DGRO vs IVV: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

iShares Core S&P 500 ETF

IVVANYSE Arca

Overlap

42.9%by weight

Expense ratio

IVV −0.05pt a year

DGRO0.08%IVV0.03%

Avg volume · 30D

IVV 4.6×the volume

DGRO1.39MIVV6.39M

10Y return · a year

IVV +1.7pt

DGRO+14.0%IVV+15.7%

DGRO vs IVV Performance

Oct 28, 2021 – Oct 28, 2026

+69.1%DGRO+80.7%IVV

Expense ratio: DGRO 0.08%; IVV 0.03%, better
Fund size: DGRO $44.7B; IVV $889B
1Y total return: DGRO +18.8%, better; IVV +13.7%
Yield (12M): DGRO 1.86%, better; IVV 1.08%
Holdings: DGRO 394; IVV 507
Avg volume (30D): DGRO 1.39M sh; IVV 6.39M sh, better
NAV per share: DGRO $79.98; IVV $775.30
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, IVV, with each pillar’s weight
Pillar	DGRO	IVV
Cost30% weight	A88	A84
Mission25% weight	A91	A100
Risk15% weight	A74	C51
Tradability15% weight	A90	A80
Holdings10% weight	B63	B55
Durability5% weight	A87	A86

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

S&P 500⁠

Category · 14 funds

See all 14 ›

IVV ranks 2nd of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79
Rank 3AVOOVanguard S&P 500 ETFScore 74

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

IVVAiShares Core S&P 500 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.

IVV The 2000-vintage iShares take on the S&P 500, now a $100B-plus cornerstone holding: roughly 500 large US companies, 0.03% a year, and tracking that stays tight to the index.

Stated mandate

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

IVV The fund seeks to track the investment results of an index made up of large-capitalization 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.

IVV Costs 0.03% a year, a fraction of the typical fee among S&P 500 trackers, and undercuts the category's founding fund (SPY, 0.09%) on the same index.
Tracking is the whole job, and it does it about as tightly as this peer group gets: roughly 500 large US companies, no manager discretion bolted on.
A $100B-plus fund that trades heavily all session, which is what keeps bid-ask spreads thin for retail-sized orders and institutional blocks alike.
Running since 2000 as a registered open-end fund, with quarterly distributions and one of the longest live records in the S&P 500 aisle.ishares.com

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.

IVV Pure US large cap. No mid caps, no small caps, nothing overseas, so it works as one slab of a portfolio rather than the whole thing.
It rides the index in both directions: when the S&P 500 has an ugly year, this has the same ugly year, minus the fee.
A near-identical rival shaves a basis point (SPYM at 0.02%). On $10,000 that gap is about a dollar a year, so structure and trading habits matter more.

Full DGRO profile⁠

Full IVV profile⁠

DGRO vs IVV Holdings

Holdings as of Oct 28, 2026

How DGRO and IVV differ

Overlap by weight

42.9%

Shared holdings make up 95.3% of DGRO and 51.7% of IVV.

Level by level

Holdings228 in both42.9%
Sector11 Sectors66.2%
Countryby domicile97.2%
Asset classEquity100%

Sector

Sector weights in DGRO and IVV, widest gap first
Sector	More in DGROMore in IVV	DGRO	IVV
Technology	IVV +20.1 points	17.5%	37.6%
Communication	IVV +9.1 points	0.1%	9.2%
Consumer Staples	DGRO +7.8 points	12.8%	5.0%
Health Care	DGRO +7.7 points	17.6%	9.9%
Financials	DGRO +7.2 points	19.3%	12.1%
Utilities	DGRO +5.1 points	7.1%	2.0%
Industrials	DGRO +3.2 points	11.2%	8.0%
Consumer Discretionary	IVV +3.0 points	6.0%	9.0%
Energy	DGRO +2.2 points	5.9%	3.7%
Real Estate	IVV +1.8 points	0.0%	1.8%
Materials	DGRO +0.7 points	2.4%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and IVV, widest gap first
Country	More in DGROMore in IVV	DGRO	IVV
United States	IVV +2.8 points	95.1%	97.9%
Ireland	DGRO +2.0 points	3.2%	1.2%
Other countries (6)	DGRO +0.8 points	1.7%	0.9%

