DGRO vs DHS: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

WisdomTree U.S. High Dividend Fund

DHSBNYSE Arca

Overlap

22.3%by weight

Expense ratio

DGRO −0.30pt a year

DGRO0.08%DHS0.38%

Avg volume · 30D

DGRO 41.8×the volume

DGRO1.44MDHS34.5K

10Y return · a year

DGRO +3.7pt

DGRO+13.9%DHS+10.2%

DGRO vs DHS Performance

Nov 9, 2021 – Nov 9, 2026

+69.0%DGRO+78.7%DHS

Expense ratio: DGRO 0.08%, better; DHS 0.38%
Fund size: DGRO $44.7B; DHS $1.63B
1Y total return: DGRO +22.5%; DHS +24.4%, better
Yield (12M): DGRO 1.84%; DHS 3.19%, better
Holdings: DGRO 394; DHS 316
Avg volume (30D): DGRO 1.44M sh, better; DHS 34.5K sh
NAV per share: DGRO $79.79; DHS $117.52
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, DHS, with each pillar’s weight
Pillar	DGRO	DHS
Cost30% weight	A88Higher	C45
Mission25% weight	A99Higher	A90
Risk15% weight	A76	A76
Tradability15% weight	A88Higher	B55
Holdings10% weight	B63Higher	C50
Durability5% weight	A87Higher	B62

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DGRO and DHS 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 DHS 19th 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 18BSPDGState Street SPDR Portfolio S&P Sector Neutral Dividend ETFScore 65
Rank 19BDHSWisdomTree U.S. High Dividend FundScore 64
Rank 20BDONWisdomTree U.S. MidCap Dividend FundScore 61

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

DHSBWisdomTree U.S. High Dividend Fund

In short

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.

DHS From the shop that made dividend weighting a thing. Since 2006, DHS has ranked US payers by yield, then weighted the survivors by the actual dollars of dividends they pay. Market cap never enters the math.

Stated mandate

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

DHS The fund seeks to track the investment results of high-dividend-yielding companies in the U.S. equity market.

Why people hold it

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.

DHS Weighting runs on cash dividends paid, tilted by a value, quality and momentum risk score. Big payers get big weights, shaky ones get trimmed.wisdomtree.com
Only the top 30% of eligible US payers by yield make the cut, and a name stays until it slips out of the top 35%. Deep screen, low churn.sec.gov
Pays monthly, holds about 400 names, and caps sector weight at the lesser of 25% or 3x the market-cap version so no single yield-heavy sector runs the show.wisdomtree.com
A 2006 original in the dividend-screen category, now a multi-billion-dollar fund still running the mandate it launched with.

Worth knowing

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.

DHS The 0.38% fee sits at the middle of the dividend-screen pack, but the cheapest peers here (VIG at 0.04%, SCHD at 0.06%) charge a fraction of it.
Trades thinly next to the category giants, so limit orders matter more here than in a fund that changes hands constantly.
By design it buys today's highest yielders, not tomorrow's dividend growers. A different flavor of income than growth-screened peers like DGRO.

Full DGRO profile⁠

Full DHS profile⁠

DGRO vs DHS Holdings

How DGRO and DHS differ

Overlap by weight

22.3%

Shared holdings make up 39.0% of DHS and 22.6% of DGRO.

Level by level

Holdings51 in both22.3%
Sector11 Sectors79.7%
Countryby domicile99.3%
Asset classStocks100%

Sector

Sector weights in DGRO and DHS, widest gap first
Sector	Gap	DGRO	DHS
Technology	DGRO +10.1 points	16.7%	6.6%
Communication	DHS +8.1 points	0.1%	8.2%
Industrials	DGRO +6.8 points	10.9%	4.1%
Energy	DHS +4.3 points	5.3%	9.6%
Financials	DHS +2.9 points	19.6%	22.5%
Real Estate	DHS +2.3 points	0.0%	2.3%
Consumer Staples	DHS +1.5 points	13.1%	14.6%
Materials	DGRO +1.5 points	2.5%	1.0%
Utilities	DHS +1.2 points	7.3%	8.5%
Consumer Discretionary	DGRO +1.1 points	6.5%	5.4%
Health Care	DGRO +0.7 points	17.9%	17.2%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and DHS, widest gap first
Country	More in DGROMore in DHS	Gap	DGRO	DHS
United States		DHS +0.7 points	99.3%	100.0%
Other countries (4)		DGRO +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

