DGRO vs DLN: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

WisdomTree U.S. LargeCap Dividend Fund

DLNANYSE Arca

Overlap

63.0%by weight

Expense ratio

DGRO −0.20pt a year

DGRO0.08%DLN0.28%

Avg volume · 30D

DGRO 10.7×the volume

DGRO1.39MDLN130K

10Y return · a year

DGRO +1.1pt

DGRO+14.1%DLN+13.0%

DGRO vs DLN Performance

Oct 29, 2021 – Oct 30, 2026

+71.0%DGRO+78.1%DLN

Expense ratio: DGRO 0.08%, better; DLN 0.28%
Fund size: DGRO $45.3B; DLN $6.4B
1Y total return: DGRO +21.5%, better; DLN +18.2%
Yield (12M): DGRO 1.84%, better; DLN 1.73%
Holdings: DGRO 394; DLN 310
Avg volume (30D): DGRO 1.39M sh, better; DLN 130K sh
NAV per share: DGRO $81.00; DLN $100.63
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, DLN, with each pillar’s weight
Pillar	DGRO	DLN
Cost30% weight	A88Higher	A71
Mission25% weight	A98Higher	A84
Risk15% weight	A77Higher	A75
Tradability15% weight	A90Higher	A74
Holdings10% weight	B62	B65Higher
Durability5% weight	A87Higher	A73

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DGRO and DLN 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 DLN 6th 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 5AVIGVanguard Dividend Appreciation ETFScore 78
Rank 6ADLNWisdomTree U.S. LargeCap Dividend FundScore 74
Rank 7AONEYState Street SPDR Russell 1000 Yield Focus ETFScore 72

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

DLNAWisdomTree U.S. LargeCap 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.

DLN Most dividend funds sort by yield or by streaks of raises. DLN sorts by dollars: the more cash a company is projected to pay out, the bigger its weight. Roughly 300 US large caps, dividend-weighted since 2006, paid out monthly.

Stated mandate

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

DLN The Fund seeks to track the investment results of dividend-paying large-cap 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.

DLN Weights holdings by projected cash dividends, not yield, so the biggest actual payers get the biggest slice. A different sort order than most large-cap dividend funds.sec.gov
At 0.28% a year, it undercuts the typical fund in its dividend-screen peer group, where the median runs 0.39%.
Pays monthly rather than quarterly, and has run the same dividend-weighted playbook since its 2006 launch.
A multi-billion-dollar fund that stays close to its stated index, and one of the stronger implementations in the US dividend-screen group.

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.

DLN Cheap for its cohort, not cheap outright: VIG, SCHD and DGRO all charge under a tenth of a percent.
Dividend dollars drive the weights, so the largest payers dominate. No dividend-growth-streak or quality screen sits behind the weighting.sec.gov
Weights are set once a year at the index measurement date, so between resets the mix drifts with share prices.sec.gov

Full DGRO profile⁠

Full DLN profile⁠

DGRO vs DLN Holdings

How DGRO and DLN differ

Overlap by weight

63.0%

Shared holdings make up 85.6% of DGRO and 65.9% of DLN.

Level by level

Holdings182 in both63.0%
Sector11 Sectors81.1%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in DGRO and DLN, widest gap first
Sector	More in DGROMore in DLN	DGRO	DLN
Communication	DLN +8.2 points	0.1%	8.3%
Technology	DLN +4.7 points	17.8%	22.5%
Industrials	DGRO +3.9 points	11.2%	7.3%
Consumer Staples	DGRO +3.8 points	12.6%	8.8%
Real Estate	DLN +3.7 points	0.0%	3.7%
Health Care	DGRO +3.6 points	17.6%	14.0%
Energy	DLN +2.4 points	5.8%	8.2%
Financials	DGRO +2.3 points	19.4%	17.1%
Utilities	DGRO +2.2 points	7.1%	4.9%
Consumer Discretionary	DGRO +1.9 points	6.1%	4.2%
Materials	DGRO +1.4 points	2.4%	1.0%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and DLN, widest gap first
Country	More in DGROMore in DLN	DGRO	DLN
United States	DLN +0.8 points	99.2%	100.0%
Other countries (4)	DGRO +0.8 points	0.8%	0.0%