Concentration

Weight in the 10 largest Holdings

DGRO27.2%
IVV38.1%

Securities held

DGRO391
IVV504

Asset class

DGRO: Equity
IVV: Equity

Holdings

Only in DGRO163
In both228
Only in IVV276

Only in DGRO

163 securities, 4.7% of DGRO by weight

Cheniere Energy0.10%
East West Bancorp0.10%
Essential Utilities Inc0.09%
Fidelity National Financial Inc0.08%
Ovintiv0.08%
Oge Energy0.08%
Dt Midstream0.08%
Royalty Pharma PLC Class A0.08%
Equitable Holdings0.07%
Dicks Sporting0.07%
Booz Allen Hamilton Holding Class0.07%
Reliance Steel & Aluminum0.06%
Unum0.06%
American Financial Group0.06%
Old Republic International0.06%
Reinsurance Group of America0.06%
Rpm International Inc0.06%
Prosperity Bancshares0.06%
Zions Bancorporation0.05%
Cullen Frost Bankers0.05%
Southstate Bank Corp0.05%
Black Hills Corp0.05%
Ss and C Technologies Holdings0.05%
Lamb Weston Holdings0.05%
National Fuel Gas0.05%
Service0.05%
Owens Corning0.05%
H&R Block Inc0.05%
Carlisle Companies0.04%
Jefferies Financial Group Inc0.04%
Spire Inc0.04%
Idacorp0.04%
Nexstar Media Group Inc0.04%
First American Financial Corp0.04%
Northwestern Energy Group0.04%
New Jersey Resources Corp0.04%
Lincoln Electric Holdings0.04%
Popular0.04%
Ingredion Inc0.04%
Bank Ozk0.04%
Pool0.04%
Texas Roadhouse Inc0.04%
Home Bancshares Inc0.04%
Ryder System0.04%
Toro0.04%
Graco0.04%
Matador Resources0.04%
Stifel Financial0.04%
Txnm Energy Inc0.04%
Western Alliance0.04%

Only in IVV

276 securities, 48.3% of IVV by weight

NVIDIA7.92%
Amazon.com Inc3.73%
Alphabet Class A2.83%
Alphabet Class C2.26%
Meta Platforms Class A2.05%
Tesla Inc1.72%
Micron Technology1.58%
Berkshire Hathaway Inc Class B1.52%
Advanced Micro Devices1.37%
Intel Corporation0.70%
Palantir Technologies Class A0.69%
Chevron0.68%
Palo Alto Networks0.49%
Ge Aerospace0.46%
Texas Instrument0.42%
Crowdstrike Holdings Class A0.41%
Netflix0.39%
Ge Vernova0.36%
Marvell Technology0.32%
Salesforce0.30%
Arista Networks0.29%
Sandisk0.29%
Walt Disney0.29%
Verizon Communications Inc0.27%
Pfizer0.26%
Welltower0.25%
Servicenow0.24%
Intuitive Surgical0.24%
Dell Technologies Inc Class C0.23%
Seagate Technology Holdings PLC0.23%
Charles Schwab0.22%
AT&T0.22%
Western Digital Corp0.21%
Uber Technologies0.20%
Boeing0.20%
Vertex Pharmaceuticals0.20%
Progressive0.20%
Bristol Myers Squibb0.19%
Capital One Financial Corp0.19%
Altria Group Inc0.18%
Marathon Petroleum0.18%
Prologis Reit0.18%
Newmont0.18%
Starbucks Corp0.18%
Cvs Health0.18%
Fortinet0.17%
Booking Holdings0.17%
Valero Energy Corp0.17%
Corning0.15%
Adobe Inc0.15%

Weight gaps

The 100 widest of 228 Holdings in both funds.

