DGRO vs FVD: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

First Trust Value Line Dividend Index Fund

FVDCNYSE Arca

Overlap

29.1%by weight

Expense ratio

DGRO −0.54pt a year

DGRO0.08%FVD0.62%

Avg volume · 30D

DGRO 2.6×the volume

DGRO1.39MFVD541K

10Y return · a year

DGRO +5.0pt

DGRO+14.1%FVD+9.1%

DGRO vs FVD Performance

Oct 29, 2021 – Oct 30, 2026

+71.0%DGRO+38.0%FVD

Expense ratio: DGRO 0.08%, better; FVD 0.62%
Fund size: DGRO $45.3B; FVD $8.08B
1Y total return: DGRO +21.5%, better; FVD +15.1%
Yield (12M): DGRO 1.84%; FVD 2.21%, better
Holdings: DGRO 394; FVD 243
Avg volume (30D): DGRO 1.39M sh, better; FVD 541K sh
NAV per share: DGRO $81.00; FVD $50.73
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, FVD, with each pillar’s weight
Pillar	DGRO	FVD
Cost30% weight	A88Higher	F6
Mission25% weight	A98Higher	A84
Risk15% weight	A77Higher	C51
Tradability15% weight	A90Higher	A77
Holdings10% weight	B62	A88Higher
Durability5% weight	A87Higher	A79

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DGRO and FVD 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 FVD 29th 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 28BDESWisdomTree U.S. SmallCap Dividend FundScore 56
Rank 29CFVDFirst Trust Value Line Dividend Index FundScore 54
Rank 30CFDLFirst Trust Morningstar Dividend Leaders Index FundScore 52

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

FVDCFirst Trust Value Line Dividend Index 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.

FVD A 2003-vintage dividend fund that runs US stocks through Value Line's Safety ranking, putting financial strength ahead of headline yield. Old-school pedigree, and old-school pricing at 0.62%.

Stated mandate

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

FVD The Fund seeks investment results corresponding generally to the price and yield of the Value Line® Dividend 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.

FVD Holdings come off Value Line's Safety ranking system, a quality screen, rather than a sort for the biggest yields on the board.ftportfolios.com
Trading since August 2003: one mandate, one index, multiple full market cycles behind it.
Roughly 220 US names, so no single dividend payer sets the tone, and it has tracked its stated index closely.
A multi-billion-dollar fund that trades actively and pays quarterly, so getting in or out is rarely the sticking point.

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.

FVD The research overlay isn't free: 0.62% a year, against 0.04% for VIG and 0.06% for SCHD. Cheaper trackers crowd the front of this peer group.
The screen prizes safety and financial strength, a different job than maximizing income, so this is not a high-yield vehicle.ftportfolios.com
The objective targets the index's price and yield before fees and expenses, so the expense ratio comes off the top of whatever the index does.ftportfolios.com

Full DGRO profile⁠

Full FVD profile⁠

DGRO vs FVD Holdings

How DGRO and FVD differ

Overlap by weight

29.1%

Shared holdings make up 59.9% of DGRO and 56.0% of FVD.

Level by level

Holdings135 in both29.1%
Sector11 Sectors73.5%
Countryby domicile85.4%
Asset classEquity100%

Sector

Sector weights in DGRO and FVD, widest gap first
Sector	More in DGROMore in FVD	DGRO	FVD
Technology	DGRO +12.4 points	17.8%	5.3%
Utilities	FVD +10.9 points	7.1%	18.0%
Health Care	DGRO +9.5 points	17.6%	8.1%
Real Estate	FVD +8.0 points	0.0%	8.0%
Industrials	FVD +3.3 points	11.2%	14.5%
Communication	FVD +2.8 points	0.1%	2.9%
Consumer Staples	DGRO +1.7 points	12.6%	10.9%
Financials	FVD +1.6 points	19.4%	21.0%
Energy	DGRO +1.6 points	5.8%	4.2%
Consumer Discretionary	DGRO +1.1 points	6.1%	5.0%
Materials	DGRO +0.2 points	2.4%	2.2%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and FVD, widest gap first
Country	More in DGROMore in FVD	DGRO	FVD
United States	DGRO +14.5 points	99.2%	84.7%
Canada	FVD +7.1 points	0.0%	7.1%
United Kingdom	FVD +3.7 points	0.0%	3.7%
Japan	FVD +1.2 points	0.0%	1.2%
France	FVD +0.8 points	0.0%	0.8%
Other countries (5)	FVD +1.8 points	0.7%	2.5%