DGRO26.9%
DHS34.9%

Securities held

DGRO391
DHS314

Asset class

DGRO: Stocks
DHS: Stocks

Holdings

Only in DGRO340
In both51
Only in DHS263

Only in DGRO

340 securities, 77.1% of DGRO by weight

Microsoft3.14%
Apple3.07%
Johnson & Johnson2.86%
JPMorgan Chase & Co2.68%
Procter & Gamble2.52%
Broadcom Inc2.19%
Home Depot2.19%
Coca-Cola1.98%
UnitedHealth Group1.82%
Eli Lilly1.43%
Amgen Inc1.26%
Bank of America1.26%
Mcdonalds Corp1.25%
Cisco Systems Inc1.25%
Wells Fargo1.24%
Accenture PLC Class A1.22%
Nextera Energy1.19%
Visa Class A1.13%
Walmart1.12%
Morgan Stanley1.00%
Gilead Sciences0.99%
Abbott Laboratories0.97%
Goldman Sachs Group0.96%
Medtronic PLC0.88%
Citigroup0.86%
Rtx0.82%
Union Pacific0.74%
BlackRock0.74%
Linde PLC0.70%
Mastercard Class A0.69%
Lowes Companies Inc0.68%
Costco Wholesale Corp0.66%
Automatic Data Processing Inc0.65%
Lockheed Martin0.64%
Mondelez International Class A0.61%
Oracle0.55%
Tjx0.48%
Analog Devices0.47%
Marsh0.46%
Caterpillar Inc0.45%
Cme Group Class A0.45%
American Express0.44%
Illinois Tool Inc0.42%
Colgate-Palmolive0.41%
Cigna0.36%
Air Products and Chemicals0.36%
Sempra0.35%
Xcel Energy Inc0.34%
Deere0.34%
Chubb0.34%

Only in DHS

263 securities, 60.8% of DHS by weight

Altria Group Inc3.92%
Texas Instruments Inc3.12%
Chevron Corp2.77%
AT&T Inc2.64%
Verizon Communications Inc2.58%
Bristol-Myers Squibb Co2.44%
Pfizer Inc2.23%
TransDigm Group Inc1.79%
Comcast Corp1.71%
Blackstone Inc1.71%
US Bancorp1.53%
CVS Health Corp1.53%
Truist Financial Corp1.15%
Ford Motor Co1.14%
Kraft Foods Inc0.95%
Prudential Financial Inc0.88%
Dominion Energy Inc0.80%
Exelon Corp0.78%
Target Corp0.61%
Viatris Inc0.55%
T Rowe Price Group Inc0.52%
Best Buy Co Inc0.52%
Franklin Resources Inc0.50%
Regions Financial Corp0.48%
Keycorp0.47%
Blue Owl Capital Inc0.47%
Hasbro Inc0.45%
Stanley Black & Decker Inc.0.44%
Citizens Financial Group Inc0.44%
Kraft Foods Group0.44%
FirstEnergy Corp0.43%
Huntington Bancshares Inc/OH0.41%
Kimberly-Clark Corp0.41%
Williams Cos Inc/The0.40%
Hershey Co/The0.39%
Omnicom Group Inc0.36%
Kinder Morgan Inc/DE0.35%
Sirius Xm Holdings Inc0.34%
JM Smucker Co/The0.34%
Edison International0.33%
Clorox Co0.30%
Springleaf Holdings Inc0.30%
Skyworks Solutions Inc0.29%
Eversource Energy0.28%
Columbia Banking System Inc0.28%
National Retail Properties Inc0.26%
General Mills Inc0.26%
Eastman Chemical Co0.24%
Sabra Health Care REIT Inc0.24%
Vail Resorts Inc0.23%

Weight gaps

All 51 Holdings in both funds, largest gap first.

