DGRO vs HDV: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

iShares Core High Dividend ETF

HDVANYSE Arca

Overlap

30.5%by weight

Expense ratio

DGRO0.08%HDV0.08%

Avg volume · 30D

HDV 3.4×the volume

DGRO1.39MHDV4.66M

10Y return · a year

DGRO +3.3pt

DGRO+14.3%HDV+11.0%

DGRO vs HDV Performance

Nov 2, 2021 – Nov 2, 2026

+70.2%DGRO+87.3%HDV

Expense ratio: DGRO 0.08%; HDV 0.08%
Fund size: DGRO $45.3B; HDV $16.3B
1Y total return: DGRO +21.8%; HDV +34.6%, better
Yield (12M): DGRO 1.84%; HDV 3.09%, better
Holdings: DGRO 394; HDV 77
Avg volume (30D): DGRO 1.39M sh; HDV 4.66M sh, better
NAV per share: DGRO $81.00; HDV $31.03
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, HDV, with each pillar’s weight
Pillar	DGRO	HDV
Cost30% weight	A88	A88
Mission25% weight	A98Higher	C53
Risk15% weight	A77	A86Higher
Tradability15% weight	A91Higher	A82
Holdings10% weight	B62Higher	F20
Durability5% weight	A87	A87

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DGRO and HDV 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 HDV 11th 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 8AFDVVFidelity High Dividend ETF Score 71
Rank 11AHDViShares Core High Dividend ETFScore 70
Rank 11AUDIVFranklin U.S. Core Dividend Tilt Index ETFScore 70

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

HDVAiShares Core 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.

HDV A high-yield screen with a quality gate. HDV holds roughly 80 U.S. dividend payers from a Morningstar index that weighs company quality and value alongside yield, at a Core-lineup fee of 0.08%.

Stated mandate

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

HDV The fund seeks to track an index of high-dividend-yielding U.S. stocks and provides income-oriented exposure through U.S. equities.

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.

HDV 0.08% a year is one of the cheaper tickets in the dividend-screen aisle, well under the typical fee among its peers.ishares.com
The index applies quality and value screens, so a fat yield alone doesn't earn a stock a spot.ishares.com
Running since 2011 and now a multi-billion-dollar, actively traded fund inside the iShares Core lineup. Long-established plumbing, not a new launch.
Straightforward US stock fund in a standard 1940 Act wrapper, paying income on a quarterly schedule.

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.

HDV About 80 holdings, so single names and sector tilts carry more weight here than in a broad-market index fund.
A yield-and-value screen leans toward mature payers and away from low-payout growth companies, so the mix looks different from the total market.
Different flavor from cohort stablemate DGRO, which targets dividend growth rather than the highest current yields.

Full DGRO profile⁠

Full HDV profile⁠

DGRO vs HDV Holdings

How DGRO and HDV differ

Overlap by weight

30.5%

Shared holdings make up 70.1% of HDV and 30.5% of DGRO.

Level by level

Holdings49 in both30.5%
Sector10 Sectors53.8%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in DGRO and HDV, widest gap first
Sector	More in DGROMore in HDV	DGRO	HDV
Energy	HDV +19.7 points	5.8%	25.5%
Technology	DGRO +17.3 points	17.8%	0.5%
Financials	DGRO +14.7 points	19.4%	4.7%
Consumer Staples	HDV +14.1 points	12.6%	26.7%
Industrials	DGRO +8.6 points	11.2%	2.6%
Communication	HDV +5.0 points	0.1%	5.1%
Health Care	DGRO +4.1 points	17.6%	13.5%
Utilities	HDV +3.9 points	7.1%	11.0%
Consumer Discretionary	HDV +3.5 points	6.1%	9.6%
Materials	DGRO +1.6 points	2.4%	0.8%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and HDV, widest gap first
Country	More in DGROMore in HDV	DGRO	HDV
United States	HDV +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%
HDV55.9%

