DGRO vs FDVV

DGROAiShares Core Dividend Growth ETF

FDVVAFidelity High 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.

FDVV Fidelity built its own high-dividend index instead of licensing someone else's, then priced it at 0.15%. About 120 yield-screened stocks, cash out quarterly, in a multi-billion-dollar package.

Stated mandate

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

FDVV The fund seeks to track, before fees and expenses, the Fidelity High Dividend Index. It normally invests at least 80% of assets in securities included in that index or depositary receipts representing those securities.

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.comcib.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.

• FDVV 0.15% a year against a 0.39% median for dividend-screen funds. Less of the dividend leaks out on the way to you.
• Rules, not hunches: it tracks the Fidelity High Dividend Index and normally keeps at least 80% of assets in that index's names.fidelity.com
• A multi-billion-dollar fund that trades actively, so the spread is rarely the story when you buy or sell.
• Pays quarterly and sits among the stronger builds in a crowded field of US dividend screens.

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.

• FDVV Cheaper doors into dividends exist: VIG at 0.04% and SCHD at 0.06%. The extra basis points here buy Fidelity's own screen, not a broader menu.
• A yield screen trims the market to roughly 120 stocks, so sector and single-name weights run heavier than in a total-market fund.
• The quarterly check follows what the holdings actually pay. This fund tracks an index; it does not target an income level.

Full DGRO profile⁠

Full FDVV profile⁠