DDIV vs DGRO: Grades, Fees and Holdings Compared

First Trust Dorsey Wright Momentum & Dividend ETF

DDIVDNasdaq

iShares Core Dividend Growth ETF

DGROANYSE Arca

Overlap

11.5%by weight

Expense ratio

DGRO −0.52pt a year

DDIV0.60%DGRO0.08%

Avg volume · 30D

DGRO 158.7×the volume

DDIV8.73KDGRO1.39M

10Y return · a year

DGRO +3.5pt

DDIV+10.6%DGRO+14.1%

DDIV vs DGRO Performance

Oct 29, 2021 – Oct 30, 2026

+56.5%DDIV+71.0%DGRO

Expense ratio: DDIV 0.60%; DGRO 0.08%, better
Fund size: DDIV $73M; DGRO $45.3B
1Y total return: DDIV +17.4%; DGRO +21.5%, better
Yield (12M): DDIV 1.63%; DGRO 1.84%, better
Holdings: DDIV 51; DGRO 394
Avg volume (30D): DDIV 8.73K sh; DGRO 1.39M sh, better
NAV per share: DDIV $45.44; DGRO $81.00
52W range

ETF.net Grade

Pillar letters and Scores for DDIV, DGRO, with each pillar’s weight
Pillar	DDIV	DGRO
Cost30% weight	F8	A88Higher
Mission25% weight	A74	A98Higher
Risk15% weight	F21	A77Higher
Tradability15% weight	C53	A90Higher
Holdings10% weight	D37	B62Higher
Durability5% weight	C45	A87Higher

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DDIV and DGRO are both graded against the same 52 US Dividend Index funds, so their Grades compare head to head.

US Dividend Index⁠

Category · 52 funds

See all 52 ›

DGRO ranks 1st and DDIV 48th of 52 funds in the US Dividend Index Category.

Rank 1ADGROiShares Core Dividend Growth ETFScore 86
Rank 2ASCHDSchwab U.S. Dividend Equity ETFScore 81
Rank 46CTMDVProShares Russell U.S. Dividend Growers ETFScore 40
Rank 48DDDIVFirst Trust Dorsey Wright Momentum & Dividend ETFScore 37
Rank 49DKVLEKraneShares Value Line Dynamic Dividend Equity Index ETFScore 36

Our read on each fund

ETF.net Research

DDIVDFirst Trust Dorsey Wright Momentum & Dividend ETF

DGROAiShares Core Dividend Growth ETF

In short

DDIV Most dividend funds stop at yield. DDIV adds a second screen: Dorsey Wright's relative-strength momentum ranking, leaving about 50 income payers that are also trending. A trend filter bolted onto an income screen, running since 2014.

DGRO BlackRock's dividend-growth screen casts a wider net than most: five straight years of raises rather than ten, plus a payout-ratio cap that filters out stretched payers. About 400 US dividend raisers, large through small cap, for 0.08% a year.

Stated mandate

DDIV The Fund seeks to generally track the price and yield performance of the Dorsey Wright Momentum Plus Dividend Yield Index. It normally invests at least 90% of net assets in securities comprising that Index.

DGRO The fund seeks to follow an index of U.S. equities whose dividends have grown consistently.

Why people hold it

DDIV Two screens, not one. Dividend yield gets you in the door; Dorsey Wright relative-strength momentum decides who stays. Few income ETFs bother with a trend filter at all.ftportfolios.com
Rules run it, not a manager's hunch. The fund normally keeps at least 90% of net assets in its index's stocks, so you get the stated strategy undiluted.ftportfolios.com
A concentrated book of roughly 50 names and quarterly distributions, live since 2014 and through several full market cycles.

DGRO Costs 0.08% a year, a small fraction of the typical fee among US dividend-screen ETFs.
The screen has teeth: a qualified dividend, five years of uninterrupted dividend growth, a payout ratio under 75%, and the top decile of yielders cut before the other tests run.ishares.com
Roughly 400 names across large, mid and small caps, weighted by the dividend dollars each company pays rather than by market cap.ishares.com cib.barclays
Tracks the Morningstar US Dividend Growth Index about as tightly as this group gets, and it's an actively traded, multi-billion-dollar fund that has run since 2014.

Worth knowing

DDIV The overlay is not free: 0.60% a year, above the roughly 0.39% median for dividend-screen ETFs and well above plain trackers like SCHD (0.06%) and VIG (0.04%).
Thinly traded and modest in assets next to the household-name dividend funds. Limit orders matter more here than in a fund that trades by the million.
Momentum crowds into whatever is working. With about 50 holdings, sector tilts can shift sharply from one rebalance to the next.

