DGRO vs SDVY: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

First Trust SMID Cap Rising Dividend Achievers ETF

SDVYCNasdaq

Overlap

4.0%by weight

Expense ratio

DGRO −0.50pt a year

DGRO0.08%SDVY0.58%

Avg volume · 30D

DGRO 1.5×the volume

DGRO1.39MSDVY912K

5Y return · a year

DGRO +2.1pt

DGRO+11.2%SDVY+9.1%

DGRO vs SDVY Performance

Nov 2, 2021 – Nov 2, 2026

+70.2%DGRO+54.8%SDVY

Expense ratio: DGRO 0.08%, better; SDVY 0.58%
Fund size: DGRO $45.3B; SDVY $11.1B
1Y total return: DGRO +21.8%, better; SDVY +15.7%
Yield (12M): DGRO 1.84%, better; SDVY 0.98%
Holdings: DGRO 394; SDVY 173
Avg volume (30D): DGRO 1.39M sh, better; SDVY 912K sh
NAV per share: DGRO $81.00; SDVY $42.03
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, SDVY, with each pillar’s weight
Pillar	DGRO	SDVY
Cost30% weight	A88Higher	F12
Mission25% weight	A98Higher	A86
Risk15% weight	A77Higher	F15
Tradability15% weight	A91Higher	A87
Holdings10% weight	B62	A84Higher
Durability5% weight	A87Higher	A71

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DGRO and SDVY 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 SDVY 30th 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 30CPFMInvesco Dividend Achievers ETFScore 52
Rank 30CSDVYFirst Trust SMID Cap Rising Dividend Achievers ETFScore 52
Rank 33CQDEFNorthern Trust Quality Dividend Defensive ETFScore 51

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

SDVYCFirst Trust SMID Cap Rising Dividend Achievers 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.

SDVY Most dividend-growth funds fish in blue-chip waters. SDVY takes the same idea down the size scale: a Nasdaq index of small and mid cap US companies with a record of raising their payouts, run by First Trust since 2017.

Stated mandate

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

SDVY The Fund seeks to provide returns generally corresponding to the price and yield performance of the Nasdaq US Small Mid Cap Rising Dividend Achievers Index before fees and expenses. It normally invests at least 90% of net assets in securities included in that 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.

SDVY Rising-dividend screening applied where it is uncommon. The heavyweights of this category (SCHD, VIG, DGRO) sit in large caps; SDVY runs the screen across US small and mid caps instead.
Rules, not hunches. At least 90% of net assets stay in the Nasdaq US Small Mid Cap Rising Dividend Achievers Index, which selects on dividend growth alongside growth and quality traits.
Spread thin on purpose: roughly 190 holdings, a multi-billion-dollar asset base, and heavy day-to-day trading volume for a small/mid cap strategy. Distributions come quarterly.

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.

SDVY Cost is the trade-off: 0.58% a year, above the dividend-screen median, and many times what the large-cap incumbents charge (SCHD 0.06%, VIG 0.04%).
Smaller companies move harder in both directions, and this fund's ride has been rougher than that of large-cap dividend peers.
It screens for dividends that are rising, not dividends that are large, so current income here generally runs below what high-yield-focused funds pay.

Full DGRO profile⁠

Full SDVY profile⁠

DGRO vs SDVY Holdings

How DGRO and SDVY differ

Overlap by weight

4.0%

Shared holdings make up 53.5% of SDVY and 4.0% of DGRO.

Level by level

Holdings88 in both4.0%
Sector11 Sectors60.6%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in DGRO and SDVY, widest gap first
Sector	More in DGROMore in SDVY	DGRO	SDVY
Industrials	SDVY +16.7 points	11.2%	27.9%
Financials	SDVY +14.6 points	19.4%	34.0%
Health Care	DGRO +14.0 points	17.6%	3.6%
Technology	DGRO +8.1 points	17.8%	9.7%
Consumer Staples	DGRO +7.7 points	12.6%	4.9%
Utilities	DGRO +7.1 points	7.1%	0.0%
Consumer Discretionary	SDVY +3.1 points	6.1%	9.2%
Communication	SDVY +3.0 points	0.1%	3.1%
Energy	DGRO +2.6 points	5.8%	3.2%
Materials	SDVY +1.8 points	2.4%	4.2%
Real Estate	SDVY +0.2 points	0.0%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and SDVY, widest gap first
Country	More in DGROMore in SDVY	DGRO	SDVY
India	SDVY +0.9 points	0.0%	0.9%
Other countries (4)	DGRO +0.9 points	100.0%	99.1%

