max Drawdown -20.7% -16.9%
Sharpe Ratio 0.26 0.24

Dividend Comparison

Metric DGRO HDV
Annual Dividend (per share) $1.47 $3.96
Dividend Yield 2.10% 2.96%
Distribution Frequency Quarterly Quarterly

Top Holdings

6 of top 10 holdings overlap (60% overlap in top holdings)

DGRO Top Holdings

NameWeight
Exxon Mobil CorporationXOM3.43%
Johnson & JohnsonJNJ2.94%
JPMorgan Chase & Co.JPM2.93%
Apple Inc.AAPL2.87%
Microsoft CorporationMSFT2.71%
AbbVie Inc.ABBV2.67%
Broadcom Inc.AVGO2.49%
The Procter & Gamble CompanyPG2.14%
Philip Morris International Inc.PM2.05%
Merck & Co., Inc.MRK2.05%

HDV Top Holdings

NameWeight
Exxon Mobil CorporationXOM9.48%
Chevron CorporationCVX7.13%
Johnson & JohnsonJNJ6.04%
AbbVie Inc.ABBV5.48%
The Procter & Gamble CompanyPG4.40%
Philip Morris International Inc.PM4.20%
Merck & Co., Inc.MRK4.20%
The Home Depot, Inc.HD4.05%
The Progressive CorporationPGR3.80%
The Coca-Cola CompanyKO3.77%

Which One Should You Choose?

Choose DGRO if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose HDV if...

you prioritize dividend income and want higher regular distributions from your portfolio.

Either works if...

you just need broad us dividend exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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