DGRO vs QDIV: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

Global X S&P 500 Quality Dividend ETF

QDIVBNYSE Arca

Overlap

14.9%by weight

Expense ratio

DGRO −0.12pt a year

DGRO0.08%QDIV0.20%

Avg volume · 30D

DGRO 707.8×the volume

DGRO1.39MQDIV1.96K

5Y return · a year

DGRO +2.3pt

DGRO+11.3%QDIV+9.0%

DGRO vs QDIV Performance

Oct 29, 2021 – Oct 30, 2026

+71.0%DGRO+54.0%QDIV

Expense ratio: DGRO 0.08%, better; QDIV 0.20%
Fund size: DGRO $45.3B; QDIV $32M
1Y total return: DGRO +21.5%; QDIV +26.3%, better
Yield (12M): DGRO 1.84%; QDIV 2.61%, better
Holdings: DGRO 394; QDIV 52
Avg volume (30D): DGRO 1.39M sh, better; QDIV 1.96K sh
NAV per share: DGRO $81.00; QDIV $42.30
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, QDIV, with each pillar’s weight
Pillar	DGRO	QDIV
Cost30% weight	A88Higher	A76
Mission25% weight	A98Higher	A84
Risk15% weight	A77Higher	C48
Tradability15% weight	A90Higher	F13
Holdings10% weight	B62Higher	B59
Durability5% weight	A87Higher	D37

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DGRO and QDIV 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 QDIV 23rd 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 23BFDRRFidelity Dividend ETF for Rising RatesScore 60
Rank 23BQDIVGlobal X S&P 500 Quality Dividend ETFScore 60
Rank 25BVSDAVictoryShares Dividend Accelerator ETFScore 59

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

QDIVBGlobal X S&P 500 Quality 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.

QDIV Most dividend funds chase yield and hope quality follows. QDIV demands both: a stock must rank in the S&P 500's top 200 on dividend yield and top 200 on quality to get in. Roughly 50 names, equal weighted, paid monthly.

Stated mandate

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

QDIV The fund seeks to track, before fees and expenses, the price and yield performance of the S&P 500 Quality High Dividend Index.

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.

QDIV The double screen is the whole point: only S&P 500 names in the top 200 by dividend yield AND the top 200 by quality score (return on equity, accruals, leverage) make the cut.globalxetfs.com spglobal.com
0.20% a year, roughly half the typical fee among dividend-screen ETFs.
Equal weighting plus a 25% cap on any one sector at each semiannual rebalance stops a single megacap or a single corner of the market from running the show.spglobal.com
Pays monthly, and the portfolio has tracked its index closely.

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.

QDIV Cheap next to the average dividend screener, less so next to the giants: VIG (0.04%), SCHD (0.06%) and DGRO (0.08%) all charge less.
It trades thinly, so spreads can be wider than the household names. Limit orders earn their keep here.
About 50 equal-weighted stocks means each name carries real weight, and the twin screens can leave the fund leaning on whichever sectors pass both tests.spglobal.com

Full DGRO profile⁠

Full QDIV profile⁠

DGRO vs QDIV Holdings

As of Oct 13, 2026

How DGRO and QDIV differ

Overlap by weight

14.9%

Shared holdings make up 66.4% of QDIV and 16.5% of DGRO.

Level by level

Holdings33 in both14.9%
Sector10 Sectors82.5%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in DGRO and QDIV, widest gap first
Sector	More in DGROMore in QDIV	DGRO	QDIV
Consumer Staples	QDIV +8.6 points	12.6%	21.2%
Utilities	DGRO +7.1 points	7.1%	0.0%
Technology	DGRO +7.1 points	17.8%	10.7%
Energy	QDIV +4.4 points	5.8%	10.2%
Industrials	QDIV +3.9 points	11.2%	15.1%
Health Care	DGRO +2.6 points	17.6%	15.0%
Financials	QDIV +0.5 points	19.4%	19.9%
Consumer Discretionary	DGRO +0.4 points	6.1%	5.7%
Materials	DGRO +0.2 points	2.4%	2.2%
Communication	DGRO +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and QDIV, widest gap first
Country	More in DGROMore in QDIV	DGRO	QDIV
United States	QDIV +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%
QDIV23.1%

Securities held

DGRO391
QDIV51

Asset class

DGRO: Equity
QDIV: Equity

Holdings

Only in DGRO358
In both33
Only in QDIV18

Only in DGRO

358 securities, 83.3% of DGRO by weight

AbbVie3.05%
Microsoft3.04%
Apple3.04%
Johnson & Johnson2.78%
JPMorgan Chase & Co2.66%
Broadcom Inc2.40%
Philip Morris International2.27%
Home Depot2.07%
Coca-Cola1.92%
UnitedHealth Group1.85%
Merck & Co Inc1.81%
Pepsico1.75%
International Business Machines Co1.52%
Eli Lilly1.48%
Cisco Systems Inc1.38%
Amgen Inc1.26%
Bank of America1.26%
Wells Fargo1.22%
Mcdonalds Corp1.15%
Nextera Energy1.13%
Visa Class A1.09%
Walmart1.08%
Morgan Stanley1.00%
Goldman Sachs Group0.98%
Abbott Laboratories0.93%
Citigroup0.87%
Rtx0.85%
Qualcomm0.83%
Southern0.81%
Duke Energy Corp0.78%
Linde PLC0.69%
Mastercard Class A0.67%
Pnc Financial Services Group0.64%
Costco Wholesale Corp0.63%
Lowes Companies Inc0.62%
Oracle0.61%
Mondelez International Class A0.59%
Analog Devices0.54%
Eog Resources0.53%
Caterpillar Inc0.50%
Tjx0.49%
Phillips 660.49%
American Electric Power Inc0.47%
Marsh0.44%
Cme Group Class A0.44%
American Express0.43%
Sempra0.38%
Air Products and Chemicals0.37%
General Dynamics Corp0.35%
Deere0.34%