DGRO Chopping the highest-yielding decile is deliberate: this is built around payout growth and dividend durability, not the fattest current yield on the shelf.ishares.com
Only dividend payers qualify, so some of the market's biggest non-paying growth companies sit outside the portfolio by rule.ishares.com
Income arrives quarterly, not monthly, and this is plain US stock exposure: no buffer, no hedge, full equity risk.

Full DDIV profile⁠

Full DGRO profile⁠

DDIV vs DGRO Holdings

How DDIV and DGRO differ

Overlap by weight

11.5%

Shared holdings make up 46.9% of DDIV and 12.2% of DGRO.

Level by level

Holdings27 in both11.5%
Sector11 Sectors67.8%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in DDIV and DGRO, widest gap first
Sector	More in DDIVMore in DGRO	DDIV	DGRO
Real Estate	DDIV +17.1 points	17.1%	0.0%
Consumer Staples	DGRO +12.6 points	0.0%	12.6%
Financials	DDIV +10.8 points	30.2%	19.4%
Health Care	DGRO +7.8 points	9.8%	17.6%
Technology	DGRO +7.7 points	10.1%	17.8%
Energy	DDIV +3.7 points	9.5%	5.8%
Utilities	DGRO +3.2 points	3.9%	7.1%
Industrials	DGRO +0.8 points	10.4%	11.2%
Materials	DDIV +0.6 points	3.0%	2.4%
Communication	DGRO +0.1 points	0.0%	0.1%
Consumer Discretionary	Same weight	6.1%	6.1%

Country, concentration and asset class

Country by domicile

Country weights in DDIV and DGRO, widest gap first
Country	More in DDIVMore in DGRO	DDIV	DGRO
Switzerland	DDIV +0.7 points	1.2%	0.5%
Other countries (4)	DGRO +0.7 points	98.8%	99.5%

Concentration

Weight in the 10 largest Holdings

DDIV38.0%
DGRO27.1%

Securities held

DDIV50
DGRO391

Asset class

DDIV: Equity
DGRO: Equity

Holdings

Only in DDIV23
In both27
Only in DGRO364

Only in DDIV

23 securities, 52.9% of DDIV by weight

Simon Property Group, Inc.5.16%
CareTrust REIT, Inc.4.60%
Hasbro, Inc.4.36%
Chevron Corporation4.26%
HP Inc.3.73%
Citizens Financial Group, Inc.3.15%
APA Corporation3.09%
Old National Bancorp2.65%
CF Industries Holdings, Inc.2.44%
American Healthcare REIT, Inc.2.23%
Dollar General Corporation2.16%
Occidental Petroleum Corporation2.11%
Targa Resources Corp.1.79%
HF Sinclair Corp.1.77%
The Estee Lauder Companies Inc.1.48%
Capital One Financial Corporation1.44%
Welltower Inc.1.37%
The Charles Schwab Corporation0.99%
Valero Energy Corporation0.93%
Aramark0.91%
Delta Air Lines, Inc.0.84%
Marathon Petroleum Corporation0.76%
Newmont Corporation0.66%

Only in DGRO

364 securities, 87.5% of DGRO by weight

Exxonmobil Holdings Corp3.33%
AbbVie3.05%
Microsoft3.04%
Apple3.04%
Johnson & Johnson2.78%
Procter & Gamble2.42%
Broadcom Inc2.40%
Philip Morris International2.27%
Home Depot2.07%
Coca-Cola1.92%
UnitedHealth Group1.85%
Pepsico1.75%
International Business Machines Co1.52%
Eli Lilly1.48%
Bank of America1.26%
Wells Fargo1.22%
Accenture PLC Class A1.20%
Mcdonalds Corp1.15%
Nextera Energy1.13%
Visa Class A1.09%
Walmart1.08%
Conocophillips1.00%
Gilead Sciences1.00%
Goldman Sachs Group0.98%
Abbott Laboratories0.93%
Rtx0.85%
Qualcomm0.83%
Medtronic PLC0.82%
Southern0.81%
Duke Energy Corp0.78%
Union Pacific0.77%
Lockheed Martin0.71%
BlackRock0.71%
Linde PLC0.69%
Mastercard Class A0.67%
Pnc Financial Services Group0.64%
Costco Wholesale Corp0.63%
Lowes Companies Inc0.62%
Automatic Data Processing Inc0.62%
Oracle0.61%
Mondelez International Class A0.59%
Analog Devices0.54%
Eog Resources0.53%
Caterpillar Inc0.50%
Tjx0.49%
American Electric Power Inc0.47%
Marsh0.44%
Cme Group Class A0.44%
American Express0.43%
Illinois Tool Inc0.41%

Weight gaps

All 27 Holdings in both funds, largest gap first.