Concentration

Weight in the 10 largest Holdings

DGRO27.1%
FVD4.4%

Securities held

DGRO391
FVD241

Asset class

DGRO: Equity
FVD: Equity

Holdings

Only in DGRO256
In both135
Only in FVD106

Only in DGRO

256 securities, 39.8% of DGRO by weight

Microsoft3.04%
Apple3.04%
Broadcom Inc2.40%
UnitedHealth Group1.85%
International Business Machines Co1.52%
Eli Lilly1.48%
Wells Fargo1.22%
Visa Class A1.09%
Walmart1.08%
Conocophillips1.00%
Citigroup0.87%
Qualcomm0.83%
Mastercard Class A0.67%
Costco Wholesale Corp0.63%
Oracle0.61%
Analog Devices0.54%
Eog Resources0.53%
Caterpillar Inc0.50%
Phillips 660.49%
American Express0.43%
Sempra0.38%
Cigna0.36%
Deere0.34%
Eaton PLC0.33%
Elevance Health Inc0.32%
Applied Material Inc0.31%
Fifth Third Bancorp0.31%
Intuit0.29%
S&P Global0.26%
Amphenol Corp Class A0.26%
Danaher0.25%
Nxp Semiconductors NV0.24%
Fedex Corp0.23%
Ares Management Class A0.22%
Microchip Technology Inc0.22%
Kla0.22%
Lam Research0.22%
Kroger0.22%
Crh Public Limited PLC0.22%
Johnson Controls International PLC0.22%
Zoetis Inc Class A0.20%
Parker-Hannifin0.20%
Archer Daniels Midland0.19%
Diamondback Energy0.18%
Trane Technologies PLC0.18%
M&T Bank0.17%
Thermo Fisher Scientific0.17%
Cintas0.17%
Darden Restaurants Inc0.16%
Sherwin Williams0.16%

Only in FVD

106 securities, 43.8% of FVD by weight

AstraZeneca Plc0.45%
T-Mobile US, Inc.0.44%
Sanofi (ADR)0.44%
Altria Group, Inc.0.43%
Public Storage0.43%
Comcast Corporation (Class A)0.43%
Novartis AG (ADR)0.43%
Verizon Communications Inc.0.43%
Kimco Realty Corporation0.43%
Exelon Corporation0.43%
The Williams Companies, Inc.0.43%
TC Energy Corporation0.42%
Federated Hermes, Inc. (Class B)0.42%
Reynolds Consumer Products Inc.0.42%
Amcor plc0.42%
Norfolk Southern Corporation0.42%
Enbridge Inc.0.42%
Pfizer Inc.0.42%
British American Tobacco Plc (ADR)0.42%
Takeda Pharmaceutical Company Limited (ADR)0.42%
Dominion Energy, Inc.0.42%
PPL Corporation0.42%
Pembina Pipeline Corporation0.42%
TELUS Corporation0.42%
Fortis Inc.0.42%
MSC Industrial Direct Co., Inc. (Class A)0.42%
VICI Properties Inc.0.42%
Stantec Inc.0.42%
Sun Life Financial Inc.0.42%
General Mills, Inc.0.42%
TotalEnergies SE0.42%
Shell plc (ADR)0.42%
FirstEnergy Corp.0.42%
Hormel Foods Corporation0.42%
California Water Service Group0.42%
Chevron Corporation0.42%
Eversource Energy0.42%
Bristol-Myers Squibb Company0.42%
Sonoco Products Company0.42%
American States Water Company0.42%
Regency Centers Corporation0.42%
America Movil, S.A.B. de C.V. (ADR)0.42%
Packaging Corporation of America0.42%
Chesapeake Utilities Corporation0.41%
The J.M. Smucker Company0.41%
Infosys Limited (ADR)0.41%
Brady Corporation0.41%
American International Group, Inc.0.41%
Emera Incorporated0.41%
Avista Corporation0.41%

Weight gaps

The 100 widest of 135 Holdings in both funds.