Concentration

Weight in the 10 largest Holdings

DGRO27.1%
DLN26.0%

Securities held

DGRO391
DLN308

Asset class

DGRO: Equity
DLN: Equity

Holdings

Only in DGRO209
In both182
Only in DLN126

Only in DGRO

209 securities, 14.2% of DGRO by weight

Accenture PLC Class A1.20%
Medtronic PLC0.82%
Linde PLC0.69%
Mondelez International Class A0.59%
Marsh0.44%
Air Products and Chemicals0.37%
Eaton PLC0.33%
Chubb0.33%
Bank of New York Mellon Corp0.33%
Waste Management Inc0.32%
Elevance Health Inc0.32%
Keurig Dr Pepper Inc0.30%
Nxp Semiconductors NV0.24%
Microchip Technology Inc0.22%
Crh Public Limited PLC0.22%
Johnson Controls International PLC0.22%
Te Connectivity PLC0.20%
Trane Technologies PLC0.18%
Motorola Solutions Inc0.18%
Arthur J Gallagher0.16%
Aon PLC Class A0.15%
Carrier Global0.14%
Garmin0.14%
Fidelity National Financial Inc0.10%
Snap On Inc0.10%
Humana0.10%
East West Bancorp0.10%
Essential Utilities Inc0.09%
Roper Technologies0.09%
Vylor0.09%
Ovintiv0.08%
Oge Energy0.08%
Royalty Pharma PLC Class A0.08%
Willis Towers Watson0.07%
Dt Midstream0.07%
Booz Allen Hamilton Holding Class0.07%
Equitable Holdings0.07%
Cdw0.07%
Avery Dennison Corp0.07%
Bunge Global SA0.07%
Masco0.06%
Unum0.06%
Reliance Steel & Aluminum0.06%
Brown Forman Class B0.06%
American Financial Group0.06%
Rpm International Inc0.06%
Prosperity Bancshares0.06%
Old Republic International0.06%
Steris0.06%
Reinsurance Group of America0.06%

Only in DLN

126 securities, 34.0% of DLN by weight

Nvidia Corp3.52%
Chevron Corp2.00%
Meta PlatformsInc. Cl A1.87%
Google Inc1.09%
Texas Instruments Inc1.07%
Verizon Communications Inc1.05%
Google Inc1.00%
Pfizer Inc0.96%
AT&T Inc0.84%
Altria Group Inc0.73%
Bristol-Myers Squibb Co0.67%
Micron Technology Inc0.61%
CVS Health Corp0.51%
ProLogis Inc0.47%
US Bancorp0.47%
Comcast Corp0.45%
T-Mobile US Inc0.43%
Health Care REIT Inc0.43%
Starbucks Corp0.42%
American Tower Corp0.42%
Simon Property Group Inc0.41%
Kinder Morgan Inc/DE0.40%
Valero Energy Corp0.40%
Target Corp0.39%
TransDigm Group Inc0.37%
Bank of New York Mellon Corp0.37%
Williams Cos Inc/The0.36%
Marathon Petroleum Corp0.36%
Truist Financial Corp0.34%
Blackstone Inc0.34%
Equinix Inc0.32%
Public Storage0.31%
Dominion Energy Inc0.31%
General Electric Co0.30%
Realty Income Corp0.29%
Dell Technologies -C0.28%
Equity Residential0.27%
Exelon Corp0.27%
Ford Motor Co0.27%
Corning Inc0.27%
Walt Disney Co/The0.24%
Digital Realty Trust Inc0.24%
Newmont Mining Corp0.24%
Capital One Financial Corp0.23%
Charles Schwab Corp/The0.23%
Marsh & Mclennan Cos0.23%
Prudential Financial Inc0.21%
Devon Energy Corp0.21%
Hewlett Packard Enterprise Co0.21%
Kimberly-Clark Corp0.20%

Weight gaps

The 100 widest of 182 Holdings in both funds.

