DGRO vs DIVB: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

iShares Core Dividend ETF

DIVBACboe

Overlap

43.3%by weight

Expense ratio

DIVB −0.03pt a year

DGRO0.08%DIVB0.05%

Avg volume · 30D

DGRO 4.4×the volume

DGRO1.43MDIVB322K

5Y return · a year

DIVB +3.1pt

DGRO+10.7%DIVB+13.8%

DGRO vs DIVB Performance

Nov 5, 2021 – Nov 6, 2026

+65.9%DGRO+91.1%DIVB

Expense ratio: DGRO 0.08%; DIVB 0.05%, better
Fund size: DGRO $44.9B; DIVB $2.35B
1Y total return: DGRO +20.6%; DIVB +40.4%, better
Yield (12M): DGRO 1.87%; DIVB 2.11%, better
Holdings: DGRO 394; DIVB 383
Avg volume (30D): DGRO 1.43M sh, better; DIVB 322K sh
NAV per share: DGRO $80.24; DIVB $71.17
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, DIVB, with each pillar’s weight
Pillar	DGRO	DIVB
Cost30% weight	A88	A95Higher
Mission25% weight	A99Higher	A87
Risk15% weight	A78Higher	B69
Tradability15% weight	A89Higher	B65
Holdings10% weight	B62Higher	C54
Durability5% weight	A87Higher	A72

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DGRO and DIVB 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 DIVB 4th 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 3ASPYDState Street SPDR Portfolio S&P 500 High Dividend ETFScore 80
Rank 4ADIVBiShares Core Dividend ETFScore 79
Rank 5AVIGVanguard Dividend Appreciation ETFScore 78

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

DIVBAiShares Core Dividend ETF

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.

DIVB Most dividend funds only count the check that hits your account. DIVB's index also counts buybacks, treating a shrinking share count as cash returned to owners, and it charges five basis points to do it.

Stated mandate

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

DIVB The fund seeks to track an index of U.S. companies selected for a history of dividend payments and/or share buybacks, providing equity exposure oriented toward income and long-term growth.

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.

DIVB Five basis points a year, one of the lowest fees in the dividend-screen aisle, where the typical fund charges many times more.
The Morningstar US Dividend and Buyback Index counts repurchases alongside payouts, so a company buying back stock qualifies even with a modest yield. Roughly 400 US names.
Sits in the top tier of a large dividend-screen peer group and stays tight to its stated mandate: US dividend payers and buyback machines, nothing exotic.
A billion-dollar-plus member of the iShares Core lineup, running since 2017 and distributing quarterly.

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.

DIVB Buybacks return value through share count, not cash in your pocket, so the income profile can sit lighter than pure high-yield screens like SPYD.
Moderately traded rather than a volume heavyweight like SCHD or VIG, so limit orders earn their keep, especially in size.
All-equity, all-US. Dividends and buybacks soften nothing when the American stock market sells off.

Full DGRO profile⁠

Full DIVB profile⁠

DGRO vs DIVB Holdings

How DGRO and DIVB differ

Overlap by weight

43.3%

Shared holdings make up 68.9% of DIVB and 64.8% of DGRO.

Level by level

Holdings189 in both43.3%
Sector11 Sectors82.6%
Countryby domicile99.3%
Asset classStocks100%

Sector

Sector weights in DGRO and DIVB, widest gap first
Sector	Gap	DGRO	DIVB
Utilities	DGRO +4.9 points	7.1%	2.2%
Technology	DIVB +4.0 points	17.8%	21.8%
Industrials	DIVB +3.7 points	11.2%	14.9%
Energy	DIVB +3.5 points	5.8%	9.3%
Communication	DIVB +3.3 points	0.1%	3.4%
Financials	DGRO +3.2 points	19.4%	16.2%
Consumer Staples	DGRO +3.1 points	12.6%	9.5%
Real Estate	DIVB +2.9 points	0.0%	2.9%
Health Care	DGRO +2.9 points	17.6%	14.7%
Consumer Discretionary	DGRO +2.2 points	6.1%	3.9%
Materials	DGRO +1.2 points	2.4%	1.2%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and DIVB, widest gap first
Country	Gap	DGRO	DIVB
United States	Same weight	99.3%	99.3%
Switzerland	DGRO +0.5 points	0.5%	0.0%
India	DIVB +0.4 points	0.0%	0.4%
China	DGRO +0.2 points	0.2%	0.0%
United Kingdom	DIVB +0.1 points	0.0%	0.1%
Ireland	DIVB +0.1 points	0.0%	0.1%
Sweden	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