Concentration

Weight in the 10 largest Holdings

DGRO27.1%
SDVY10.3%

Securities held

DGRO391
SDVY172

Asset class

DGRO: Equity
SDVY: Equity

Holdings

Only in DGRO303
In both88
Only in SDVY84

Only in DGRO

303 securities, 95.8% of DGRO by weight

Exxonmobil Holdings Corp3.33%
AbbVie3.05%
Microsoft3.04%
Apple3.04%
Johnson & Johnson2.78%
JPMorgan Chase & Co2.66%
Procter & Gamble2.42%
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%
Accenture PLC Class A1.20%
Mcdonalds Corp1.15%
Nextera Energy1.13%
Visa Class A1.09%
Walmart1.08%
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%
Union Pacific0.77%
Lockheed Martin0.71%
BlackRock0.71%
Linde PLC0.69%
Mastercard Class A0.67%
Pnc Financial Services Group0.64%
Costco Wholesale Corp0.63%
Lowes Companies Inc0.62%
Automatic Data Processing Inc0.62%
Oracle0.61%
Mondelez International Class A0.59%
Analog Devices0.54%
Eog Resources0.53%
Caterpillar Inc0.50%

Only in SDVY

84 securities, 46.3% of SDVY by weight

National HealthCare Corporation1.03%
Interparfums, Inc.1.03%
Veralto Corporation1.01%
VeriSign, Inc.1.01%
Expedia Group, Inc.0.99%
First BanCorp.0.98%
OFG Bancorp0.98%
Ralph Lauren Corporation0.94%
PriceSmart, Inc.0.93%
Graham Holdings Company0.92%
Regions Financial Corporation0.88%
Badger Meter, Inc.0.88%
Clear Secure, Inc. (Class A)0.88%
T. Rowe Price Group, Inc.0.87%
Dolby Laboratories, Inc.0.85%
Acuity Inc.0.84%
Interactive Brokers Group, Inc. (Class A)0.84%
InterDigital, Inc.0.84%
Weatherford International Plc0.83%
Brady Corporation0.82%
Perdoceo Education Corporation0.81%
Paycom Software, Inc.0.79%
The Gap, Inc.0.79%
Match Group Inc.0.79%
EnerSys0.78%
Exponent, Inc.0.77%
LeMaitre Vascular, Inc.0.77%
Cboe Global Markets, Inc.0.75%
ePlus inc.0.71%
Pegasystems Inc.0.71%
Tutor Perini Corporation0.68%
Aecom0.67%
Crane Company0.67%
WD-40 Company0.66%
United States Lime & Minerals, Inc.0.64%
Visteon Corporation0.60%
Turning Point Brands, Inc.0.60%
IDT Corporation (Class B)0.59%
Cactus, Inc. (Class A)0.58%
OneSpaWorld Holdings Limited0.56%
UL Solutions Inc. (Class A)0.55%
SLM Corporation0.54%
Fulton Financial Corporation0.49%
The Marzetti Company0.49%
Associated Banc-Corp0.49%
Eastern Bankshares, Inc.0.47%
Napco Security Technologies, Inc.0.47%
Enact Holdings, Inc.0.46%
Southwest Airlines Co.0.46%
Columbia Banking System, Inc.0.45%

Weight gaps

All 88 Holdings in both funds, largest gap first.