Holding weights in DGRO and IVV, widest gap first
Holding	More in DGROMore in IVV	DGRO	IVV
AppleAAPL	IVV +4.50 points	3.11%	7.61%
MicrosoftMSFT	IVV +2.79 points	3.14%	5.93%
AbbVieABBV	DGRO +2.24 points	3.00%	0.76%
Exxonmobil Holdings CorpXOM	DGRO +2.13 points	3.24%	1.11%
Procter & GamblePG	DGRO +1.86 points	2.42%	0.56%
Johnson & JohnsonJNJ	DGRO +1.80 points	2.77%	0.97%
Philip Morris InternationalPM	DGRO +1.76 points	2.23%	0.47%
Home DepotHD	DGRO +1.55 points	2.03%	0.48%
PepsicoPEP	DGRO +1.45 points	1.72%	0.27%
Coca-ColaKO	DGRO +1.36 points	1.89%	0.53%
JPMorgan Chase & CoJPM	DGRO +1.34 points	2.68%	1.34%
UnitedHealth GroupUNH	DGRO +1.34 points	1.89%	0.55%
Merck & Co IncMRK	DGRO +1.21 points	1.74%	0.53%
International Business Machines CoIBM	DGRO +1.14 points	1.49%	0.35%
Accenture PLC Class AACN	DGRO +0.88 points	1.10%	0.22%
Nextera EnergyNEE	DGRO +0.87 points	1.13%	0.26%
Mcdonalds CorpMCD	DGRO +0.86 points	1.13%	0.27%
Amgen IncAMGN	DGRO +0.87 points	1.23%	0.36%
Wells FargoWFC	DGRO +0.84 points	1.22%	0.38%
Cisco Systems IncCSCO	DGRO +0.83 points	1.49%	0.66%
Bank of AmericaBAC	DGRO +0.79 points	1.29%	0.49%
ConocophillipsCOP	DGRO +0.71 points	0.98%	0.27%
Morgan StanleyMS	DGRO +0.69 points	1.03%	0.34%
SouthernSO	DGRO +0.65 points	0.81%	0.16%
Gilead SciencesGILD	DGRO +0.64 points	0.94%	0.30%
Abbott LaboratoriesABT	DGRO +0.64 points	0.91%	0.27%
QualcommQCOM	DGRO +0.64 points	0.94%	0.30%
Medtronic PLCMDT	DGRO +0.64 points	0.81%	0.17%
Duke Energy CorpDUK	DGRO +0.62 points	0.77%	0.15%
Goldman Sachs GroupGS	DGRO +0.61 points	1.01%	0.40%
CitigroupC	DGRO +0.57 points	0.88%	0.31%
Lockheed MartinLMT	DGRO +0.51 points	0.70%	0.19%
Pnc Financial Services GroupPNC	DGRO +0.51 points	0.65%	0.14%
Union PacificUNP	DGRO +0.50 points	0.77%	0.27%
BlackRockBLK	DGRO +0.46 points	0.71%	0.25%
Automatic Data Processing IncADP	DGRO +0.46 points	0.63%	0.17%
Mondelez International Class AMDLZ	DGRO +0.45 points	0.57%	0.12%
RtxRTX	DGRO +0.45 points	0.84%	0.39%
Lowes Companies IncLOW	DGRO +0.43 points	0.60%	0.17%
Eog ResourcesEOG	DGRO +0.39 points	0.52%	0.13%
American Electric Power IncAEP	DGRO +0.37 points	0.48%	0.11%
Linde PLCLIN	DGRO +0.34 points	0.69%	0.35%
Phillips 66PSX	DGRO +0.31 points	0.47%	0.16%
Illinois Tool IncITW	DGRO +0.30 points	0.41%	0.11%
SempraSRE	DGRO +0.30 points	0.38%	0.08%
MarshMRSH	DGRO +0.29 points	0.43%	0.14%
Colgate-PalmoliveCL	DGRO +0.28 points	0.39%	0.11%
OracleORCL	DGRO +0.28 points	0.62%	0.34%
Cme Group Class ACME	DGRO +0.27 points	0.43%	0.16%
WalmartWMT	DGRO +0.26 points	1.06%	0.80%
Xcel Energy IncXEL	DGRO +0.27 points	0.34%	0.07%
TjxTJX	DGRO +0.26 points	0.49%	0.23%
Air Products and ChemicalsAPD	DGRO +0.26 points	0.36%	0.10%
CignaCI	DGRO +0.25 points	0.37%	0.12%
Consolidated EdisonED	DGRO +0.25 points	0.31%	0.06%
Analog DevicesADI	DGRO +0.24 points	0.55%	0.31%
Fifth Third BancorpFITB	DGRO +0.24 points	0.31%	0.07%
Public Service Enterprise GroupPEG	DGRO +0.24 points	0.29%	0.05%
Wec Energy GroupWEC	DGRO +0.24 points	0.29%	0.05%
Lam ResearchLRCX	IVV +0.23 points	0.22%	0.45%
Keurig Dr Pepper IncKDP	DGRO +0.22 points	0.29%	0.07%
Northrop Grumman CorpNOC	DGRO +0.22 points	0.33%	0.11%
Thermo Fisher ScientificTMO	IVV +0.21 points	0.17%	0.38%
MetlifeMET	DGRO +0.20 points	0.28%	0.08%
Waste Management IncWM	DGRO +0.20 points	0.33%	0.13%
General Dynamics CorpGD	DGRO +0.20 points	0.34%	0.14%
Elevance Health IncELV	DGRO +0.19 points	0.33%	0.14%
Entergy CorpETR	DGRO +0.19 points	0.27%	0.08%
Eli LillyLLY	IVV +0.19 points	1.35%	1.54%
Becton DickinsonBDX	DGRO +0.19 points	0.27%	0.08%
Bank of New York Mellon CorpBNY	DGRO +0.19 points	0.34%	0.15%
SyscoSYY	DGRO +0.18 points	0.24%	0.06%
American ExpressAXP	DGRO +0.17 points	0.42%	0.25%
Ares Management Class AARES	DGRO +0.18 points	0.22%	0.04%
FastenalFAST	DGRO +0.17 points	0.26%	0.09%
Microchip Technology IncMCHP	DGRO +0.16 points	0.23%	0.07%
AflacAFL	DGRO +0.17 points	0.25%	0.08%
Dte EnergyDTE	DGRO +0.17 points	0.21%	0.04%
KrogerKR	DGRO +0.16 points	0.22%	0.06%
Emerson ElectricEMR	DGRO +0.16 points	0.30%	0.14%
Zoetis Inc Class AZTS	DGRO +0.15 points	0.20%	0.05%
Applied Material IncAMAT	IVV +0.15 points	0.32%	0.47%
IntuitINTU	DGRO +0.15 points	0.28%	0.13%
Nxp Semiconductors NVNXPI	DGRO +0.14 points	0.24%	0.10%
ChubbCB	DGRO +0.14 points	0.33%	0.19%
Cummins IncCMI	DGRO +0.14 points	0.25%	0.11%
AmerenAEE	DGRO +0.14 points	0.19%	0.05%
Allstate CorpALL	DGRO +0.13 points	0.23%	0.10%
Archer Daniels MidlandADM	DGRO +0.13 points	0.19%	0.06%
L3HARRIS TechnologiesLHX	DGRO +0.14 points	0.21%	0.07%
M&T BankMTB	DGRO +0.13 points	0.18%	0.05%
Eaton PLCETN	DGRO +0.13 points	0.35%	0.22%
Fedex CorpFDX	DGRO +0.13 points	0.23%	0.10%
Darden Restaurants IncDRI	DGRO +0.12 points	0.16%	0.04%
Cms EnergyCMS	DGRO +0.13 points	0.16%	0.03%
Crh Public Limited PLCCRH	DGRO +0.12 points	0.21%	0.09%
Travelers CompaniesTRV	DGRO +0.13 points	0.25%	0.12%
StrykerSYK	DGRO +0.12 points	0.28%	0.16%
Quanta Services IncPWR	IVV +0.12 points	0.01%	0.13%
EvergyEVRG	DGRO +0.12 points	0.15%	0.03%

