DGRO vs RJDI: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

RJ Eagle GCM Dividend Select Income ETF

RJDIFNYSE Arca

Overlap

30.7%by weight

Expense ratio

DGRO −0.55pt a year

DGRO0.08%RJDI0.63%

Avg volume · 30D

DGRO 39.4×the volume

DGRO1.39MRJDI35.2K

DGRO vs RJDI Performance

Oct 31, 2025 – Oct 30, 2026

+21.5%DGRO+20.8%RJDI

Expense ratio: DGRO 0.08%, better; RJDI 0.63%
Fund size: DGRO $45.3B; RJDI $151M
1Y total return: DGRO +21.5%, better; RJDI +20.8%
Yield (12M): DGRO 1.84%; RJDI No data
Holdings: DGRO 394; RJDI 37
Avg volume (30D): DGRO 1.39M sh, better; RJDI 35.2K sh
NAV per share: DGRO $81.00; RJDI $29.50
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, RJDI, with each pillar’s weight
Pillar	DGRO	RJDI
Cost30% weight	A88Higher	F4
Mission25% weight	A98	Not scored
Risk15% weight	A77Higher	C47
Tradability15% weight	A90Higher	D30
Holdings10% weight	B62Higher	D28
Durability5% weight	A87Higher	D30

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DGRO and RJDI 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 RJDI 52nd 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 51DDRVRAmplify S&P 500 Dividend Drivers ETFScore 35
Rank 52FRJDIRJ Eagle GCM Dividend Select Income ETFScore 22

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

RJDIFRJ Eagle GCM Dividend Select Income 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.

RJDI Most dividend funds just run a screen. RJDI writes its goals down as a contract: yield above the S&P 500 and inflation, dividend growth above inflation, and volatility no higher than the index over a full cycle. Active, and priced like it.

Stated mandate

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

RJDI The fund seeks current income and capital appreciation. It is actively managed and targets dividend yield above the S&P 500 and inflation, dividend growth above inflation, and volatility no higher than the index over a full market cycle.

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.

RJDI The mandate is unusually specific for an active fund: yield above both the S&P 500 and inflation, dividend growth above inflation, and volatility no higher than the index over a full market cycle.
Actively managed rather than screen-bound, so a manager can act on a deteriorating payer between reconstitution dates instead of waiting for the index calendar.
Income lands quarterly, and the stated objective pairs current income with capital appreciation instead of reaching for the highest yield on the board.

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.

RJDI Active management carries an active price tag: 0.63% a year, while cohort leaders SCHD, VIG and DGRO charge single-digit basis points for rules-based dividend exposure.
It launched in October 2025, so there is little history yet to judge the yield, growth and volatility targets against.
A young, thinly traded fund can show wider bid-ask spreads than the category's household names, a cost that shows up on the way in and the way out.

Full DGRO profile⁠

Full RJDI profile⁠

DGRO vs RJDI Holdings

How DGRO and RJDI differ

Overlap by weight

30.7%

Shared holdings make up 72.7% of RJDI and 31.7% of DGRO.

Level by level

Holdings24 in both30.7%
Sector11 Sectors75.2%
Countryby domicile98.8%
Asset classEquity100%

Sector

Sector weights in DGRO and RJDI, widest gap first
Sector	More in DGROMore in RJDI	DGRO	RJDI
Technology	RJDI +11.2 points	17.8%	29.0%
Financials	DGRO +9.1 points	19.4%	10.3%
Real Estate	RJDI +7.1 points	0.0%	7.1%
Health Care	DGRO +6.0 points	17.6%	11.6%
Consumer Staples	DGRO +5.4 points	12.6%	7.2%
Utilities	DGRO +3.8 points	7.1%	3.3%
Communication	RJDI +3.4 points	0.1%	3.5%
Industrials	RJDI +1.3 points	11.2%	12.5%
Energy	RJDI +1.0 points	5.8%	6.8%
Consumer Discretionary	RJDI +0.9 points	6.1%	7.0%
Materials	DGRO +0.5 points	2.4%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and RJDI, widest gap first
Country	More in DGROMore in RJDI	DGRO	RJDI
Switzerland	RJDI +1.2 points	0.5%	1.7%
United States	DGRO +0.9 points	99.2%	98.3%
Other countries (3)	DGRO +0.3 points	0.3%	0.0%