Holding weights in DGRO and SDVY, widest gap first
Holding	More in DGROMore in SDVY	DGRO	SDVY
Hanover Insurance GroupTHG	SDVY +1.05 points	0.03%	1.08%
Reinsurance Group of AmericaRGA	SDVY +1.01 points	0.06%	1.07%
Assurant IncAIZ	SDVY +0.98 points	0.04%	1.02%
Williams Sonoma IncWSM	SDVY +0.98 points	0.09%	1.07%
Watts Water Technologies Class AWTS	SDVY +0.93 points	0.01%	0.94%
Simpson ManufacturingSSD	SDVY +0.90 points	0.01%	0.91%
Zions BancorporationZION	SDVY +0.89 points	0.05%	0.94%
Southstate Bank CorpSSB	SDVY +0.88 points	0.05%	0.93%
Bank OzkOZK	SDVY +0.88 points	0.04%	0.92%
PrimericaPRI	SDVY +0.87 points	0.03%	0.90%
Wintrust FinancialWTFC	SDVY +0.87 points	0.03%	0.90%
East West BancorpEWBC	SDVY +0.87 points	0.10%	0.97%
BalchemBCPC	SDVY +0.86 points	<0.01%	0.87%
GenpactG	SDVY +0.86 points	0.03%	0.89%
Mgic InvestmentMTG	SDVY +0.86 points	0.03%	0.89%
Applied Industrial TechnologiesAIT	SDVY +0.86 points	0.01%	0.87%
Msa Safety IncMSA	SDVY +0.85 points	0.02%	0.87%
Toll Brothers IncTOL	SDVY +0.85 points	0.02%	0.87%
Fox Class AFOXA	SDVY +0.84 points	0.02%	0.86%
New York Times Class ANYT	SDVY +0.81 points	0.03%	0.84%
A O SmithAOS	SDVY +0.81 points	0.04%	0.85%
Cincinnati FinancialCINF	SDVY +0.82 points	0.13%	0.95%
DoverDOV	SDVY +0.81 points	0.07%	0.88%
Emcor GroupEME	SDVY +0.80 points	0.01%	0.81%
BrinksBCO	SDVY +0.79 points	<0.01%	0.80%
Synchrony FinancialSYF	SDVY +0.79 points	0.09%	0.88%
Voya FinancialVOYA	SDVY +0.76 points	0.04%	0.80%
First American Financial CorpFAF	SDVY +0.75 points	0.04%	0.79%
Mueller Water Products Series AMWA	SDVY +0.75 points	<0.01%	0.76%
Mueller Industries IncMLI	SDVY +0.75 points	0.03%	0.78%
WoodwardWWD	SDVY +0.75 points	0.01%	0.76%
Netapp IncNTAP	SDVY +0.75 points	0.09%	0.84%
Ingredion IncINGR	SDVY +0.74 points	0.04%	0.78%
Old Republic InternationalORI	SDVY +0.73 points	0.06%	0.79%
Selective Insurance GroupSIGI	SDVY +0.74 points	0.02%	0.76%
Everest GroupEG	SDVY +0.73 points	0.06%	0.79%
Snap On IncSNA	SDVY +0.72 points	0.10%	0.82%
Texas Pacific LandTPL	SDVY +0.72 points	0.03%	0.75%
M&T BankMTB	SDVY +0.71 points	0.17%	0.89%
Installed Building ProductsIBP	SDVY +0.71 points	<0.01%	0.72%
Umb FinancialUMBF	SDVY +0.69 points	0.03%	0.72%
Home Bancshares IncHOMB	SDVY +0.65 points	0.04%	0.69%
DonaldsonDCI	SDVY +0.59 points	0.03%	0.62%
West Pharmaceutical ServicesWST	SDVY +0.52 points	0.02%	0.54%
ChemedCHE	SDVY +0.52 points	<0.01%	0.53%
Sei InvestmentsSEIC	SDVY +0.52 points	0.02%	0.54%
First Citizens Bancshares Class AFCNCA	SDVY +0.50 points	0.02%	0.52%
Td SynnexSNX	SDVY +0.50 points	0.03%	0.53%
Universal Display CorpOLED	SDVY +0.49 points	0.02%	0.51%
Curtiss WrightCW	SDVY +0.46 points	<0.01%	0.47%
H&R Block IncHRB	SDVY +0.46 points	0.05%	0.51%
Cullen Frost BankersCFR	SDVY +0.46 points	0.05%	0.51%
Essent GroupESNT	SDVY +0.44 points	0.03%	0.47%
American Financial GroupAFG	SDVY +0.43 points	0.06%	0.49%
Carlisle CompaniesCSL	SDVY +0.42 points	0.05%	0.47%
Comfort Systems UsaFIX	SDVY +0.42 points	0.02%	0.44%
Commerce BancsharesCBSH	SDVY +0.42 points	0.03%	0.45%
Ensign GroupENSG	SDVY +0.42 points	<0.01%	0.42%
Allison Transmission HoldingsALSN	SDVY +0.41 points	0.02%	0.43%
Northern TrustNTRS	SDVY +0.40 points	0.12%	0.52%
Itt IncITT	SDVY +0.40 points	0.03%	0.43%
Wr BerkleyWRB	SDVY +0.39 points	0.03%	0.42%
Royal GoldRGLD	SDVY +0.38 points	0.03%	0.41%
Jack Henry and Associates IncJKHY	SDVY +0.36 points	0.04%	0.40%
Raymond JamesRJF	SDVY +0.36 points	0.07%	0.43%
PultegroupPHM	SDVY +0.36 points	0.04%	0.40%
Stifel FinancialSF	SDVY +0.35 points	0.04%	0.39%
Advanced Drainage Systems IncWMS	SDVY +0.34 points	0.01%	0.35%
Jefferies Financial Group IncJEF	SDVY +0.34 points	0.04%	0.38%
Assured Guaranty LtdAGO	SDVY +0.33 points	0.01%	0.34%
Bwx Technologies IncBWXT	SDVY +0.31 points	0.02%	0.33%
Xylem IncXYL	SDVY +0.29 points	0.08%	0.37%
GracoGGG	SDVY +0.28 points	0.04%	0.32%
Tetra TechTTEK	SDVY +0.22 points	0.02%	0.24%
Valmont IndsVMI	SDVY +0.19 points	0.01%	0.20%
Expeditors International of WashinEXPD	SDVY +0.18 points	0.05%	0.23%
AptargroupATR	SDVY +0.18 points	0.03%	0.21%
Fifth Third BancorpFITB	SDVY +0.18 points	0.31%	0.49%
Western AllianceWAL	SDVY +0.18 points	0.04%	0.22%
Oshkosh CorpOSK	SDVY +0.17 points	0.03%	0.20%
PopularBPOP	SDVY +0.17 points	0.04%	0.21%
National Fuel GasNFG	SDVY +0.17 points	0.04%	0.21%
Prosperity BancsharesPB	SDVY +0.15 points	0.06%	0.21%
Hubbell IncHUBB	SDVY +0.14 points	0.06%	0.20%
Huntington Ingalls IndustriesHII	SDVY +0.11 points	0.05%	0.16%
Principal Financial Group IncPFG	SDVY +0.07 points	0.15%	0.22%
Dicks SportingDKS	SDVY +0.07 points	0.07%	0.14%
Ppg IndustriesPPG	SDVY +0.06 points	0.15%	0.21%

