DGRO vs DIVG: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

Invesco S&P 500 High Dividend Growers ETF

DIVGBNYSE Arca

Overlap

22.5%by weight

Expense ratio

DGRO −0.31pt a year

DGRO0.08%DIVG0.39%

Avg volume · 30D

DGRO 910.2×the volume

DGRO1.44MDIVG1.59K

DGRO vs DIVG Performance

Nov 7, 2025 – Nov 9, 2026

+22.5%DGRO+25.0%DIVG

Expense ratio: DGRO 0.08%, better; DIVG 0.39%
Fund size: DGRO $44.7B; DIVG $12M
1Y total return: DGRO +22.5%; DIVG +25.0%, better
Yield (12M): DGRO 1.84%; DIVG 2.92%, better
Holdings: DGRO 394; DIVG 103
Avg volume (30D): DGRO 1.44M sh, better; DIVG 1.59K sh
NAV per share: DGRO $79.79; DIVG $38.27
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, DIVG, with each pillar’s weight
Pillar	DGRO	DIVG
Cost30% weight	A88Higher	D36
Mission25% weight	A99Higher	A94
Risk15% weight	A76Higher	B68
Tradability15% weight	A88Higher	D37
Holdings10% weight	B63	A72Higher
Durability5% weight	A87Higher	F23

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DGRO and DIVG 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 DIVG 26th 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 25BQDIVGlobal X S&P 500 Quality Dividend ETFScore 59
Rank 26BDIVGInvesco S&P 500 High Dividend Growers ETFScore 58
Rank 27BCSBVictoryShares US Small Cap High Div Volatility Wtd ETFScore 57

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

DIVGBInvesco S&P 500 High Dividend Growers 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.

DIVG Most yield funds grab today's biggest payouts. DIVG works the other side of the trade: an S&P 500 screen built around dividend growth, roughly 100 names, and a check every month.

Stated mandate

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

DIVG DIVG seeks to track the S&P 500 High Dividend Growth Index before fees and expenses.

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.

DIVG The mandate is narrow and literal: track the S&P 500 High Dividend Growth Index. No manager discretion, no drifting into whatever sector is hot this quarter.invesco.com
Distributions land monthly, not quarterly, so income arrives on a twelve-times-a-year rhythm.
Roughly 100 holdings, all drawn from the S&P 500. Familiar large-cap ground, spread wide enough that no single name carries the fund.
Sits in the upper half of a crowded dividend-screen peer group of roughly fifty funds.

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.

DIVG The 0.39% fee is the going rate for a dividend screen, but a real step up from the mega-cap dividend-growth funds (VIG, SCHD, DGRO), which charge a fraction of that.
Small and thinly traded, which usually means wider bid-ask spreads than the household-name dividend ETFs.
Launched in December 2023, so the live record is short and the fund has yet to prove it can build a durable asset base.

Full DGRO profile⁠

Full DIVG profile⁠

DGRO vs DIVG Holdings

How DGRO and DIVG differ

Overlap by weight

22.5%

Shared holdings make up 55.2% of DIVG and 30.1% of DGRO.

Level by level

Holdings63 in both22.5%
Sector11 Sectors67.8%
Asset classStocks100%
Countryby domicile99.7%

Sector

Sector weights in DGRO and DIVG, widest gap first
Sector	Gap	DGRO	DIVG
Health Care	DGRO +14.2 points	17.9%	3.7%
Real Estate	DIVG +12.9 points	0.0%	12.9%
Utilities	DIVG +9.5 points	7.3%	16.8%
Technology	DGRO +7.1 points	16.7%	9.6%
Industrials	DGRO +6.7 points	10.9%	4.2%
Financials	DIVG +4.7 points	19.6%	24.3%
Communication	DIVG +3.2 points	0.1%	3.3%
Consumer Staples	DGRO +2.0 points	13.1%	11.1%
Energy	DIVG +1.9 points	5.3%	7.2%
Materials	DGRO +1.5 points	2.5%	1.0%
Consumer Discretionary	DGRO +0.5 points	6.5%	6.0%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and DIVG, widest gap first
Country	Gap	DGRO	DIVG
United States	DGRO +0.3 points	99.3%	99.0%
Switzerland	Same weight	0.5%	0.5%
China	DIVG +0.3 points	0.2%	0.5%
India	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

