DGRO vs ILCV: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

iShares Morningstar Value ETF

ILCVANYSE Arca

Overlap

52.7%by weight

Expense ratio

ILCV −0.04pt a year

DGRO0.08%ILCV0.04%

Avg volume · 30D

DGRO 58.5×the volume

DGRO1.39MILCV23.7K

10Y return · a year

DGRO +1.6pt

DGRO+14.0%ILCV+12.4%

DGRO vs ILCV Performance

Oct 28, 2021 – Oct 28, 2026

+69.1%DGRO+81.2%ILCV

Expense ratio: DGRO 0.08%; ILCV 0.04%, better
Fund size: DGRO $44.7B; ILCV $1.37B
1Y total return: DGRO +18.8%; ILCV +21.2%, better
Yield (12M): DGRO 1.86%, better; ILCV 1.51%
Holdings: DGRO 394; ILCV 375
Avg volume (30D): DGRO 1.39M sh, better; ILCV 23.7K sh
NAV per share: DGRO $79.98; ILCV $109.51
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, ILCV, with each pillar’s weight
Pillar	DGRO	ILCV
Cost30% weight	A88	A99
Mission25% weight	A91	A82
Risk15% weight	A74	A89
Tradability15% weight	A90	B64
Holdings10% weight	B63	C40
Durability5% weight	A87	A82

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

US Dividend Index⁠

Category · 52 funds

See all 52 ›

DGRO ranks 1st of 52 funds in the US Dividend Index Category.

Rank 1ADGROiShares Core Dividend Growth ETFScore 84
Rank 2ADIVBiShares Core Dividend ETFScore 80

US Multifactor⁠

Category · 99 funds

See all 99 ›

ILCV ranks 2nd of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

ILCVAiShares Morningstar Value 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.

ILCV Value done the thorough way: roughly 400 large- and mid-cap US stocks screened on five separate value measures, not just cheap book value. Running since 2004 at four basis points, it's one of the cheapest tickets into the value factor.

Stated mandate

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

ILCV The fund seeks to track an index of U.S. large- and mid-cap stocks selected with value-oriented measures including forward earnings, book value, sales, cash flow, and dividend yield.

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.

ILCV Charges 0.04% a year against a 0.32% median for its factor peer group. Undercuts well-regarded rivals like VONV (0.06%) and FNDX (0.25%).
Value gets defined five ways: forward earnings, book value, sales, cash flow and dividend yield. Wider lens than a single price-to-book screen.ishares.com
Spreads the bet across about 400 large- and mid-cap names and distributes quarterly.
Trading since 2004 and now a multi-billion-dollar fund, it ranks among the strongest implementations in its factor cohort.

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.

ILCV One of the quieter tickers in its category. Thin volume means spreads matter more here than on a mega-cap index fund, and limit orders are the usual tool.
Value-only by design. It skips the market's priciest growth leaders, so it moves differently from a total-market fund in both directions.ishares.com
Large and mid caps only. Small-cap value sits outside the mandate.

Full DGRO profile⁠

Full ILCV profile⁠

DGRO vs ILCV Holdings

Holdings as of Oct 28, 2026

How DGRO and ILCV differ

Overlap by weight

52.7%

Shared holdings make up 86.8% of DGRO and 63.5% of ILCV.

Level by level

Holdings181 in both52.7%
Sector11 Sectors80.4%
Countryby domicile97.9%
Asset classEquity100%

Sector

Sector weights in DGRO and ILCV, widest gap first
Sector	More in DGROMore in ILCV	DGRO	ILCV
Communication	ILCV +8.9 points	0.1%	9.0%
Technology	ILCV +6.0 points	17.5%	23.5%
Consumer Staples	DGRO +5.3 points	12.8%	7.5%
Industrials	DGRO +4.3 points	11.2%	6.9%
Utilities	DGRO +4.1 points	7.1%	3.0%
Health Care	DGRO +4.1 points	17.6%	13.5%
Consumer Discretionary	ILCV +2.6 points	6.0%	8.6%
Real Estate	ILCV +1.6 points	0.0%	1.6%
Financials	DGRO +1.5 points	19.3%	17.8%
Energy	ILCV +0.6 points	5.9%	6.5%
Materials	DGRO +0.3 points	2.4%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and ILCV, widest gap first
Country	More in DGROMore in ILCV	DGRO	ILCV
United States	ILCV +2.0 points	95.1%	97.1%
Ireland	DGRO +1.9 points	3.2%	1.3%
Other countries (6)	DGRO +0.1 points	1.7%	1.6%