All 391 DGRO holdings⁠All 172 SDVY 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 SDVY Cost

Overpaying SDVY vs DGRO

$9,764

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

DGRO 0.08%
$1,689
SDVY 0.58%
$11,453

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
SDVY 0.58%
Overpaying

Year by year

Year	DGRO	SDVY	Overpaying
10	$147	$1,041	$894
20	$575	$3,986	$3,411
30	$1,689	$11,453	$9,764

Expense ratio

0.08%DGRO, cheaper
0.58%SDVY

DGRO0.08%SDVY0.58%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DGRO 8th cheapest of 52 funds

SDVY 46th cheapest of 52 funds

DGRO vs SDVY Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DGRO 1.84%, better; SDVY 0.98%
Payout (12M): DGRO $1.49; SDVY $0.42
Last payment: DGRO $0.39; SDVY $0.10
Ex-dividend: DGRO Sep 15, 2026; SDVY Sep 24, 2026
Paid on: DGRO Sep 18, 2026; SDVY Sep 30, 2026
Frequency: DGRO Quarterly; SDVY Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGROQuarterly · 39 paymentsAll DGRO payments⁠

SDVYQuarterly · 36 paymentsAll SDVY payments⁠

DGRO vs SDVY Risk

Fall from peak · 5 years

DGRO
SDVY

Risk facts

VolatilityStd dev, 3 years: DGRO 10.8%, betterSDVY 18.1%
Return per unit of riskSharpe ratio, 3 years: DGRO 1.47, betterSDVY 0.75
Worst fallMax drawdown, 5 years: DGRO −19.3%, betterSDVY −26.1%
Market sensitivityBeta, 5 years: DGRO 0.67SDVY 1.02; Market = 1

DGRO and SDVY 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 SDVY

In short

Stated mandate

Why people hold it