Holding weights in DGRO and FVD, widest gap first
Holding	More in DGROMore in FVD	DGRO	FVD
Exxonmobil Holdings CorpXOM	DGRO +2.91 points	3.33%	0.42%
AbbVieABBV	DGRO +2.63 points	3.05%	0.42%
Johnson & JohnsonJNJ	DGRO +2.36 points	2.78%	0.42%
JPMorgan Chase & CoJPM	DGRO +2.25 points	2.66%	0.41%
Procter & GamblePG	DGRO +2.01 points	2.42%	0.41%
Philip Morris InternationalPM	DGRO +1.85 points	2.27%	0.42%
Home DepotHD	DGRO +1.65 points	2.07%	0.42%
Coca-ColaKO	DGRO +1.50 points	1.92%	0.42%
Merck & Co IncMRK	DGRO +1.37 points	1.81%	0.44%
PepsicoPEP	DGRO +1.33 points	1.75%	0.42%
Cisco Systems IncCSCO	DGRO +0.99 points	1.38%	0.39%
Bank of AmericaBAC	DGRO +0.85 points	1.26%	0.41%
Amgen IncAMGN	DGRO +0.83 points	1.26%	0.43%
Accenture PLC Class AACN	DGRO +0.77 points	1.20%	0.43%
Mcdonalds CorpMCD	DGRO +0.73 points	1.15%	0.42%
Nextera EnergyNEE	DGRO +0.71 points	1.13%	0.42%
Morgan StanleyMS	DGRO +0.59 points	1.00%	0.41%
Goldman Sachs GroupGS	DGRO +0.57 points	0.98%	0.41%
Gilead SciencesGILD	DGRO +0.56 points	1.00%	0.44%
Abbott LaboratoriesABT	DGRO +0.51 points	0.93%	0.42%
RtxRTX	DGRO +0.43 points	0.85%	0.41%
AptargroupATR	FVD +0.41 points	0.03%	0.44%
Medtronic PLCMDT	DGRO +0.40 points	0.82%	0.42%
Lincoln Electric HoldingsLECO	FVD +0.40 points	0.04%	0.44%
Assured Guaranty LtdAGO	FVD +0.40 points	0.01%	0.41%
Rli CorpRLI	FVD +0.39 points	0.02%	0.41%
Axis Capital HoldingsAXS	FVD +0.39 points	0.03%	0.42%
Jacobs Solutions IncJ	FVD +0.39 points	0.04%	0.43%
SouthernSO	DGRO +0.39 points	0.81%	0.42%
Sei InvestmentsSEIC	FVD +0.39 points	0.02%	0.41%
Franklin ElectricFELE	FVD +0.39 points	<0.01%	0.40%
PrimericaPRI	FVD +0.39 points	0.03%	0.42%
CortevaCTVA	FVD +0.39 points	0.01%	0.40%
Selective Insurance GroupSIGI	FVD +0.39 points	0.02%	0.41%
Hanover Insurance GroupTHG	FVD +0.39 points	0.03%	0.42%
IdacorpIDA	FVD +0.39 points	0.04%	0.43%
Msa Safety IncMSA	FVD +0.38 points	0.02%	0.40%
GracoGGG	FVD +0.38 points	0.04%	0.42%
Assurant IncAIZ	FVD +0.38 points	0.04%	0.42%
Spire IncSR	FVD +0.38 points	0.04%	0.42%
Northwestern Energy GroupNWE	FVD +0.38 points	0.04%	0.42%
Ingredion IncINGR	FVD +0.38 points	0.04%	0.42%
One GasOGS	FVD +0.37 points	0.04%	0.41%
Txnm Energy IncTXNM	FVD +0.37 points	0.04%	0.41%
NordsonNDSN	FVD +0.37 points	0.04%	0.41%
Commerce BancsharesCBSH	FVD +0.37 points	0.03%	0.40%
Rpm International IncRPM	FVD +0.37 points	0.06%	0.43%
New Jersey Resources CorpNJR	FVD +0.37 points	0.04%	0.41%
Jack Henry and Associates IncJKHY	FVD +0.37 points	0.04%	0.41%
IdexIEX	FVD +0.37 points	0.05%	0.42%
DonaldsonDCI	FVD +0.37 points	0.03%	0.40%
Black Hills CorpBKH	FVD +0.37 points	0.05%	0.42%
American Financial GroupAFG	FVD +0.36 points	0.06%	0.42%
Duke Energy CorpDUK	DGRO +0.36 points	0.78%	0.42%
Ss and C Technologies HoldingsSSNC	FVD +0.35 points	0.05%	0.40%
DoverDOV	FVD +0.35 points	0.07%	0.42%
National Fuel GasNFG	FVD +0.36 points	0.04%	0.40%
Old Republic InternationalORI	FVD +0.35 points	0.06%	0.41%
Reinsurance Group of AmericaRGA	FVD +0.35 points	0.06%	0.41%
Church and Dwight IncCHD	FVD +0.35 points	0.07%	0.42%
SterisSTE	FVD +0.34 points	0.06%	0.40%
Union PacificUNP	DGRO +0.35 points	0.77%	0.42%
Avery Dennison CorpAVY	FVD +0.34 points	0.07%	0.41%
Oge EnergyOGE	FVD +0.34 points	0.08%	0.42%
Quest Diagnostics IncDGX	FVD +0.34 points	0.09%	0.43%
Willis Towers WatsonWTW	FVD +0.34 points	0.07%	0.41%
Essential Utilities IncWTRG	FVD +0.33 points	0.09%	0.42%
Hubbell IncHUBB	FVD +0.32 points	0.06%	0.38%
Snap On IncSNA	FVD +0.31 points	0.10%	0.41%
Broadridge Financial Solutions IncBR	FVD +0.31 points	0.10%	0.41%
Lockheed MartinLMT	DGRO +0.30 points	0.71%	0.41%
Republic Services IncRSG	FVD +0.29 points	0.12%	0.41%
Alliant Energy CorpLNT	FVD +0.29 points	0.13%	0.42%
Ppg IndustriesPPG	FVD +0.30 points	0.15%	0.45%
BlackRockBLK	DGRO +0.29 points	0.71%	0.42%
NisourceNI	FVD +0.29 points	0.13%	0.42%
Aon PLC Class AAON	FVD +0.29 points	0.15%	0.44%
Nasdaq IncNDAQ	FVD +0.29 points	0.13%	0.42%
Cincinnati FinancialCINF	FVD +0.29 points	0.13%	0.42%
Centerpoint EnergyCNP	FVD +0.28 points	0.14%	0.42%
Paccar IncPCAR	FVD +0.28 points	0.12%	0.40%
Xylem IncXYL	FVD +0.27 points	0.08%	0.35%
Linde PLCLIN	DGRO +0.27 points	0.69%	0.42%
EvergyEVRG	FVD +0.27 points	0.15%	0.42%
Constellation Brands Class ASTZ	FVD +0.27 points	0.14%	0.41%
Principal Financial Group IncPFG	FVD +0.27 points	0.15%	0.42%
Hartford Insurance GroupHIG	FVD +0.26 points	0.14%	0.40%
Atmos EnergyATO	FVD +0.26 points	0.15%	0.41%
Arthur J GallagherAJG	FVD +0.26 points	0.16%	0.42%
American Water WorksAWK	FVD +0.26 points	0.16%	0.42%
Otis WorldwideOTIS	FVD +0.25 points	0.16%	0.41%
Cms EnergyCMS	FVD +0.25 points	0.16%	0.41%
EcolabECL	FVD +0.26 points	0.17%	0.43%
Yum BrandsYUM	FVD +0.25 points	0.18%	0.43%
State StreetSTT	FVD +0.24 points	0.17%	0.41%
AmerenAEE	FVD +0.23 points	0.19%	0.42%
Motorola Solutions IncMSI	FVD +0.24 points	0.18%	0.42%
Pnc Financial Services GroupPNC	DGRO +0.23 points	0.64%	0.41%
Automatic Data Processing IncADP	DGRO +0.22 points	0.62%	0.40%
L3HARRIS TechnologiesLHX	FVD +0.22 points	0.22%	0.44%