Concentration

Weight in the 10 largest Holdings

DGRO27.2%
ILCV35.0%

Securities held

DGRO391
ILCV372

Asset class

DGRO: Equity
ILCV: Equity

Holdings

Only in DGRO210
In both181
Only in ILCV191

Only in DGRO

210 securities, 13.2% of DGRO by weight

Broadcom Inc2.55%
Eli Lilly1.35%
Applied Material Inc0.32%
Fastenal0.26%
Amphenol Corp Class A0.26%
Cummins Inc0.25%
Microchip Technology Inc0.23%
Johnson Controls International PLC0.23%
Lam Research0.22%
Kla0.22%
Ares Management Class A0.22%
Motorola Solutions Inc0.18%
Ecolab0.17%
Cintas0.17%
Aon PLC Class A0.14%
Rockwell Automation Inc0.14%
Msci0.13%
Moodys Corp0.13%
Nasdaq Inc0.13%
Cencora0.10%
Ww Grainger Inc0.10%
Mccormick & Co Non-Voting0.10%
Essential Utilities Inc0.09%
Monolithic Power Systems Inc0.08%
Oge Energy0.08%
Dt Midstream0.08%
Equitable Holdings0.07%
Ametek Inc0.07%
Booz Allen Hamilton Holding Class0.07%
Avery Dennison Corp0.07%
Vistra0.07%
Ch Robinson Worldwide0.06%
Brown Forman Class B0.06%
Masco0.06%
Unum0.06%
Hubbell Inc0.06%
American Financial Group0.06%
Old Republic International0.06%
Vulcan Materials0.06%
Reinsurance Group of America0.06%
Rpm International Inc0.06%
Prosperity Bancshares0.06%
Zions Bancorporation0.05%
Cullen Frost Bankers0.05%
Everest Group0.05%
Southstate Bank Corp0.05%
Black Hills Corp0.05%
Invesco Ltd0.05%
Dominos Pizza0.05%
Rollins Inc0.05%

Only in ILCV

191 securities, 36.4% of ILCV by weight

Amazon.com Inc3.21%
Berkshire Hathaway Inc Class B2.86%
Meta Platforms Class A2.49%
Alphabet Class A2.31%
Alphabet Class C1.86%
Micron Technology1.35%
Tesla Inc1.25%
Chevron1.22%
Salesforce0.55%
Walt Disney0.54%
Verizon Communications Inc0.52%
Pfizer0.49%
Texas Instrument0.44%
AT&T0.41%
Progressive0.37%
Bristol Myers Squibb0.36%
Capital One Financial Corp0.36%
Altria Group Inc0.35%
Prologis Reit0.34%
Newmont0.34%
Cvs Health0.33%
Booking Holdings0.32%
Valero Energy Corp0.32%
Sandisk0.29%
Adobe Inc0.28%
Uber Technologies0.27%
Charles Schwab0.27%
Vertex Pharmaceuticals0.27%
Us Bancorp0.27%
3M0.25%
American Tower Reit0.25%
Regeneron Pharmaceuticals0.23%
Hewlett Packard Enterprise0.23%
Slb0.23%
United Parcel Service Inc Class B0.23%
Comcast Class A0.22%
Moderna0.21%
T Mobile Us Inc0.20%
General Motors0.20%
Target Corp0.19%
Kinder Morgan0.19%
Boston Scientific0.19%
Marathon Petroleum0.18%
Blackstone0.17%
Oneok0.17%
Truist Financial0.17%
Starbucks Corp0.16%
Devon Energy0.16%
Dominion Energy0.16%
Delta Air Lines0.15%

Weight gaps

The 100 widest of 181 Holdings in both funds.

