DGRO vs SPYM: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

State Street SPDR Portfolio S&P 500 ETF

SPYMANYSE Arca

Overlap

42.9%by weight

Expense ratio

SPYM −0.06pt a year

DGRO0.08%SPYM0.02%

Avg volume · 30D

SPYM 8.7×the volume

DGRO1.39MSPYM12.1M

10Y return · a year

SPYM +1.7pt

DGRO+14.0%SPYM+15.7%

DGRO vs SPYM Performance

Oct 28, 2021 – Oct 28, 2026

+69.1%DGRO+80.7%SPYM

Expense ratio: DGRO 0.08%; SPYM 0.02%, better
Fund size: DGRO $44.7B; SPYM $183B
1Y total return: DGRO +18.8%, better; SPYM +13.7%
Yield (12M): DGRO 1.86%, better; SPYM 1.00%
Holdings: DGRO 394; SPYM 508
Avg volume (30D): DGRO 1.39M sh; SPYM 12.1M sh, better
NAV per share: DGRO $79.98; SPYM $90.06
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, SPYM, with each pillar’s weight
Pillar	DGRO	SPYM
Cost30% weight	A88	A99
Mission25% weight	A91	A100
Risk15% weight	A74	C51
Tradability15% weight	A90	A72
Holdings10% weight	B63	B57
Durability5% weight	A87	A79

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 ›

SPYM ranks 1st 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

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

SPYMAState Street SPDR Portfolio 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.

SPYM State Street's budget-priced S&P 500 tracker: the same 500 large caps as its famous sibling, for 0.02% a year, the lowest fee in its S&P 500 peer group. Running since 2005 and now one of the category's giants.

Stated mandate

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

SPYM The fund seeks to track the total return of the S&P 500 Index before fees and expenses, providing broad exposure to U.S. large-cap 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.

SPYM 0.02% a year, the cheapest fee in its S&P 500 cohort, against a 0.15% median for the group. Two dollars a year per $10,000 invested.
Same S&P 500 index as State Street's flagship SPY (0.09%), for a fraction of the fee, and a basis point under VOO and IVV.
Tracks the index tightly: gaps between fund and benchmark are among the smallest in its peer group, which is the whole job of an index wrapper.
Live since 2005, now one of the largest and most heavily traded funds in the category. Distributions land 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.

SPYM The S&P 500 is cap-weighted, so the biggest US companies drive most of the move. Equal-weight takes on the same index (RSP) spread that bet differently.
About 500 US large caps and nothing else: no mid caps, no small caps, no international.
The fee edge over VOO and IVV is one basis point. Same index, so trading costs and platform access matter as much as the sticker fee.

Full DGRO profile⁠

Full SPYM profile⁠

DGRO vs SPYM Holdings

Holdings as of Oct 28, 2026 for DGRO and Oct 27, 2026 for SPYM

How DGRO and SPYM differ

Overlap by weight

42.9%

Shared holdings make up 95.0% of DGRO and 51.7% of SPYM.

Level by level

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

Sector

Sector weights in DGRO and SPYM, widest gap first
Sector	More in DGROMore in SPYM	DGRO	SPYM
Technology	SPYM +20.1 points	17.5%	37.6%
Communication	SPYM +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	SPYM +3.0 points	6.0%	9.0%
Energy	DGRO +2.2 points	5.9%	3.7%
Real Estate	SPYM +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 SPYM, widest gap first
Country	More in DGROMore in SPYM	DGRO	SPYM
United States	SPYM +2.5 points	95.1%	97.6%
Ireland	DGRO +2.0 points	3.2%	1.2%
Other countries (7)	DGRO +0.5 points	1.7%	1.2%