DGRO26.8%
DIVB32.9%

Securities held

DGRO391
DIVB380

Asset class

DGRO: Stocks
DIVB: Stocks

Holdings

Only in DGRO202
In both189
Only in DIVB191

Only in DGRO

202 securities, 34.9% of DGRO by weight

Microsoft3.15%
Apple3.07%
Broadcom Inc2.16%
Eli Lilly1.44%
Cisco Systems Inc1.27%
Walmart1.13%
Visa Class A1.13%
Goldman Sachs Group0.96%
Rtx0.82%
Qualcomm0.80%
Linde PLC0.70%
Mastercard Class A0.69%
Costco Wholesale Corp0.67%
Oracle0.54%
Tjx0.49%
Analog Devices0.47%
Caterpillar Inc0.45%
American Express0.44%
Xcel Energy Inc0.34%
Chubb0.34%
Waste Management Inc0.34%
Deere0.34%
Northrop Grumman Corp0.31%
Stryker0.31%
Intuit0.30%
Eaton PLC0.30%
Emerson Electric0.29%
Intercontinental Exchange Inc0.28%
S&P Global0.27%
Applied Material Inc0.26%
Danaher0.24%
Csx0.23%
Amphenol Corp Class A0.23%
Fedex Corp0.23%
Crh Public Limited PLC0.23%
Nxp Semiconductors NV0.23%
Kroger0.23%
Cummins Inc0.21%
Zoetis Inc Class A0.21%
L3HARRIS Technologies0.21%
Parker-Hannifin0.20%
Te Connectivity PLC0.20%
Motorola Solutions Inc0.19%
Johnson Controls International PLC0.19%
Kla0.18%
Ecolab0.18%
Trane Technologies PLC0.18%
Cintas0.18%
Arthur J Gallagher0.17%
Lam Research0.17%

Only in DIVB

191 securities, 30.7% of DIVB by weight

Paychex2.21%
Hp Inc1.93%
Chevron1.72%
Leidos Holdings1.38%
Pfizer1.36%
Skyworks Solutions1.22%
Altria Group Inc1.11%
Verizon Communications Inc1.04%
AT&T0.82%
Progressive0.77%
Gen Digital0.76%
Comcast Class A0.75%
Bristol Myers Squibb0.64%
T Mobile Us Inc0.61%
Marathon Petroleum0.54%
Capital One Financial Corp0.50%
Truist Financial0.44%
United Parcel Service Inc Class B0.43%
Cvs Health0.38%
Valero Energy Corp0.36%
Blackstone0.31%
Target Corp0.31%
3M0.30%
Slb0.29%
Us Bancorp0.29%
American Tower Reit0.28%
Prologis Reit0.28%
Prudential Financial Inc0.25%
Kimberly Clark0.24%
Simon Property Group Reit Inc0.23%
Starbucks Corp0.23%
Oneok0.21%
Crown Castle Inc0.21%
Nike Class B0.21%
General Mills Inc0.20%
Kinder Morgan0.19%
Kraft Heinz0.19%
Williams0.18%
Lennar A Class A0.18%
Ford Motor Co0.18%
Public Storage Reit0.16%
Devon Energy0.16%
Dominion Energy0.15%
T Rowe Price Group0.14%
Realty Income Reit0.14%
Vivmark Residential0.13%
Regions Financial0.13%
Viatris0.13%
Hershey Foods0.12%
Citizens Financial Group Inc0.12%

Weight gaps

The 100 widest of 189 Holdings in both funds.