Securities held

DGRO391
HDV74

Asset class

DGRO: Equity
HDV: Equity

Holdings

Only in DGRO342
In both49
Only in HDV25

Only in DGRO

342 securities, 69.5% of DGRO by weight

Microsoft3.04%
Apple3.04%
Johnson & Johnson2.78%
JPMorgan Chase & Co2.66%
Broadcom Inc2.40%
UnitedHealth Group1.85%
Merck & Co Inc1.81%
International Business Machines Co1.52%
Eli Lilly1.48%
Cisco Systems Inc1.38%
Bank of America1.26%
Wells Fargo1.22%
Accenture PLC Class A1.20%
Visa Class A1.09%
Walmart1.08%
Morgan Stanley1.00%
Gilead Sciences1.00%
Goldman Sachs Group0.98%
Citigroup0.87%
Rtx0.85%
Qualcomm0.83%
Duke Energy Corp0.78%
Union Pacific0.77%
Lockheed Martin0.71%
BlackRock0.71%
Linde PLC0.69%
Mastercard Class A0.67%
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%
American Electric Power Inc0.47%
Marsh0.44%
Cme Group Class A0.44%
American Express0.43%
Colgate-Palmolive0.40%
Sempra0.38%
Cigna0.36%
General Dynamics Corp0.35%
Deere0.34%
Eaton PLC0.33%
Chubb0.33%
Bank of New York Mellon Corp0.33%
Northrop Grumman Corp0.33%
Waste Management Inc0.32%
Elevance Health Inc0.32%

Only in HDV

25 securities, 29.9% of HDV by weight

Chevron7.26%
Verizon Communications Inc5.07%
Altria Group Inc3.88%
Blackstone1.63%
Starbucks Corp1.35%
Oneok1.32%
Williams1.24%
Kinder Morgan1.22%
Dominion Energy1.10%
Kimberly Clark0.85%
Devon Energy0.74%
Kenvue0.73%
Paychex0.68%
T Rowe Price Group0.51%
Firstenergy Corp0.49%
Ppl Corp0.40%
Hershey Foods0.38%
Viper Energy Inc Class A0.27%
Hasbro0.22%
Las Vegas Sands0.13%
Antero Midstream0.13%
Carlyle Group Inc0.13%
Southwest Gas Holdings0.09%
Msc Industrial Class A0.07%
Reynolds Consumer Products Inc0.03%

Weight gaps

All 49 Holdings in both funds, largest gap first.