Holding weights in DGRO and DLN, widest gap first
Holding	More in DGROMore in DLN	DGRO	DLN
MicrosoftMSFT	DLN +1.90 points	3.04%	4.94%
AbbVieABBV	DGRO +1.08 points	3.05%	1.97%
Procter & GamblePG	DGRO +1.05 points	2.42%	1.37%
Home DepotHD	DGRO +1.02 points	2.07%	1.05%
Exxonmobil Holdings CorpXOM	DGRO +0.91 points	3.33%	2.42%
PepsicoPEP	DGRO +0.83 points	1.75%	0.92%
Philip Morris InternationalPM	DGRO +0.69 points	2.27%	1.58%
Johnson & JohnsonJNJ	DGRO +0.68 points	2.78%	2.10%
International Business Machines CoIBM	DGRO +0.66 points	1.52%	0.86%
UnitedHealth GroupUNH	DGRO +0.65 points	1.85%	1.20%
Broadcom IncAVGO	DGRO +0.60 points	2.40%	1.80%
Mcdonalds CorpMCD	DGRO +0.59 points	1.15%	0.56%
AppleAAPL	DGRO +0.55 points	3.04%	2.49%
Nextera EnergyNEE	DGRO +0.55 points	1.13%	0.58%
Abbott LaboratoriesABT	DGRO +0.50 points	0.93%	0.43%
Coca-ColaKO	DGRO +0.45 points	1.92%	1.47%
SouthernSO	DGRO +0.37 points	0.81%	0.44%
QualcommQCOM	DGRO +0.37 points	0.83%	0.46%
Lowes Companies IncLOW	DGRO +0.33 points	0.62%	0.29%
Costco Wholesale CorpCOST	DGRO +0.31 points	0.63%	0.32%
RtxRTX	DGRO +0.31 points	0.85%	0.54%
Bank of AmericaBAC	DGRO +0.30 points	1.26%	0.96%
BlackRockBLK	DGRO +0.29 points	0.71%	0.42%
Cisco Systems IncCSCO	DGRO +0.28 points	1.38%	1.10%
Morgan StanleyMS	DLN +0.27 points	1.00%	1.27%
Mastercard Class AMA	DGRO +0.27 points	0.67%	0.40%
Pnc Financial Services GroupPNC	DGRO +0.26 points	0.64%	0.38%
Merck & Co IncMRK	DGRO +0.25 points	1.81%	1.56%
Union PacificUNP	DGRO +0.24 points	0.77%	0.53%
CitigroupC	DGRO +0.23 points	0.87%	0.64%
Automatic Data Processing IncADP	DGRO +0.23 points	0.62%	0.39%
Wells FargoWFC	DGRO +0.21 points	1.22%	1.01%
Duke Energy CorpDUK	DGRO +0.21 points	0.78%	0.57%
IntuitINTU	DGRO +0.20 points	0.29%	0.09%
Cme Group Class ACME	DGRO +0.19 points	0.44%	0.25%
JPMorgan Chase & CoJPM	DLN +0.18 points	2.66%	2.84%
SempraSRE	DGRO +0.18 points	0.38%	0.20%
Analog DevicesADI	DGRO +0.17 points	0.54%	0.37%
Xcel Energy IncXEL	DGRO +0.17 points	0.34%	0.17%
Northrop Grumman CorpNOC	DGRO +0.16 points	0.33%	0.17%
TjxTJX	DGRO +0.16 points	0.49%	0.33%
OracleORCL	DGRO +0.16 points	0.61%	0.45%
Lam ResearchLRCX	DLN +0.15 points	0.22%	0.37%
Illinois Tool IncITW	DGRO +0.15 points	0.41%	0.26%
Paccar IncPCAR	DLN +0.15 points	0.12%	0.27%
Fifth Third BancorpFITB	DGRO +0.14 points	0.31%	0.17%
Public Service Enterprise GroupPEG	DGRO +0.14 points	0.29%	0.15%
Lockheed MartinLMT	DGRO +0.14 points	0.71%	0.57%
StrykerSYK	DGRO +0.14 points	0.27%	0.13%
Colgate-PalmoliveCL	DGRO +0.14 points	0.40%	0.26%
Wec Energy GroupWEC	DGRO +0.13 points	0.29%	0.16%
Ares Management Class AARES	DGRO +0.13 points	0.22%	0.09%
CignaCI	DGRO +0.13 points	0.36%	0.23%
DanaherDHR	DGRO +0.13 points	0.25%	0.12%
Zoetis Inc Class AZTS	DGRO +0.13 points	0.20%	0.07%
ConocophillipsCOP	DGRO +0.12 points	1.00%	0.88%
Consolidated EdisonED	DGRO +0.12 points	0.31%	0.19%
Caterpillar IncCAT	DGRO +0.13 points	0.50%	0.37%
S&P GlobalSPGI	DGRO +0.12 points	0.26%	0.14%
Becton DickinsonBDX	DGRO +0.12 points	0.27%	0.15%
Intercontinental Exchange IncICE	DGRO +0.12 points	0.27%	0.15%
L3HARRIS TechnologiesLHX	DGRO +0.11 points	0.22%	0.11%
Eog ResourcesEOG	DGRO +0.11 points	0.53%	0.42%
FastenalFAST	DGRO +0.10 points	0.26%	0.16%
KrogerKR	DGRO +0.11 points	0.22%	0.11%
Emerson ElectricEMR	DGRO +0.10 points	0.29%	0.19%
Entergy CorpETR	DGRO +0.10 points	0.27%	0.17%
Otis WorldwideOTIS	DGRO +0.10 points	0.16%	0.06%
Dte EnergyDTE	DGRO +0.10 points	0.21%	0.11%
SyscoSYY	DGRO +0.09 points	0.24%	0.15%
Cognizant Technology Solutions ClaCTSH	DGRO +0.07 points	0.13%	0.06%
Yum BrandsYUM	DGRO +0.08 points	0.18%	0.10%
WalmartWMT	DGRO +0.07 points	1.08%	1.01%
Cms EnergyCMS	DGRO +0.08 points	0.16%	0.08%
American Water WorksAWK	DGRO +0.07 points	0.16%	0.09%
American Electric Power IncAEP	DGRO +0.07 points	0.47%	0.40%
Centerpoint EnergyCNP	DGRO +0.06 points	0.14%	0.08%
EcolabECL	DGRO +0.06 points	0.17%	0.11%
American ExpressAXP	DGRO +0.07 points	0.43%	0.36%
Tractor SupplyTSCO	DGRO +0.07 points	0.10%	0.03%
Tyson Foods Inc Class ATSN	DGRO +0.07 points	0.14%	0.07%
CintasCTAS	DGRO +0.06 points	0.17%	0.11%
CsxCSX	DGRO +0.06 points	0.24%	0.18%
Sherwin WilliamsSHW	DGRO +0.06 points	0.16%	0.10%
Ppg IndustriesPPG	DGRO +0.06 points	0.15%	0.09%
EvergyEVRG	DGRO +0.06 points	0.15%	0.09%
Broadridge Financial Solutions IncBR	DGRO +0.06 points	0.10%	0.04%
AflacAFL	DGRO +0.06 points	0.25%	0.19%
Cincinnati FinancialCINF	DGRO +0.05 points	0.13%	0.08%
Mccormick & Co Non-VotingMKC	DGRO +0.06 points	0.10%	0.04%
MsciMSCI	DGRO +0.06 points	0.14%	0.08%
Darden Restaurants IncDRI	DGRO +0.05 points	0.16%	0.11%
Constellation Brands Class ASTZ	DGRO +0.05 points	0.14%	0.09%
Genuine PartsGPC	DGRO +0.05 points	0.11%	0.06%
Xylem IncXYL	DGRO +0.05 points	0.08%	0.03%
Applied Material IncAMAT	DGRO +0.04 points	0.31%	0.27%
M&T BankMTB	DGRO +0.05 points	0.17%	0.13%
Amgen IncAMGN	DLN +0.05 points	1.26%	1.31%
Quanta Services IncPWR	DLN +0.05 points	0.01%	0.06%
Dicks SportingDKS	DGRO +0.04 points	0.07%	0.03%

