DGRO vs DVY: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

iShares Select Dividend ETF

DVYBNasdaq

Overlap

14.4%by weight

Expense ratio

DGRO −0.30pt a year

DGRO0.08%DVY0.38%

Avg volume · 30D

DGRO 4.0×the volume

DGRO1.39MDVY345K

10Y return · a year

DGRO +3.3pt

DGRO+14.3%DVY+11.0%

DGRO vs DVY Performance

Nov 2, 2021 – Nov 2, 2026

+70.2%DGRO+64.1%DVY

Expense ratio: DGRO 0.08%, better; DVY 0.38%
Fund size: DGRO $45.3B; DVY $23.7B
1Y total return: DGRO +21.8%, better; DVY +21.5%
Yield (12M): DGRO 1.84%; DVY 3.27%, better
Holdings: DGRO 394; DVY 100
Avg volume (30D): DGRO 1.39M sh, better; DVY 345K sh
NAV per share: DGRO $81.00; DVY $162.54
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, DVY, with each pillar’s weight
Pillar	DGRO	DVY
Cost30% weight	A88Higher	C45
Mission25% weight	A98Higher	A92
Risk15% weight	A77Higher	C48
Tradability15% weight	A91	A94Higher
Holdings10% weight	B62	A70Higher
Durability5% weight	A87	A88Higher

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DGRO and DVY 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 DVY 13th 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 11AUDIVFranklin U.S. Core Dividend Tilt Index ETFScore 70
Rank 13BDVYiShares Select Dividend ETFScore 69
Rank 14BCDCVictoryShares US EQ Income Enhanced Volatility Wtd ETFScore 68

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

DVYBiShares Select 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.

DVY One of the original US dividend ETFs (2003). It starts with the high yielders, then makes them prove they can keep paying, landing on about 100 names from a rules-based screen rather than a market-cap sweep.

Stated mandate

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

DVY The Fund tracks an index of relatively high dividend-paying U.S. equities, using a rules-based selection of high-yielding stocks with dividend sustainability and liquidity requirements.

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.

DVY Launched in 2003, one of the first dividend ETFs on the market, and today a multi-billion-dollar fund with two decades of live history behind the strategy.ishares.com
The index screens for dividend sustainability and liquidity, not just a fat yield, so a name has to show it can keep the checks coming to get in.ishares.com
Tracks the Dow Jones U.S. Select Dividend Index closely, trades with everyday liquidity, and distributes quarterly.
Among the stronger implementations in the US dividend-screen crowd: the fund delivers the mandate its documents describe, without structural asterisks.

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.

DVY At 0.38% it sits near the middle of dividend screeners, but rivals like SCHD (0.06%) and VIG (0.04%) run their versions for a fraction of the fee.
A yield-first screen of roughly 100 stocks leans toward mature, income-heavy industries, so sector weights can look nothing like a broad market fund.
US equities only. Foreign dividend payers sit outside the mandate.

Full DGRO profile⁠

Full DVY profile⁠

DGRO vs DVY Holdings

How DGRO and DVY differ

Overlap by weight

14.4%

Shared holdings make up 36.4% of DVY and 20.8% of DGRO.

Level by level

Holdings41 in both14.4%
Sector10 Sectors64.4%
Countryby domicile98.8%
Asset classEquity100%

Sector

Sector weights in DGRO and DVY, widest gap first
Sector	More in DGROMore in DVY	DGRO	DVY
Utilities	DVY +15.4 points	7.1%	22.5%
Technology	DGRO +14.4 points	17.8%	3.4%
Health Care	DGRO +11.9 points	17.6%	5.7%
Industrials	DGRO +9.3 points	11.2%	1.9%
Financials	DVY +5.6 points	19.4%	25.0%
Energy	DVY +5.1 points	5.8%	10.9%
Communication	DVY +5.1 points	0.1%	5.2%
Materials	DVY +3.3 points	2.4%	5.7%
Consumer Staples	DVY +1.1 points	12.6%	13.7%
Consumer Discretionary	DGRO +0.1 points	6.1%	6.0%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and DVY, widest gap first
Country	More in DGROMore in DVY	DGRO	DVY
Ireland	DVY +1.2 points	0.0%	1.2%
Other countries (5)	DGRO +1.2 points	100.0%	98.8%