Holding weights in DGRO and DIVB, widest gap first
Holding	Gap	DGRO	DIVB
Accenture PLC Class AACN	DIVB +5.49 points	1.24%	6.73%
Automatic Data Processing IncADP	DIVB +4.58 points	0.65%	5.23%
International Business Machines CoIBM	DIVB +3.51 points	1.47%	4.98%
Cognizant Technology Solutions ClaCTSH	DIVB +2.90 points	0.14%	3.04%
Home DepotHD	DGRO +1.40 points	2.22%	0.82%
Ss and C Technologies HoldingsSSNC	DIVB +1.29 points	0.05%	1.34%
CdwCDW	DIVB +1.29 points	0.07%	1.36%
AbbVieABBV	DGRO +1.11 points	3.01%	1.90%
Broadridge Financial Solutions IncBR	DIVB +1.04 points	0.11%	1.15%
Philip Morris InternationalPM	DGRO +1.00 points	2.21%	1.21%
Hca HealthcareHCA	DIVB +0.91 points	0.13%	1.04%
Coca-ColaKO	DGRO +0.87 points	1.97%	1.10%
Nextera EnergyNEE	DGRO +0.84 points	1.20%	0.36%
Microchip Technology IncMCHP	DIVB +0.83 points	0.19%	1.02%
PepsicoPEP	DGRO +0.80 points	1.83%	1.04%
Procter & GamblePG	DGRO +0.78 points	2.53%	1.75%
Johnson & JohnsonJNJ	DGRO +0.77 points	2.80%	2.03%
SouthernSO	DGRO +0.71 points	0.81%	0.10%
Mcdonalds CorpMCD	DGRO +0.69 points	1.25%	0.56%
Duke Energy CorpDUK	DGRO +0.55 points	0.80%	0.25%
Exxonmobil Holdings CorpXOM	DGRO +0.54 points	2.97%	2.43%
Amgen IncAMGN	DGRO +0.51 points	1.26%	0.75%
Jack Henry and Associates IncJKHY	DIVB +0.50 points	0.04%	0.54%
Morgan StanleyMS	DGRO +0.50 points	1.00%	0.50%
Merck & Co IncMRK	DGRO +0.47 points	1.79%	1.32%
GenpactG	DIVB +0.42 points	0.03%	0.45%
UnitedHealth GroupUNH	DGRO +0.40 points	1.82%	1.42%
BlackRockBLK	DGRO +0.39 points	0.73%	0.34%
American Electric Power IncAEP	DGRO +0.35 points	0.46%	0.11%
Medtronic PLCMDT	DGRO +0.34 points	0.90%	0.56%
Lockheed MartinLMT	DGRO +0.34 points	0.65%	0.31%
Union PacificUNP	DGRO +0.34 points	0.76%	0.42%
Pnc Financial Services GroupPNC	DGRO +0.31 points	0.64%	0.33%
AvnetAVT	DIVB +0.31 points	0.02%	0.33%
JPMorgan Chase & CoJPM	DGRO +0.31 points	2.68%	2.37%
Lowes Companies IncLOW	DGRO +0.31 points	0.68%	0.37%
Consolidated EdisonED	DGRO +0.30 points	0.32%	0.02%
ConocophillipsCOP	DGRO +0.29 points	0.89%	0.60%
Abbott LaboratoriesABT	DGRO +0.29 points	1.00%	0.71%
SempraSRE	DGRO +0.28 points	0.36%	0.08%
Entergy CorpETR	DGRO +0.27 points	0.27%	<0.01%
Elevance Health IncELV	DIVB +0.27 points	0.33%	0.60%
Air Products and ChemicalsAPD	DGRO +0.24 points	0.36%	0.12%
Wec Energy GroupWEC	DGRO +0.24 points	0.30%	0.06%
D R HortonDHI	DIVB +0.22 points	0.11%	0.33%
CignaCI	DIVB +0.22 points	0.37%	0.59%
Gilead SciencesGILD	DGRO +0.22 points	0.99%	0.77%
Public Service Enterprise GroupPEG	DGRO +0.19 points	0.29%	0.10%
Universal Display CorpOLED	DIVB +0.19 points	0.02%	0.21%
FastenalFAST	DGRO +0.18 points	0.27%	0.09%
Honeywell International IncHON	DIVB +0.18 points	0.20%	0.38%
Wells FargoWFC	DGRO +0.18 points	1.25%	1.07%
AmerenAEE	DGRO +0.16 points	0.19%	0.03%
Ares Management Class AARES	DGRO +0.16 points	0.24%	0.08%
Mondelez International Class AMDLZ	DGRO +0.15 points	0.61%	0.46%
Fifth Third BancorpFITB	DGRO +0.15 points	0.31%	0.16%
MarshMRSH	DGRO +0.15 points	0.47%	0.32%
Travelers CompaniesTRV	DIVB +0.15 points	0.25%	0.40%
Cms EnergyCMS	DGRO +0.15 points	0.16%	0.01%
Illinois Tool IncITW	DGRO +0.14 points	0.42%	0.28%
Ameriprise Finance IncAMP	DIVB +0.14 points	0.12%	0.26%
Bank of AmericaBAC	DGRO +0.14 points	1.26%	1.12%
General Dynamics CorpGD	DGRO +0.15 points	0.34%	0.19%
Keurig Dr Pepper IncKDP	DGRO +0.14 points	0.31%	0.17%
Dte EnergyDTE	DGRO +0.14 points	0.21%	0.07%
Phillips 66PSX	DGRO +0.14 points	0.43%	0.29%
Becton DickinsonBDX	DIVB +0.13 points	0.29%	0.42%
American Water WorksAWK	DGRO +0.13 points	0.17%	0.04%
NisourceNI	DGRO +0.12 points	0.13%	<0.01%
AflacAFL	DIVB +0.11 points	0.26%	0.37%
Centerpoint EnergyCNP	DGRO +0.11 points	0.14%	0.03%
Colgate-PalmoliveCL	DGRO +0.10 points	0.41%	0.31%
EvergyEVRG	DGRO +0.10 points	0.15%	0.05%
CitigroupC	DGRO +0.10 points	0.85%	0.75%
Alliant Energy CorpLNT	DGRO +0.09 points	0.13%	0.04%
Carrier GlobalCARR	DIVB +0.08 points	0.15%	0.23%
Essential Utilities IncWTRG	DGRO +0.08 points	0.10%	0.02%
Archer Daniels MidlandADM	DGRO +0.08 points	0.17%	0.09%
Willis Towers WatsonWTW	DIVB +0.07 points	0.08%	0.15%
M&T BankMTB	DIVB +0.07 points	0.18%	0.25%
Genuine PartsGPC	DGRO +0.07 points	0.12%	0.05%
Darden Restaurants IncDRI	DGRO +0.06 points	0.17%	0.11%
Diamondback EnergyFANG	DGRO +0.07 points	0.16%	0.09%
Oge EnergyOGE	DGRO +0.06 points	0.08%	0.02%
Cincinnati FinancialCINF	DGRO +0.06 points	0.14%	0.08%
Fidelity National Financial IncFNF	DGRO +0.06 points	0.11%	0.05%
Royalty Pharma PLC Class ARPRX	DIVB +0.05 points	0.08%	0.13%
Constellation Brands Class ASTZ	DIVB +0.05 points	0.15%	0.20%
Hartford Insurance GroupHIG	DIVB +0.05 points	0.14%	0.19%
Raymond JamesRJF	DIVB +0.05 points	0.07%	0.12%
Yum BrandsYUM	DGRO +0.05 points	0.19%	0.14%
East West BancorpEWBC	DGRO +0.04 points	0.09%	0.05%
Ppg IndustriesPPG	DGRO +0.05 points	0.16%	0.11%
Tyson Foods Inc Class ATSN	DGRO +0.05 points	0.15%	0.10%
Mccormick & Co Non-VotingMKC	DGRO +0.04 points	0.10%	0.06%
Dt MidstreamDTM	DGRO +0.04 points	0.07%	0.03%
Snap On IncSNA	DGRO +0.04 points	0.10%	0.06%
Nrg Energy IncNRG	DIVB +0.04 points	0.06%	0.10%
Bank of New York Mellon CorpBNY	DIVB +0.04 points	0.33%	0.37%
UnumUNM	DIVB +0.04 points	0.05%	0.09%