Holding weights in DGRO and DHS, widest gap first
Holding	Gap	DGRO	DHS
Merck & Co IncMRK	DHS +2.95 points	1.80%	4.75%
AbbVieABBV	DHS +2.51 points	3.06%	5.57%
Philip Morris InternationalPM	DHS +1.19 points	2.18%	3.37%
Duke Energy CorpDUK	DHS +1.07 points	0.79%	1.86%
MetlifeMET	DHS +1.02 points	0.28%	1.30%
Paccar IncPCAR	DHS +0.76 points	0.13%	0.89%
Exxonmobil Holdings CorpXOM	DHS +0.76 points	2.99%	3.75%
Pnc Financial Services GroupPNC	DHS +0.61 points	0.64%	1.25%
American Electric Power IncAEP	DHS +0.61 points	0.46%	1.07%
Fifth Third BancorpFITB	DHS +0.53 points	0.31%	0.84%
American Financial GroupAFG	DHS +0.32 points	0.06%	0.38%
SouthernSO	DHS +0.32 points	0.81%	1.13%
Principal Financial Group IncPFG	DHS +0.30 points	0.15%	0.45%
PepsicoPEP	DHS +0.28 points	1.83%	2.11%
Darden Restaurants IncDRI	DHS +0.28 points	0.17%	0.45%
Penske Automotive Group Voting IncPAG	DHS +0.26 points	0.02%	0.28%
Dillards Class ADDS	DHS +0.26 points	<0.01%	0.26%
International Business Machines CoIBM	DHS +0.25 points	1.46%	1.71%
Archer Daniels MidlandADM	DHS +0.22 points	0.17%	0.39%
Tyson Foods Inc Class ATSN	DHS +0.18 points	0.15%	0.33%
Rli CorpRLI	DHS +0.17 points	0.02%	0.19%
Jackson Financial Class AJXN	DHS +0.17 points	0.05%	0.22%
Cullen Frost BankersCFR	DHS +0.17 points	0.05%	0.22%
Zions BancorporationZION	DHS +0.17 points	0.05%	0.22%
H&R Block IncHRB	DHS +0.16 points	0.05%	0.21%
Brown Forman Class ABF.A	DHS +0.14 points	0.01%	0.15%
Ares Management Class AARES	DHS +0.13 points	0.24%	0.37%
First American Financial CorpFAF	DHS +0.13 points	0.04%	0.17%
MosaicMOS	DHS +0.13 points	0.05%	0.18%
Nexstar Media Group IncNXST	DHS +0.12 points	0.05%	0.17%
Prosperity BancsharesPB	DHS +0.12 points	0.06%	0.18%
Fidelity National Financial IncFNF	DHS +0.12 points	0.11%	0.23%
QualcommQCOM	DHS +0.10 points	0.84%	0.94%
Microchip Technology IncMCHP	DHS +0.09 points	0.17%	0.26%
Eog ResourcesEOG	DGRO +0.08 points	0.48%	0.40%
Phillips 66PSX	DHS +0.07 points	0.43%	0.50%
Consolidated EdisonED	DHS +0.05 points	0.32%	0.37%
ConocophillipsCOP	DGRO +0.05 points	0.90%	0.85%
EvergyEVRG	DGRO +0.04 points	0.15%	0.11%
Essential Utilities IncWTRG	DGRO +0.03 points	0.10%	0.07%
Dte EnergyDTE	DGRO +0.03 points	0.21%	0.18%
Black Hills CorpBKH	DGRO +0.02 points	0.05%	0.03%
Spire IncSR	DGRO +0.02 points	0.04%	0.02%
Oge EnergyOGE	DGRO +0.02 points	0.08%	0.06%
Alliant Energy CorpLNT	DHS +0.02 points	0.13%	0.15%
Northwestern Energy GroupNWE	DGRO +0.01 points	0.04%	0.03%
New Jersey Resources CorpNJR	DGRO +0.01 points	0.04%	0.03%
One GasOGS	DGRO +0.01 points	0.04%	0.03%
Wec Energy GroupWEC	Same weight	0.30%	0.29%
California ResourcesCRC	Same weight	0.02%	0.02%
Matador ResourcesMTDR	Same weight	0.03%	0.03%

All 391 DGRO holdings⁠All 378 DHS 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.

DGRO vs DHS Cost

Overpaying DHS vs DGRO

$6,017

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

DGRO 0.08%
$1,689
DHS 0.38%
$7,706

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
DHS 0.38%
Overpaying

Year by year

Year	DGRO	DHS	Overpaying
10	$147	$688	$541
20	$575	$2,658	$2,083
30	$1,689	$7,706	$6,017

Expense ratio

0.08%DGRO, cheaper
0.38%DHS

DGRO0.08%DHS0.38%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DGRO 8th cheapest of 52 funds

DHS 28th cheapest of 52 funds

DGRO vs DHS Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DGRO 1.84%; DHS 3.19%, better
Payout (12M): DGRO $1.49; DHS $3.79
Last payment: DGRO $0.39; DHS $0.31
Ex-dividend: DGRO Sep 15, 2026; DHS Oct 27, 2026
Paid on: DGRO Sep 18, 2026; DHS Oct 29, 2026
Frequency: DGRO Quarterly; DHS Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DGROQuarterly · 15 paymentsAll DGRO payments⁠

DHSMonthly · 47 paymentsAll DHS payments⁠

DGRO vs DHS Risk

Fall from peak · 5 years

DGRO
DHS

Risk facts

VolatilityStd dev, 3 years: DGRO 10.8%, betterDHS 12.4%
Return per unit of riskSharpe ratio, 3 years: DGRO 1.47, betterDHS 1.25
Worst fallMax drawdown, 5 years: DGRO −19.3%DHS −15.3%, better
Market sensitivityBeta, 5 years: DGRO 0.67DHS 0.47; Market = 1

DGRO and DHS 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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DGRO vs DHS

In short

Stated mandate

Why people hold it