Concentration

Weight in the 10 largest Holdings

DGRO27.1%
DVY19.5%

Securities held

DGRO391
DVY98

Asset class

DGRO: Equity
DVY: Equity

Holdings

Only in DGRO350
In both41
Only in DVY57

Only in DGRO

350 securities, 79.1% of DGRO by weight

AbbVie3.05%
Microsoft3.04%
Apple3.04%
Johnson & Johnson2.78%
JPMorgan Chase & Co2.66%
Procter & Gamble2.42%
Broadcom Inc2.40%
Home Depot2.07%
UnitedHealth Group1.85%
Pepsico1.75%
Eli Lilly1.48%
Cisco Systems Inc1.38%
Amgen Inc1.26%
Bank of America1.26%
Wells Fargo1.22%
Accenture PLC Class A1.20%
Visa Class A1.09%
Walmart1.08%
Morgan Stanley1.00%
Conocophillips1.00%
Goldman Sachs Group0.98%
Abbott Laboratories0.93%
Citigroup0.87%
Rtx0.85%
Qualcomm0.83%
Medtronic PLC0.82%
Southern0.81%
Duke Energy Corp0.78%
Union Pacific0.77%
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%
Analog Devices0.54%
Caterpillar Inc0.50%
Tjx0.49%
Phillips 660.49%
Marsh0.44%
Cme Group Class A0.44%
American Express0.43%
Illinois Tool Inc0.41%
Colgate-Palmolive0.40%
Air Products and Chemicals0.37%
Cigna0.36%
General Dynamics Corp0.35%
Deere0.34%

Only in DVY

57 securities, 63.8% of DVY by weight

Pfizer2.45%
Altria Group Inc2.38%
Hp Inc2.16%
Prudential Financial Inc2.12%
T Rowe Price Group1.99%
Oneok1.86%
Target Corp1.67%
Verizon Communications Inc1.66%
Chevron1.62%
Kimberly Clark1.61%
Best Buy1.51%
Apa1.48%
General Mills Inc1.44%
Dominion Energy1.43%
Valero Energy Corp1.40%
Ford Motor Co1.37%
Lyondellbasell Industries Class A1.37%
Hf Sinclair1.36%
Truist Financial1.32%
Us Bancorp1.29%
Eversource Energy1.29%
Cvs Health1.29%
Edison International1.26%
Keycorp1.26%
Omnicom Group Inc1.22%
Regions Financial1.21%
Smurfit Westrock PLC1.18%
Firstenergy Corp1.13%
International Paper1.13%
Exelon Corp1.09%
Huntington Bancshares Inc1.08%
Pinnacle West1.02%
Comcast Class A1.02%
Citizens Financial Group Inc1.00%
AT&T0.97%
Ppl Corp0.93%
First Horizon0.89%
Franklin Templeton0.86%
Packaging Corp of America0.78%
Watsco0.74%
Ugi0.73%
Chord Energy0.70%
Eastman Chemical0.70%
Valley National0.61%
United Bankshares0.60%
Fnb Corp0.59%
Onemain Holdings0.59%
Conagra Brands0.58%
Lincoln National Corp0.50%
Southwest Gas Holdings0.49%

Weight gaps

All 41 Holdings in both funds, largest gap first.