Holding weights in DGRO and ILCV, widest gap first
Holding	More in DGROMore in ILCV	DGRO	ILCV
MicrosoftMSFT	ILCV +5.36 points	3.14%	8.50%
AppleAAPL	ILCV +4.12 points	3.11%	7.23%
AbbVieABBV	DGRO +1.56 points	3.00%	1.44%
Procter & GamblePG	DGRO +1.36 points	2.42%	1.06%
Philip Morris InternationalPM	DGRO +1.33 points	2.23%	0.90%
PepsicoPEP	DGRO +1.20 points	1.72%	0.52%
Exxonmobil Holdings CorpXOM	DGRO +1.13 points	3.24%	2.11%
Home DepotHD	DGRO +1.12 points	2.03%	0.91%
Johnson & JohnsonJNJ	DGRO +0.92 points	2.77%	1.85%
Coca-ColaKO	DGRO +0.87 points	1.89%	1.02%
UnitedHealth GroupUNH	DGRO +0.84 points	1.89%	1.05%
International Business Machines CoIBM	DGRO +0.82 points	1.49%	0.67%
Merck & Co IncMRK	DGRO +0.74 points	1.74%	1.00%
Accenture PLC Class AACN	DGRO +0.69 points	1.10%	0.41%
Nextera EnergyNEE	DGRO +0.64 points	1.13%	0.49%
Mcdonalds CorpMCD	DGRO +0.63 points	1.13%	0.50%
Thermo Fisher ScientificTMO	ILCV +0.56 points	0.17%	0.73%
Amgen IncAMGN	DGRO +0.54 points	1.23%	0.69%
Wells FargoWFC	DGRO +0.51 points	1.22%	0.71%
SouthernSO	DGRO +0.51 points	0.81%	0.30%
Duke Energy CorpDUK	DGRO +0.49 points	0.77%	0.28%
ConocophillipsCOP	DGRO +0.47 points	0.98%	0.51%
Medtronic PLCMDT	DGRO +0.47 points	0.81%	0.34%
Abbott LaboratoriesABT	DGRO +0.40 points	0.91%	0.51%
Morgan StanleyMS	DGRO +0.40 points	1.03%	0.63%
Pnc Financial Services GroupPNC	DGRO +0.39 points	0.65%	0.26%
QualcommQCOM	DGRO +0.38 points	0.94%	0.56%
Gilead SciencesGILD	DGRO +0.38 points	0.94%	0.56%
American Electric Power IncAEP	DGRO +0.36 points	0.48%	0.12%
Lockheed MartinLMT	DGRO +0.35 points	0.70%	0.35%
Bank of AmericaBAC	DGRO +0.35 points	1.29%	0.94%
Mondelez International Class AMDLZ	DGRO +0.34 points	0.57%	0.23%
Illinois Tool IncITW	DGRO +0.30 points	0.41%	0.11%
Automatic Data Processing IncADP	DGRO +0.30 points	0.63%	0.33%
CitigroupC	DGRO +0.29 points	0.88%	0.59%
OracleORCL	DGRO +0.29 points	0.62%	0.33%
Eog ResourcesEOG	DGRO +0.28 points	0.52%	0.24%
Lowes Companies IncLOW	DGRO +0.28 points	0.60%	0.32%
Analog DevicesADI	DGRO +0.27 points	0.55%	0.28%
MarshMRSH	DGRO +0.27 points	0.43%	0.16%
Union PacificUNP	DGRO +0.26 points	0.77%	0.51%
BlackRockBLK	DGRO +0.26 points	0.71%	0.45%
Air Products and ChemicalsAPD	DGRO +0.25 points	0.36%	0.11%
Goldman Sachs GroupGS	DGRO +0.25 points	1.01%	0.76%
Colgate-PalmoliveCL	DGRO +0.25 points	0.39%	0.14%
Cisco Systems IncCSCO	DGRO +0.24 points	1.49%	1.25%
Wec Energy GroupWEC	DGRO +0.23 points	0.29%	0.06%
Fifth Third BancorpFITB	DGRO +0.23 points	0.31%	0.08%
Bank of New York Mellon CorpBNY	DGRO +0.23 points	0.34%	0.11%
SempraSRE	DGRO +0.22 points	0.38%	0.16%
Public Service Enterprise GroupPEG	DGRO +0.22 points	0.29%	0.07%
TjxTJX	DGRO +0.21 points	0.49%	0.28%
Northrop Grumman CorpNOC	DGRO +0.20 points	0.33%	0.13%
Xcel Energy IncXEL	DGRO +0.20 points	0.34%	0.14%
Entergy CorpETR	DGRO +0.20 points	0.27%	0.07%
Emerson ElectricEMR	DGRO +0.20 points	0.30%	0.10%
Consolidated EdisonED	DGRO +0.19 points	0.31%	0.12%
Nxp Semiconductors NVNXPI	DGRO +0.18 points	0.24%	0.06%
DanaherDHR	ILCV +0.17 points	0.25%	0.42%
Phillips 66PSX	DGRO +0.16 points	0.47%	0.31%
WalmartWMT	DGRO +0.16 points	1.06%	0.90%
Keurig Dr Pepper IncKDP	DGRO +0.16 points	0.29%	0.13%
L3HARRIS TechnologiesLHX	DGRO +0.16 points	0.21%	0.05%
Caterpillar IncCAT	DGRO +0.15 points	0.58%	0.43%
CignaCI	DGRO +0.15 points	0.37%	0.22%
CsxCSX	DGRO +0.15 points	0.24%	0.09%
Mckesson CorpMCK	ILCV +0.15 points	0.09%	0.24%
Te Connectivity PLCTEL	DGRO +0.14 points	0.21%	0.07%
Zoetis Inc Class AZTS	DGRO +0.15 points	0.20%	0.05%
Allstate CorpALL	DGRO +0.14 points	0.23%	0.09%
AmerenAEE	DGRO +0.14 points	0.19%	0.05%
JPMorgan Chase & CoJPM	DGRO +0.13 points	2.68%	2.55%
Yum BrandsYUM	DGRO +0.13 points	0.17%	0.04%
MetlifeMET	DGRO +0.13 points	0.28%	0.15%
Dte EnergyDTE	DGRO +0.13 points	0.21%	0.08%
Cme Group Class ACME	DGRO +0.13 points	0.43%	0.30%
SyscoSYY	DGRO +0.13 points	0.24%	0.11%
Darden Restaurants IncDRI	DGRO +0.12 points	0.16%	0.04%
Cms EnergyCMS	DGRO +0.12 points	0.16%	0.04%
Becton DickinsonBDX	DGRO +0.12 points	0.27%	0.15%
GarminGRMN	DGRO +0.12 points	0.16%	0.04%
KrogerKR	DGRO +0.11 points	0.22%	0.11%
American Water WorksAWK	DGRO +0.11 points	0.16%	0.05%
Atmos EnergyATO	DGRO +0.11 points	0.15%	0.04%
Centerpoint EnergyCNP	DGRO +0.11 points	0.15%	0.04%
Crh Public Limited PLCCRH	DGRO +0.10 points	0.21%	0.11%
State StreetSTT	DGRO +0.11 points	0.18%	0.07%
NisourceNI	DGRO +0.10 points	0.13%	0.03%
Carrier GlobalCARR	DGRO +0.10 points	0.16%	0.06%
Otis WorldwideOTIS	DGRO +0.10 points	0.15%	0.05%
Ferguson EnterprisesFERG	DGRO +0.10 points	0.15%	0.05%
AflacAFL	DGRO +0.09 points	0.25%	0.16%
Visa Class AV	DGRO +0.10 points	1.08%	0.98%
Cincinnati FinancialCINF	DGRO +0.10 points	0.14%	0.04%
Eaton PLCETN	DGRO +0.09 points	0.35%	0.26%
Tyson Foods Inc Class ATSN	DGRO +0.09 points	0.14%	0.05%
Archer Daniels MidlandADM	DGRO +0.09 points	0.19%	0.10%
EvergyEVRG	DGRO +0.09 points	0.15%	0.06%
General Dynamics CorpGD	DGRO +0.09 points	0.34%	0.25%
RtxRTX	DGRO +0.09 points	0.84%	0.75%