All 391 DGRO holdings⁠All 241 FVD 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 FVD Cost

Overpaying FVD vs DGRO

$10,490

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

DGRO 0.08%
$1,689
FVD 0.62%
$12,179

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
FVD 0.62%
Overpaying

Year by year

Year	DGRO	FVD	Overpaying
10	$147	$1,111	$964
20	$575	$4,246	$3,671
30	$1,689	$12,179	$10,490

Expense ratio

0.08%DGRO, cheaper
0.62%FVD

DGRO0.08%FVD0.62%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DGRO 8th cheapest of 52 funds

FVD 49th cheapest of 52 funds

DGRO vs FVD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DGRO 1.84%; FVD 2.21%, better
Payout (12M): DGRO $1.49; FVD $1.12
Last payment: DGRO $0.39; FVD $0.26
Ex-dividend: DGRO Sep 15, 2026; FVD Sep 24, 2026
Paid on: DGRO Sep 18, 2026; FVD Sep 30, 2026
Frequency: DGRO Quarterly; FVD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGROQuarterly · 39 paymentsAll DGRO payments⁠

FVDQuarterly · 39 paymentsAll FVD payments⁠

DGRO vs FVD Risk

Fall from peak · 5 years

DGRO
FVD

Risk facts

VolatilityStd dev, 3 years: DGRO 10.8%, betterFVD 11.9%
Return per unit of riskSharpe ratio, 3 years: DGRO 1.47, betterFVD 0.80
Worst fallMax drawdown, 5 years: DGRO −19.3%FVD −16.4%, better
Market sensitivityBeta, 5 years: DGRO 0.67FVD 0.49; Market = 1

DGRO and FVD 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 FVD

In short

Stated mandate

Why people hold it