Only in QDIV

18 securities, 33.5% of QDIV by weight

Apa Corp2.37%
Target Corp2.31%
Dollar General Corp2.22%
Best Buy Co Inc2.22%
Intl Flavors & Fragrances2.21%
Pfizer Inc2.13%
Devon Energy Corp2.02%
Bristol-Myers Squibb Co2.00%
3M Co1.97%
Expand Energy Corp1.93%
T Rowe Price Group Inc1.88%
Kimberly-Clark Corp1.87%
Blackstone Inc1.86%
Hershey Co/The1.78%
Lennar Corp-A1.60%
Nike Inc -Cl B1.54%
Hormel Foods Corp1.50%
Other Payable & Receivables0.14%

Weight gaps

All 33 Holdings in both funds, largest gap first.

Holding weights in DGRO and QDIV, widest gap first
Holding	More in DGROMore in QDIV	DGRO	QDIV
Becton DickinsonBDX	QDIV +2.19 points	0.27%	2.46%
Factset Research SystemsFDS	QDIV +2.20 points	0.04%	2.23%
Broadridge Financial Solutions IncBR	QDIV +2.08 points	0.10%	2.18%
Cognizant Technology Solutions ClaCTSH	QDIV +2.08 points	0.13%	2.21%
Everest GroupEG	QDIV +2.07 points	0.06%	2.13%
CdwCDW	QDIV +2.07 points	0.07%	2.14%
FastenalFAST	QDIV +1.89 points	0.26%	2.15%
Brown Forman Class BBF.B	QDIV +1.88 points	0.06%	1.94%
A O SmithAOS	QDIV +1.86 points	0.04%	1.90%
Erie Indemnity Class AERIE	QDIV +1.84 points	0.03%	1.87%
Cincinnati FinancialCINF	QDIV +1.79 points	0.13%	1.92%
Allstate CorpALL	QDIV +1.76 points	0.24%	2.00%
Principal Financial Group IncPFG	QDIV +1.75 points	0.15%	1.90%
Snap On IncSNA	QDIV +1.74 points	0.10%	1.84%
Archer Daniels MidlandADM	QDIV +1.71 points	0.19%	1.90%
Tyson Foods Inc Class ATSN	QDIV +1.69 points	0.14%	1.83%
Automatic Data Processing IncADP	QDIV +1.66 points	0.62%	2.28%
AflacAFL	QDIV +1.65 points	0.25%	1.90%
Mccormick & Co Non-VotingMKC	QDIV +1.64 points	0.10%	1.74%
Illinois Tool IncITW	QDIV +1.63 points	0.41%	2.04%
Zoetis Inc Class AZTS	QDIV +1.59 points	0.20%	1.79%
Colgate-PalmoliveCL	QDIV +1.52 points	0.40%	1.92%
CignaCI	QDIV +1.48 points	0.36%	1.84%
Gilead SciencesGILD	QDIV +1.39 points	1.00%	2.39%
Medtronic PLCMDT	QDIV +1.39 points	0.82%	2.21%
BlackRockBLK	QDIV +1.35 points	0.71%	2.06%
Union PacificUNP	QDIV +1.26 points	0.77%	2.03%
Accenture PLC Class AACN	QDIV +1.20 points	1.20%	2.40%
ConocophillipsCOP	QDIV +1.20 points	1.00%	2.20%
Lockheed MartinLMT	QDIV +1.16 points	0.71%	1.87%
Exxonmobil Holdings CorpXOM	DGRO +1.13 points	3.33%	2.20%
Honeywell International IncHON	QDIV +0.78 points	0.20%	0.98%
Procter & GamblePG	DGRO +0.45 points	2.42%	1.97%

All 391 DGRO holdings⁠All 50 QDIV 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 QDIV Cost

Overpaying QDIV vs DGRO

$2,466

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

DGRO 0.08%
$1,689
QDIV 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
QDIV 0.20%
Overpaying

Year by year

Year	DGRO	QDIV	Overpaying
10	$147	$365	$218
20	$575	$1,421	$846
30	$1,689	$4,155	$2,466

Expense ratio

0.08%DGRO, cheaper
0.20%QDIV

DGRO0.08%QDIV0.20%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DGRO 8th cheapest of 52 funds

QDIV 13th cheapest of 52 funds

DGRO vs QDIV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DGRO 1.84%; QDIV 2.61%, better
Payout (12M): DGRO $1.49; QDIV $1.10
Last payment: DGRO $0.39; QDIV $0.09
Ex-dividend: DGRO Sep 15, 2026; QDIV Oct 5, 2026
Paid on: DGRO Sep 18, 2026; QDIV Oct 8, 2026
Frequency: DGRO Quarterly; QDIV Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DGROQuarterly · 15 paymentsAll DGRO payments⁠

QDIVMonthly · 45 paymentsAll QDIV payments⁠

DGRO vs QDIV Risk

Fall from peak · 5 years

DGRO
QDIV

Risk facts

VolatilityStd dev, 3 years: DGRO 10.8%, betterQDIV 13.4%
Return per unit of riskSharpe ratio, 3 years: DGRO 1.47, betterQDIV 0.86
Worst fallMax drawdown, 5 years: DGRO −19.3%QDIV −18.5%, better
Market sensitivityBeta, 5 years: DGRO 0.67QDIV 0.53; Market = 1

DGRO and QDIV 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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