Concentration

Weight in the 10 largest Holdings

DGRO27.1%
RJDI43.3%

Securities held

DGRO391
RJDI35

Asset class

DGRO: Equity
RJDI: Equity

Holdings

Only in DGRO367
In both24
Only in RJDI11

Only in DGRO

367 securities, 68.1% of DGRO by weight

Exxonmobil Holdings Corp3.33%
Procter & Gamble2.42%
Coca-Cola1.92%
Pepsico1.75%
International Business Machines Co1.52%
Eli Lilly1.48%
Cisco Systems Inc1.38%
Amgen Inc1.26%
Bank of America1.26%
Wells Fargo1.22%
Accenture PLC Class A1.20%
Mcdonalds Corp1.15%
Visa Class A1.09%
Morgan Stanley1.00%
Conocophillips1.00%
Gilead Sciences1.00%
Goldman Sachs Group0.98%
Abbott Laboratories0.93%
Citigroup0.87%
Rtx0.85%
Qualcomm0.83%
Medtronic PLC0.82%
Southern0.81%
Duke Energy Corp0.78%
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%
Mondelez International Class A0.59%
Eog Resources0.53%
Caterpillar Inc0.50%
Tjx0.49%
Phillips 660.49%
American Electric Power Inc0.47%
Marsh0.44%
American Express0.43%
Illinois Tool Inc0.41%
Colgate-Palmolive0.40%
Sempra0.38%
Cigna0.36%
General Dynamics Corp0.35%
Deere0.34%
Xcel Energy Inc0.34%
Bank of New York Mellon Corp0.33%
Northrop Grumman Corp0.33%
Waste Management Inc0.32%

Only in RJDI

11 securities, 23.6% of RJDI by weight

Welltower Inc3.75%
Tapestry Inc3.19%
Corning Inc3.05%
Energy Transfer LP2.55%
Verizon Communications Inc2.43%
Marathon Petroleum Corp2.29%
Enterprise Products Partners LP1.96%
Realty Income Corp1.68%
Equinix Inc1.30%
Comcast Corp0.79%
Fidelity National Information Services Inc0.65%

Weight gaps

All 24 Holdings in both funds, largest gap first.

Holding weights in DGRO and RJDI, widest gap first
Holding	More in DGROMore in RJDI	DGRO	RJDI
Analog DevicesADI	RJDI +4.61 points	0.54%	5.15%
Johnson Controls International PLCJCI	RJDI +4.04 points	0.22%	4.26%
Broadcom IncAVGO	RJDI +3.97 points	2.40%	6.37%
Motorola Solutions IncMSI	RJDI +3.36 points	0.18%	3.54%
WalmartWMT	RJDI +3.28 points	1.08%	4.36%
Eaton PLCETN	RJDI +2.53 points	0.33%	2.86%
Darden Restaurants IncDRI	RJDI +2.32 points	0.16%	2.48%
Pnc Financial Services GroupPNC	RJDI +1.86 points	0.64%	2.50%
Cummins IncCMI	RJDI +1.67 points	0.23%	1.90%
Air Products and ChemicalsAPD	RJDI +1.65 points	0.37%	2.02%
Union PacificUNP	RJDI +1.54 points	0.77%	2.31%
Entergy CorpETR	RJDI +1.50 points	0.27%	1.77%
Cme Group Class ACME	RJDI +1.49 points	0.44%	1.93%
JPMorgan Chase & CoJPM	RJDI +1.45 points	2.66%	4.11%
ChubbCB	RJDI +1.30 points	0.33%	1.63%
Merck & Co IncMRK	RJDI +1.20 points	1.81%	3.01%
AppleAAPL	RJDI +1.17 points	3.04%	4.21%
Philip Morris InternationalPM	RJDI +0.99 points	2.27%	3.26%
AbbVieABBV	RJDI +0.87 points	3.05%	3.92%
Home DepotHD	DGRO +0.76 points	2.07%	1.31%
MicrosoftMSFT	RJDI +0.57 points	3.04%	3.61%
Nextera EnergyNEE	RJDI +0.48 points	1.13%	1.61%
UnitedHealth GroupUNH	DGRO +0.21 points	1.85%	1.64%
Johnson & JohnsonJNJ	RJDI +0.18 points	2.78%	2.96%

All 391 DGRO holdings⁠All 37 RJDI 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 RJDI Cost

Overpaying RJDI vs DGRO

$10,670

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

DGRO 0.08%
$1,689
RJDI 0.63%
$12,359

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
RJDI 0.63%
Overpaying

Year by year

Year	DGRO	RJDI	Overpaying
10	$147	$1,128	$981
20	$575	$4,311	$3,736
30	$1,689	$12,359	$10,670

Expense ratio

0.08%DGRO, cheaper
0.63%RJDI

DGRO0.08%RJDI0.63%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DGRO 8th cheapest of 52 funds

RJDI 50th cheapest of 52 funds

DGRO vs RJDI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DGRO 1.84%; RJDI No data
Payout (12M): DGRO $1.49; RJDI No data
Last payment: DGRO $0.39; RJDI $0.07
Ex-dividend: DGRO Sep 15, 2026; RJDI Sep 30, 2026
Paid on: DGRO Sep 18, 2026; RJDI Oct 1, 2026
Frequency: DGRO Quarterly; RJDI Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGROQuarterly · 39 paymentsAll DGRO payments⁠

RJDIQuarterly · 4 paymentsAll RJDI payments⁠

DGRO vs RJDI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DGRO 10.8%RJDI 13.4%since Nov 2025
Return per unit of riskSharpe ratio, 3 years: DGRO 1.47RJDI 1.20since Nov 2025
Worst fallMax drawdown, 5 years: DGRO −19.3%RJDI −7.1%since Oct 2025
Market sensitivityBeta, 5 years: DGRO 0.67RJDI 0.58; Market = 1

DGRO and RJDI 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 RJDI

In short

Stated mandate

Why people hold it