All 391 DGRO holdings⁠All 372 ILCV 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 ILCV Cost

Overpaying DGRO vs ILCV

$840

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

DGRO 0.08%
$1,689
ILCV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
ILCV 0.04%
Overpaying

Year by year

Year	DGRO	ILCV	Overpaying
10	$147	$73	$74
20	$575	$288	$287
30	$1,689	$849	$840

Expense ratio

0.08%DGRO
0.04%ILCV, cheaper

Different Categories, so each fee sits in its own Category’s range.

DGRO among 52 US Dividend Index funds

DGRO0.08%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DGRO 8th cheapest of 52 funds

ILCV among 99 US Multifactor funds

ILCV0.04%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

DGRO vs ILCV Dividends

Last 12 months to Oct 28, 2026

Yield (12M): DGRO 1.86%, better; ILCV 1.51%
Payout (12M): DGRO $1.49; ILCV $1.65
Last payment: DGRO $0.39; ILCV $0.42
Ex-dividend: DGRO Sep 15, 2026; ILCV Sep 15, 2026
Paid on: DGRO Sep 18, 2026; ILCV Sep 18, 2026
Frequency: DGRO Quarterly; ILCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGROQuarterly · 39 paymentsAll DGRO payments⁠

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

DGRO vs ILCV Risk

Fall from peak · 5 years

DGRO
ILCV

Risk facts

VolatilityStd dev, 3 years: DGRO 10.5%, betterILCV 11.0%
Return per unit of riskSharpe ratio, 3 years: DGRO 1.18ILCV 1.31, better
Worst fallMax drawdown, 5 years: DGRO −19.3%ILCV −18.6%, better
Market sensitivityBeta, 5 years: DGRO 0.67ILCV 0.82; Market = 1

DGRO and ILCV in the news

All news⁠

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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