Holding weights in DGRO and DVY, widest gap first
Holding	More in DGROMore in DVY	DGRO	DVY
Exxonmobil Holdings CorpXOM	DGRO +2.17 points	3.33%	1.16%
Principal Financial Group IncPFG	DVY +1.18 points	0.15%	1.33%
Genuine PartsGPC	DVY +1.15 points	0.11%	1.26%
Invesco LtdIVZ	DVY +1.04 points	0.05%	1.09%
Philip Morris InternationalPM	DGRO +1.03 points	2.27%	1.24%
MetlifeMET	DVY +1.03 points	0.28%	1.31%
UnumUNM	DVY +0.98 points	0.06%	1.04%
Archer Daniels MidlandADM	DVY +0.97 points	0.19%	1.16%
Eog ResourcesEOG	DVY +0.90 points	0.53%	1.43%
Alliant Energy CorpLNT	DVY +0.86 points	0.13%	0.99%
Coca-ColaKO	DGRO +0.86 points	1.92%	1.06%
Wec Energy GroupWEC	DVY +0.80 points	0.29%	1.09%
Fidelity National Financial IncFNF	DVY +0.79 points	0.10%	0.89%
Fifth Third BancorpFITB	DVY +0.77 points	0.31%	1.08%
Oge EnergyOGE	DVY +0.75 points	0.08%	0.83%
Dte EnergyDTE	DVY +0.75 points	0.21%	0.96%
Cms EnergyCMS	DVY +0.73 points	0.16%	0.89%
Cincinnati FinancialCINF	DVY +0.70 points	0.13%	0.83%
NisourceNI	DVY +0.68 points	0.13%	0.81%
Old Republic InternationalORI	DVY +0.66 points	0.06%	0.72%
Merck & Co IncMRK	DGRO +0.67 points	1.81%	1.14%
Mondelez International Class AMDLZ	DVY +0.66 points	0.59%	1.25%
International Business Machines CoIBM	DGRO +0.62 points	1.52%	0.90%
IdacorpIDA	DVY +0.60 points	0.04%	0.64%
Entergy CorpETR	DVY +0.57 points	0.27%	0.84%
Bunge Global SABG	DVY +0.57 points	0.07%	0.64%
Public Service Enterprise GroupPEG	DVY +0.57 points	0.29%	0.86%
Mcdonalds CorpMCD	DGRO +0.56 points	1.15%	0.59%
Xcel Energy IncXEL	DVY +0.55 points	0.34%	0.89%
Centerpoint EnergyCNP	DVY +0.55 points	0.14%	0.69%
H&R Block IncHRB	DVY +0.50 points	0.05%	0.55%
American Electric Power IncAEP	DVY +0.48 points	0.47%	0.95%
Black Hills CorpBKH	DVY +0.46 points	0.05%	0.51%
SempraSRE	DVY +0.44 points	0.38%	0.82%
New Jersey Resources CorpNJR	DVY +0.40 points	0.04%	0.44%
Nexstar Media Group IncNXST	DVY +0.36 points	0.04%	0.40%
Penske Automotive Group Voting IncPAG	DVY +0.34 points	0.02%	0.36%
Nextera EnergyNEE	DGRO +0.31 points	1.13%	0.82%
Gilead SciencesGILD	DGRO +0.17 points	1.00%	0.83%
Bank OzkOZK	DVY +0.16 points	0.04%	0.20%
Lockheed MartinLMT	DGRO +0.04 points	0.71%	0.67%

All 391 DGRO holdings⁠All 98 DVY 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 DVY Cost

Overpaying DVY vs DGRO

$6,017

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

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

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
DVY 0.38%
Overpaying

Year by year

Year	DGRO	DVY	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%DVY

DGRO0.08%DVY0.38%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DGRO 8th cheapest of 52 funds

DVY 28th cheapest of 52 funds

DGRO vs DVY Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DGRO 1.84%; DVY 3.27%, better
Payout (12M): DGRO $1.49; DVY $5.34
Last payment: DGRO $0.39; DVY $1.33
Ex-dividend: DGRO Sep 15, 2026; DVY Sep 15, 2026
Paid on: DGRO Sep 18, 2026; DVY Sep 18, 2026
Frequency: DGRO Quarterly; DVY Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGROQuarterly · 39 paymentsAll DGRO payments⁠

DVYQuarterly · 39 paymentsAll DVY payments⁠

DGRO vs DVY Risk

Fall from peak · 5 years

DGRO
DVY

Risk facts

VolatilityStd dev, 3 years: DGRO 10.8%, betterDVY 13.0%
Return per unit of riskSharpe ratio, 3 years: DGRO 1.47, betterDVY 1.14
Worst fallMax drawdown, 5 years: DGRO −19.3%DVY −17.5%, better
Market sensitivityBeta, 5 years: DGRO 0.67DVY 0.57; Market = 1

DGRO and DVY in the news

All news⁠

Income Watch
A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%
Sep 20, 2026DGRODVY
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
New ETFs
Raub Brock lists HQDG, an active dividend-growth ETF priced at 0.50%
Sep 8, 2026DGRO

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