All 391 DGRO holdings⁠All 505 IVV 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 IVV Cost

Overpaying DGRO vs IVV

$1,051

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

DGRO 0.08%
$1,689
IVV 0.03%
$638

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
IVV 0.03%
Overpaying

Year by year

Year	DGRO	IVV	Overpaying
10	$147	$55	$92
20	$575	$216	$359
30	$1,689	$638	$1,051

Expense ratio

0.08%DGRO
0.03%IVV, 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

IVV among 14 S&P 500 funds

IVV0.03%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

IVV 2nd cheapest of 14 funds

DGRO vs IVV Dividends

Last 12 months to Oct 28, 2026

Yield (12M): DGRO 1.86%, better; IVV 1.08%
Payout (12M): DGRO $1.49; IVV $8.40
Last payment: DGRO $0.39; IVV $2.20
Ex-dividend: DGRO Sep 15, 2026; IVV Sep 15, 2026
Paid on: DGRO Sep 18, 2026; IVV Sep 18, 2026
Frequency: DGRO Quarterly; IVV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGROQuarterly · 39 paymentsAll DGRO payments⁠

IVVQuarterly · 40 paymentsAll IVV payments⁠

DGRO vs IVV Risk

Fall from peak · 5 years

DGRO
IVV

Risk facts

VolatilityStd dev, 3 years: DGRO 10.5%, betterIVV 12.4%
Return per unit of riskSharpe ratio, 3 years: DGRO 1.18IVV 1.37, better
Worst fallMax drawdown, 5 years: DGRO −19.3%, betterIVV −24.5%
Market sensitivityBeta, 5 years: DGRO 0.67IVV 1.00; Market = 1

DGRO and IVV 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, 2026DGROIVV
Deep Dive
SPY is a 1993 trust, and it still costs more to hold the S&P 500
42 minutes agoIVV
Head-to-Head
VOO and IVV own the same S&P 500 stocks at the same fee
Oct 23, 2026IVV
Head-to-Head
Own iShares Core S&P 500 ETF, IVV, unless you want the heavier growth bet in Vanguard Morningstar Growth ETF, VUG
Oct 16, 2026IVV
Deep Dive
VOO shares its portfolio with other Vanguard 500 index fund share classes
Oct 10, 2026IVV
Best ETFs
The cheap S&P 500 funds tied this year. Equal weight did not.
Updated Oct 2, 2026IVV

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