DGRO26.9%
DIVG19.3%

Securities held

DGRO391
DIVG102

Asset class

DGRO: Stocks
DIVG: Stocks

Holdings

Only in DGRO328
In both63
Only in DIVG39

Only in DGRO

328 securities, 69.6% of DGRO by weight

Microsoft3.14%
Apple3.07%
Exxonmobil Holdings Corp2.99%
Johnson & Johnson2.86%
Procter & Gamble2.52%
Broadcom Inc2.19%
Home Depot2.19%
Coca-Cola1.98%
UnitedHealth Group1.82%
Merck & Co Inc1.80%
International Business Machines Co1.46%
Eli Lilly1.43%
Mcdonalds Corp1.25%
Cisco Systems Inc1.25%
Wells Fargo1.24%
Visa Class A1.13%
Walmart1.12%
Gilead Sciences0.99%
Medtronic PLC0.88%
Qualcomm0.84%
Rtx0.82%
Southern0.81%
Duke Energy Corp0.79%
Union Pacific0.74%
BlackRock0.74%
Linde PLC0.70%
Mastercard Class A0.69%
Lowes Companies Inc0.68%
Costco Wholesale Corp0.66%
Lockheed Martin0.64%
Mondelez International Class A0.61%
Oracle0.55%
Tjx0.48%
Analog Devices0.47%
American Electric Power Inc0.46%
Caterpillar Inc0.45%
Cme Group Class A0.45%
Phillips 660.43%
Colgate-Palmolive0.41%
Cigna0.36%
Air Products and Chemicals0.36%
Sempra0.35%
Deere0.34%
Chubb0.34%
General Dynamics Corp0.34%
Waste Management Inc0.33%
Elevance Health Inc0.33%
Consolidated Edison0.32%
Northrop Grumman Corp0.31%
Eaton PLC0.31%

Only in DIVG

39 securities, 44.6% of DIVG by weight

VICI Properties Inc2.63%
General Mills Inc2.57%
Altria Group Inc2.16%
Verizon Communications Inc1.86%
Kimco Realty Corp1.75%
Paychex Inc1.73%
Eversource Energy1.64%
Prudential Financial Inc1.59%
Omnicom Group Inc1.58%
Invitation Homes Inc1.56%
Truist Financial Corp1.53%
AES Corp/The1.49%
ONEOK Inc1.47%
KeyCorp1.46%
Regions Financial Corp1.41%
Camden Property Trust1.41%
Regency Centers Corp1.37%
FirstEnergy Corp1.37%
Huntington Bancshares Inc/OH1.31%
Essex Property Trust Inc1.24%
SBA Communications Corp1.11%
Prologis Inc1.00%
Lennar Corp0.93%
Iron Mountain Inc0.93%
Citizens Financial Group Inc0.91%
Packaging Corp of America0.85%
American International Group Inc0.85%
Williams Cos Inc/The0.85%
Devon Energy Corp0.76%
CF Industries Holdings Inc0.65%
Texas Instruments Inc0.64%
Tapestry Inc0.56%
Baker Hughes Co0.50%
Charles Schwab Corp/The0.41%
General Electric Co0.22%
Hewlett Packard Enterprise Co0.19%
NVIDIA Corp0.11%
Invesco Government & Agency Portfolio<0.01%
Securities Lending - Bnym0.00%

Weight gaps

All 63 Holdings in both funds, largest gap first.