Holding weights in DDIV and DGRO, widest gap first
Holding	More in DDIVMore in DGRO	DDIV	DGRO
Principal Financial Group, Inc.PFG	DDIV +3.24 points	3.39%	0.15%
Cullen/Frost Bankers, Inc.CFR	DDIV +3.02 points	3.07%	0.05%
Invesco Ltd.IVZ	DDIV +2.80 points	2.85%	0.05%
Popular, Inc.BPOP	DDIV +2.50 points	2.54%	0.04%
State Street CorporationSTT	DDIV +2.13 points	2.30%	0.17%
Amgen Inc.AMGN	DDIV +1.98 points	3.24%	1.26%
FactSet Research Systems Inc.FDS	DDIV +1.69 points	1.73%	0.04%
Morgan StanleyMS	DDIV +1.62 points	2.62%	1.00%
Oshkosh CorporationOSK	DDIV +1.55 points	1.58%	0.03%
Primerica, Inc.PRI	DDIV +1.53 points	1.56%	0.03%
Phillips 66PSX	DDIV +1.44 points	1.93%	0.49%
Citigroup Inc.C	DDIV +1.40 points	2.27%	0.87%
The Bank of New York Mellon CorporationBNY	DDIV +1.40 points	1.73%	0.33%
Merck & Co., Inc.MRK	DDIV +1.07 points	2.88%	1.81%
Reliance Inc.RS	DDIV +1.04 points	1.10%	0.06%
Williams-Sonoma, Inc.WSM	DDIV +1.00 points	1.09%	0.09%
Garmin Ltd.GRMN	DDIV +1.00 points	1.14%	0.14%
The Travelers Companies, Inc.TRV	DDIV +1.00 points	1.24%	0.24%
Cintas CorporationCTAS	DDIV +0.84 points	1.01%	0.17%
Cardinal Health, Inc.CAH	DDIV +0.64 points	0.75%	0.11%
Humana Inc.HUM	DDIV +0.59 points	0.69%	0.10%
Johnson Controls International PlcJCI	DDIV +0.57 points	0.79%	0.22%
NetApp, Inc.NTAP	DDIV +0.58 points	0.67%	0.09%
Deere & CompanyDE	DDIV +0.44 points	0.78%	0.34%
JPMorgan Chase & Co.JPM	DGRO +0.42 points	2.24%	2.66%
Eaton Corporation PlcETN	DDIV +0.35 points	0.68%	0.33%
Cisco Systems, Inc.CSCO	DGRO +0.30 points	1.08%	1.38%

All 50 DDIV holdings⁠All 391 DGRO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DDIV vs DGRO Cost

Overpaying DDIV vs DGRO

$10,128

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DDIV 0.60%
$11,817
DGRO 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

DDIV 0.60%
DGRO 0.08%
Overpaying

Year by year

Year	DDIV	DGRO	Overpaying
10	$1,076	$147	$929
20	$4,116	$575	$3,541
30	$11,817	$1,689	$10,128

Expense ratio

0.60%DDIV
0.08%DGRO, cheaper

DGRO0.08%DDIV0.60%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DGRO 8th cheapest of 52 funds

DDIV 48th cheapest of 52 funds

DDIV vs DGRO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DDIV 1.63%; DGRO 1.84%, better
Payout (12M): DDIV $0.74; DGRO $1.49
Last payment: DDIV $0.18; DGRO $0.39
Ex-dividend: DDIV Sep 24, 2026; DGRO Sep 15, 2026
Paid on: DDIV Sep 30, 2026; DGRO Sep 18, 2026
Frequency: DDIV Quarterly; DGRO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DDIVQuarterly · 39 paymentsAll DDIV payments⁠

DGROQuarterly · 39 paymentsAll DGRO payments⁠

DDIV vs DGRO Risk

Fall from peak · 5 years

DDIV
DGRO

Risk facts

VolatilityStd dev, 3 years: DDIV 15.0%DGRO 10.8%, better
Return per unit of riskSharpe ratio, 3 years: DDIV 1.10DGRO 1.47, better
Worst fallMax drawdown, 5 years: DDIV −21.1%DGRO −19.3%, better
Market sensitivityBeta, 5 years: DDIV 0.94DGRO 0.67; Market = 1

DDIV and DGRO in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026DGRO
Best ETFs
For a rising dividend, iShares Core Dividend Growth ETF ranks first
Updated Nov 2, 2026DGRO
New ETFs
Eventide lists two ETFs at 0.75% and 0.95% for strategies it already runs
Oct 30, 2026DGRO
Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026DGRO
Income Watch
A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%
Sep 20, 2026DGRO
New ETFs
Raub Brock lists HQDG, an active dividend-growth ETF priced at 0.50%
Sep 8, 2026DGRO

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DDIV vs DGRO

In short

Stated mandate

Why people hold it