DGRO: iShares Core Dividend Growth ETF returns, drawdowns and risk
Funds that select companies by dividend yield or by a record of growing dividends.
Data updated October 2026
DGRO · US exchange · USDCategory: Dividend ETFsData from June 2014
From June 2014 to October 2026 DGRO returned 12.4% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $42,268.
Its deepest fall was 35.1%, from February 2020 to March 2020, and it took about 9 months to get back to the previous high. Annual volatility was 16.0%; at the last close it was 1.5% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 148 months both have data, the correlation of monthly returns was 0.93: they moved almost in lockstep. Beta was 0.86. In months when SPY rose, DGRO moved 90% as much on average; in months when SPY fell, 90% as much.
Key figures
- Annual return (CAGR)
- +12.4%
- 1-year return
- +18.0%
- 5 years, a year
- +10.9%
- 10 years, a year
- +13.8%
- Annual volatility
- 16.0%
- Maximum drawdown
- −35.1%
- Sharpe ratio
- 0.69
- Worst year
- 2022: −7.9%
Trailing returns
| Period | DGRO | SPY |
|---|---|---|
| 1 year | +18.0% | +16.6% |
| 3 years, a year | +19.5% | +23.1% |
| 5 years, a year | +10.9% | +12.7% |
| 10 years, a year | +13.8% | +15.4% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: DGRO vs SPY
Month-end values from July 2014, the first month both funds have data.
DGRO drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | DGRO | SPY |
|---|---|---|
| 2026(partial) | +14.7% | +13.3% |
| 2025 | +15.7% | +17.7% |
| 2024 | +16.6% | +24.9% |
| 2023 | +10.5% | +26.2% |
| 2022 | −7.9% | −18.2% |
| 2021 | +26.7% | +28.7% |
| 2020 | +9.5% | +18.3% |
| 2019 | +29.9% | +31.2% |
| 2018 | −2.4% | −4.6% |
| 2017 | +23.0% | +21.7% |
| 2016 | +15.2% | +12.0% |
| 2015 | −0.7% | +1.2% |
| 2014(partial) | +8.6% | — |
DGRO compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of DGRO?
From June 2014 to October 2026 DGRO returned 12.4% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +10.9% a year. Over the last 12 months: +18.0%.
What was the worst drawdown of DGRO?
35.1%, from February 2020 to March 2020; it took about 9 months from the previous high to get back to it.
How volatile is DGRO?
Annual volatility was 16.0% over the period. Its worst month was −12.8% and 67% of months were positive. Worst calendar year: 2022 (−7.9%).
How closely does DGRO follow SPY?
Over 148 months the correlation of monthly returns was 0.93, so they moved almost in lockstep, with a beta of 0.86.
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Other Dividend ETFs
- All Dividend ETFsReturns and risk side by side
- VYM — Vanguard High Dividend Yield ETFCAGR +14.6%
- VIG — Vanguard Dividend Appreciation ETFCAGR +13.8%
- VHYL — Vanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)CAGR +7.8%
- NOBL — ProShares S&P 500 Dividend Aristocrats ETFCAGR +9.3%
- HDV — iShares Core High Dividend ETFCAGR +8.0%
- DVY — iShares Select Dividend ETFCAGR +8.1%
- SPYD — SPDR Portfolio S&P 500 High Dividend ETFCAGR +13.1%
- SDY — SPDR S&P Dividend ETFCAGR +8.6%
- TDIV — VanEck Morningstar Developed Markets Dividend Leaders UCITS ETFCAGR +9.6%
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.