Holding weights in DGRO and DIVG, widest gap first
Holding	Gap	DGRO	DIVG
AbbVieABBV	DGRO +2.17 points	3.06%	0.89%
JPMorgan Chase & CoJPM	DGRO +2.07 points	2.68%	0.61%
Ares Management Class AARES	DIVG +1.48 points	0.24%	1.72%
Mccormick & Co Non-VotingMKC	DIVG +1.41 points	0.10%	1.51%
Brown Forman Class BBF.B	DIVG +1.32 points	0.07%	1.39%
Philip Morris InternationalPM	DGRO +1.14 points	2.18%	1.04%
EvergyEVRG	DIVG +1.06 points	0.15%	1.21%
Alliant Energy CorpLNT	DIVG +1.04 points	0.13%	1.17%
Cms EnergyCMS	DIVG +1.03 points	0.16%	1.19%
Wec Energy GroupWEC	DIVG +1.03 points	0.30%	1.33%
Darden Restaurants IncDRI	DIVG +0.97 points	0.17%	1.14%
Public Service Enterprise GroupPEG	DIVG +0.93 points	0.29%	1.22%
NisourceNI	DIVG +0.93 points	0.13%	1.06%
Rollins IncROL	DIVG +0.90 points	0.05%	0.95%
Otis WorldwideOTIS	DIVG +0.88 points	0.16%	1.04%
Zoetis Inc Class AZTS	DIVG +0.87 points	0.20%	1.07%
Broadridge Financial Solutions IncBR	DIVG +0.85 points	0.11%	0.96%
AmerenAEE	DIVG +0.85 points	0.19%	1.04%
American Water WorksAWK	DIVG +0.84 points	0.17%	1.01%
Xcel Energy IncXEL	DIVG +0.81 points	0.34%	1.15%
Snap On IncSNA	DIVG +0.81 points	0.10%	0.91%
Principal Financial Group IncPFG	DIVG +0.79 points	0.15%	0.94%
Fifth Third BancorpFITB	DIVG +0.77 points	0.31%	1.08%
Atmos EnergyATO	DIVG +0.73 points	0.15%	0.88%
Avery Dennison CorpAVY	DIVG +0.73 points	0.07%	0.80%
M&T BankMTB	DIVG +0.71 points	0.18%	0.89%
KrogerKR	DIVG +0.71 points	0.23%	0.94%
Cincinnati FinancialCINF	DIVG +0.70 points	0.14%	0.84%
Cognizant Technology Solutions ClaCTSH	DIVG +0.69 points	0.14%	0.83%
Bank of AmericaBAC	DGRO +0.60 points	1.26%	0.66%
Diamondback EnergyFANG	DIVG +0.58 points	0.16%	0.74%
Hartford Insurance GroupHIG	DIVG +0.58 points	0.14%	0.72%
Northern TrustNTRS	DIVG +0.52 points	0.12%	0.64%
Pnc Financial Services GroupPNC	DIVG +0.51 points	0.64%	1.15%
Synchrony FinancialSYF	DIVG +0.49 points	0.09%	0.58%
Eog ResourcesEOG	DIVG +0.49 points	0.48%	0.97%
Illinois Tool IncITW	DIVG +0.45 points	0.42%	0.87%
State StreetSTT	DIVG +0.44 points	0.17%	0.61%
Amgen IncAMGN	DGRO +0.43 points	1.26%	0.83%
FastenalFAST	DIVG +0.42 points	0.27%	0.69%
IntuitINTU	DIVG +0.42 points	0.29%	0.71%
D R HortonDHI	DIVG +0.39 points	0.11%	0.50%
MarshMRSH	DIVG +0.39 points	0.46%	0.85%
Carrier GlobalCARR	DIVG +0.39 points	0.14%	0.53%
Nxp Semiconductors NVNXPI	DIVG +0.39 points	0.23%	0.62%
Williams Sonoma IncWSM	DIVG +0.36 points	0.09%	0.45%
GarminGRMN	DIVG +0.36 points	0.15%	0.51%
Automatic Data Processing IncADP	DIVG +0.33 points	0.65%	0.98%
Accenture PLC Class AACN	DIVG +0.32 points	1.22%	1.54%
Goldman Sachs GroupGS	DGRO +0.30 points	0.96%	0.66%
Morgan StanleyMS	DGRO +0.29 points	1.00%	0.71%
CitigroupC	DGRO +0.27 points	0.86%	0.59%
Te Connectivity PLCTEL	DIVG +0.26 points	0.20%	0.46%
Travelers CompaniesTRV	DIVG +0.23 points	0.25%	0.48%
Bank of New York Mellon CorpBNY	DIVG +0.21 points	0.34%	0.55%
Sherwin WilliamsSHW	DIVG +0.20 points	0.17%	0.37%
PepsicoPEP	DGRO +0.19 points	1.83%	1.64%
Monolithic Power Systems IncMPWR	DIVG +0.10 points	0.08%	0.18%
Abbott LaboratoriesABT	DGRO +0.06 points	0.97%	0.91%
Amphenol Corp Class AAPH	DGRO +0.04 points	0.24%	0.20%
Nextera EnergyNEE	DGRO +0.04 points	1.19%	1.15%
ConocophillipsCOP	DGRO +0.01 points	0.90%	0.89%
American ExpressAXP	Same weight	0.44%	0.44%

All 391 DGRO holdings⁠All 101 DIVG 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 DIVG Cost

Overpaying DIVG vs DGRO

$6,209

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

DGRO 0.08%
$1,689
DIVG 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
DIVG 0.39%
Overpaying

Year by year

Year	DGRO	DIVG	Overpaying
10	$147	$705	$558
20	$575	$2,725	$2,150
30	$1,689	$7,898	$6,209

Expense ratio

0.08%DGRO, cheaper
0.39%DIVG

DGRO0.08%DIVG0.39%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DGRO 8th cheapest of 52 funds

DIVG 32nd cheapest of 52 funds

DGRO vs DIVG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DGRO 1.84%; DIVG 2.92%, better
Payout (12M): DGRO $1.49; DIVG $1.13
Last payment: DGRO $0.39; DIVG $0.09
Ex-dividend: DGRO Sep 15, 2026; DIVG Oct 19, 2026
Paid on: DGRO Sep 18, 2026; DIVG Oct 23, 2026
Frequency: DGRO Quarterly; DIVG Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DGROQuarterly · 15 paymentsAll DGRO payments⁠

DIVGMonthly · 33 paymentsAll DIVG payments⁠

DGRO vs DIVG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DGRO 10.8%DIVG 12.0%since Jan 2024
Return per unit of riskSharpe ratio, 3 years: DGRO 1.47DIVG 1.01since Jan 2024
Worst fallMax drawdown, 5 years: DGRO −19.3%DIVG −15.0%since Dec 2023
Market sensitivityBeta, 5 years: DGRO 0.67DIVG 0.41; Market = 1

DGRO and DIVG 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 DIVG

In short

Stated mandate

Why people hold it