All 391 DGRO holdings⁠All 305 DLN 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 DLN Cost

Overpaying DLN vs DGRO

$4,066

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

DGRO 0.08%
$1,689
DLN 0.28%
$5,755

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
DLN 0.28%
Overpaying

Year by year

Year	DGRO	DLN	Overpaying
10	$147	$509	$362
20	$575	$1,976	$1,401
30	$1,689	$5,755	$4,066

Expense ratio

0.08%DGRO, cheaper
0.28%DLN

DGRO0.08%DLN0.28%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DGRO 8th cheapest of 52 funds

DLN 15th cheapest of 52 funds

DGRO vs DLN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DGRO 1.84%, better; DLN 1.73%
Payout (12M): DGRO $1.49; DLN $1.74
Last payment: DGRO $0.39; DLN $0.12
Ex-dividend: DGRO Sep 15, 2026; DLN Oct 27, 2026
Paid on: DGRO Sep 18, 2026; DLN Oct 29, 2026
Frequency: DGRO Quarterly; DLN Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DGROQuarterly · 15 paymentsAll DGRO payments⁠

DLNMonthly · 46 paymentsAll DLN payments⁠

DGRO vs DLN Risk

Fall from peak · 5 years

DGRO
DLN

Risk facts

VolatilityStd dev, 3 years: DGRO 10.8%DLN 9.9%, better
Return per unit of riskSharpe ratio, 3 years: DGRO 1.47DLN 1.56, better
Worst fallMax drawdown, 5 years: DGRO −19.3%DLN −16.3%, better
Market sensitivityBeta, 5 years: DGRO 0.67DLN 0.75; Market = 1

DGRO and DLN 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 DLN

In short

Stated mandate

Why people hold it