Holding weights in DGRO and HDV, widest gap first
Holding	More in DGROMore in HDV	DGRO	HDV
Exxonmobil Holdings CorpXOM	HDV +6.28 points	3.33%	9.61%
AbbVieABBV	HDV +3.75 points	3.05%	6.80%
Procter & GamblePG	HDV +2.98 points	2.42%	5.40%
Philip Morris InternationalPM	HDV +2.79 points	2.27%	5.06%
Home DepotHD	HDV +2.54 points	2.07%	4.61%
Coca-ColaKO	HDV +2.36 points	1.92%	4.28%
PepsicoPEP	HDV +2.15 points	1.75%	3.90%
Amgen IncAMGN	HDV +1.55 points	1.26%	2.81%
Mcdonalds CorpMCD	HDV +1.42 points	1.15%	2.57%
Nextera EnergyNEE	HDV +1.39 points	1.13%	2.52%
ConocophillipsCOP	HDV +1.24 points	1.00%	2.24%
Abbott LaboratoriesABT	HDV +1.14 points	0.93%	2.07%
Medtronic PLCMDT	HDV +1.01 points	0.82%	1.83%
SouthernSO	HDV +0.99 points	0.81%	1.80%
Pnc Financial Services GroupPNC	HDV +0.79 points	0.64%	1.43%
Mondelez International Class AMDLZ	HDV +0.72 points	0.59%	1.31%
Eog ResourcesEOG	HDV +0.65 points	0.53%	1.18%
Illinois Tool IncITW	HDV +0.50 points	0.41%	0.91%
Air Products and ChemicalsAPD	HDV +0.45 points	0.37%	0.82%
Xcel Energy IncXEL	HDV +0.42 points	0.34%	0.76%
Wec Energy GroupWEC	HDV +0.37 points	0.29%	0.66%
Public Service Enterprise GroupPEG	HDV +0.36 points	0.29%	0.65%
SyscoSYY	HDV +0.29 points	0.24%	0.53%
Microchip Technology IncMCHP	HDV +0.28 points	0.22%	0.50%
Dte EnergyDTE	HDV +0.25 points	0.21%	0.46%
AmerenAEE	HDV +0.23 points	0.19%	0.42%
M&T BankMTB	HDV +0.22 points	0.17%	0.40%
Darden Restaurants IncDRI	HDV +0.21 points	0.16%	0.36%
Cms EnergyCMS	HDV +0.19 points	0.16%	0.35%
Otis WorldwideOTIS	HDV +0.19 points	0.16%	0.35%
EvergyEVRG	HDV +0.18 points	0.15%	0.33%
Constellation Brands Class ASTZ	HDV +0.17 points	0.14%	0.31%
Alliant Energy CorpLNT	HDV +0.15 points	0.13%	0.28%
Broadridge Financial Solutions IncBR	HDV +0.13 points	0.10%	0.23%
Tractor SupplyTSCO	HDV +0.12 points	0.10%	0.22%
Snap On IncSNA	HDV +0.12 points	0.10%	0.22%
Essential Utilities IncWTRG	HDV +0.12 points	0.09%	0.21%
Oge EnergyOGE	HDV +0.10 points	0.08%	0.18%
Dt MidstreamDTM	HDV +0.10 points	0.07%	0.17%
Prosperity BancsharesPB	HDV +0.08 points	0.06%	0.14%
American Financial GroupAFG	HDV +0.07 points	0.06%	0.13%
Cullen Frost BankersCFR	HDV +0.07 points	0.05%	0.12%
Dominos PizzaDPZ	HDV +0.06 points	0.05%	0.11%
Ingredion IncINGR	HDV +0.05 points	0.04%	0.09%
National Fuel GasNFG	HDV +0.06 points	0.04%	0.10%
IdacorpIDA	HDV +0.06 points	0.04%	0.10%
Home Bancshares IncHOMB	HDV +0.04 points	0.04%	0.08%
A O SmithAOS	HDV +0.04 points	0.04%	0.08%
Txnm Energy IncTXNM	HDV +0.04 points	0.04%	0.08%

All 391 DGRO holdings⁠All 74 HDV 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 HDV Cost

Same expense ratio

$1,689

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

DGRO 0.08%
$1,689
HDV 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
HDV 0.08%

Year by year

Year	DGRO	HDV
10	$147	$147
20	$575	$575
30	$1,689	$1,689

Expense ratio

0.08%DGRO
0.08%HDV

DGRO0.08%HDV0.08%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DGRO 8th cheapest of 52 funds

HDV 8th cheapest of 52 funds

DGRO vs HDV Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DGRO 1.84%; HDV 3.09%, better
Payout (12M): DGRO $1.49; HDV $0.96
Last payment: DGRO $0.39; HDV $0.11
Ex-dividend: DGRO Sep 15, 2026; HDV Oct 21, 2026
Paid on: DGRO Sep 18, 2026; HDV Oct 26, 2026
Frequency: DGRO Quarterly; HDV Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DGROQuarterly · 15 paymentsAll DGRO payments⁠

HDVMonthly · 18 paymentsAll HDV payments⁠

DGRO vs HDV Risk

Fall from peak · 5 years

DGRO
HDV

Risk facts

VolatilityStd dev, 3 years: DGRO 10.8%, betterHDV 12.8%
Return per unit of riskSharpe ratio, 3 years: DGRO 1.47, betterHDV 1.26
Worst fallMax drawdown, 5 years: DGRO −19.3%HDV −15.4%, better
Market sensitivityBeta, 5 years: DGRO 0.67HDV 0.30; Market = 1

DGRO and HDV 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 HDV

In short

Stated mandate

Why people hold it