All 391 DGRO holdings⁠All 380 DIVB 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 DIVB Cost

Overpaying DGRO vs DIVB

$629

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

DGRO 0.08%
$1,689
DIVB 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
DIVB 0.05%
Overpaying

Year by year

Year	DGRO	DIVB	Overpaying
10	$147	$92	$55
20	$575	$360	$215
30	$1,689	$1,060	$629

Expense ratio

0.08%DGRO
0.05%DIVB, cheaper

DIVB0.05%DGRO0.08%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DIVB 2nd cheapest of 52 funds

DGRO 8th cheapest of 52 funds

DGRO vs DIVB Dividends

Last 12 months to Nov 6, 2026

Yield (12M): DGRO 1.87%; DIVB 2.11%, better
Payout (12M): DGRO $1.49; DIVB $1.48
Last payment: DGRO $0.39; DIVB $0.42
Ex-dividend: DGRO Sep 15, 2026; DIVB Sep 15, 2026
Paid on: DGRO Sep 18, 2026; DIVB Sep 18, 2026
Frequency: DGRO Quarterly; DIVB Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGROQuarterly · 39 paymentsAll DGRO payments⁠

DIVBQuarterly · 36 paymentsAll DIVB payments⁠

DGRO vs DIVB Risk

Fall from peak · 5 years

DGRO
DIVB

Risk facts

VolatilityStd dev, 3 years: DGRO 10.8%, betterDIVB 14.0%
Return per unit of riskSharpe ratio, 3 years: DGRO 1.47DIVB 1.58, better
Worst fallMax drawdown, 5 years: DGRO −19.3%, betterDIVB −21.1%
Market sensitivityBeta, 5 years: DGRO 0.67DIVB 0.88; Market = 1

DGRO and DIVB in the news

All news⁠

Best ETFs
For a rising dividend, iShares Core Dividend Growth ETF ranks first
Updated Nov 2, 2026DGRODIVB
Best ETFs
The best growth ETF is the cheap one on the index you want
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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