Concentration

Weight in the 10 largest Holdings

DGRO27.2%
SPYM37.9%

Securities held

DGRO391
SPYM506

Asset class

DGRO: Equity
SPYM: Equity

Holdings

Only in DGRO163
In both228
Only in SPYM278

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 SPYM

278 securities, 48.2% of SPYM by weight

NVIDIA Corp7.90%
Amazon.com Inc3.69%
Alphabet Inc Class A2.81%
Alphabet Inc Class C2.26%
Meta Platforms Inc Class A2.10%
Tesla Inc1.67%
Berkshire Hathaway Inc Class B1.54%
Micron Technology Inc1.54%
Advanced Micro Devices1.31%
Chevron Corp0.69%
Palantir Technologies Inc A0.69%
Intel Corp0.68%
Palo Alto Networks Inc0.48%
General Electric0.45%
Texas Instruments Inc0.41%
Crowdstrike Holdings Inc A0.40%
Netflix Inc0.40%
Ge Vernova Inc0.34%
Marvell Technology Inc0.31%
Salesforce Inc0.31%
Walt Disney Co/The0.29%
Arista Networks Inc0.28%
Sandisk Corp0.28%
Verizon Communications Inc0.27%
Welltower Inc0.26%
Pfizer Inc0.26%
Servicenow Inc0.25%
Intuitive Surgical Inc0.24%
Boeing Co/The0.22%
Seagate Technology Holdings0.22%
Schwab (Charles) Corp0.22%
At+t Inc0.22%
Dell Technologies C0.21%
Uber Technologies Inc0.20%
Progressive Corp0.20%
Marathon Petroleum Corp0.20%
Vertex Pharmaceuticals Inc0.20%
Western Digital Corp0.19%
Bristol Myers Squibb Co0.19%
Capital One Financial Corp0.19%
Valero Energy Corp0.19%
Altria Group Inc0.19%
Prologis Inc0.18%
Cvs Health Corp0.18%
Starbucks Corp0.18%
Newmont Corp0.18%
Booking Holdings Inc0.17%
Fortinet Inc0.17%
Adobe Inc0.16%
Corning Inc0.15%

Weight gaps

The 100 widest of 228 Holdings in both funds.

Holding weights in DGRO and SPYM, widest gap first
Holding	More in DGROMore in SPYM	DGRO	SPYM
AppleAAPL	SPYM +4.47 points	3.11%	7.58%
MicrosoftMSFT	SPYM +2.84 points	3.14%	5.98%
AbbVieABBV	DGRO +2.23 points	3.00%	0.77%
Exxonmobil Holdings CorpXOM	DGRO +2.09 points	3.24%	1.15%
Procter & GamblePG	DGRO +1.86 points	2.42%	0.56%
Johnson & JohnsonJNJ	DGRO +1.80 points	2.77%	0.97%
Philip Morris InternationalPM	DGRO +1.75 points	2.23%	0.48%
Home DepotHD	DGRO +1.55 points	2.03%	0.48%
PepsicoPEP	DGRO +1.44 points	1.72%	0.28%
Coca-ColaKO	DGRO +1.35 points	1.89%	0.54%
JPMorgan Chase & CoJPM	DGRO +1.34 points	2.68%	1.34%
UnitedHealth GroupUNH	DGRO +1.33 points	1.89%	0.56%
Merck & Co IncMRK	DGRO +1.22 points	1.74%	0.52%
International Business Machines CoIBM	DGRO +1.13 points	1.49%	0.36%
Accenture PLC Class AACN	DGRO +0.87 points	1.10%	0.23%
Nextera EnergyNEE	DGRO +0.87 points	1.13%	0.26%
Amgen IncAMGN	DGRO +0.87 points	1.23%	0.36%
Mcdonalds CorpMCD	DGRO +0.86 points	1.13%	0.27%
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%	0.50%
ConocophillipsCOP	DGRO +0.71 points	0.98%	0.27%
Morgan StanleyMS	DGRO +0.70 points	1.03%	0.33%
QualcommQCOM	DGRO +0.65 points	0.94%	0.29%
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%
Medtronic PLCMDT	DGRO +0.63 points	0.81%	0.18%
Duke Energy CorpDUK	DGRO +0.62 points	0.77%	0.15%
Goldman Sachs GroupGS	DGRO +0.62 points	1.01%	0.39%
CitigroupC	DGRO +0.57 points	0.88%	0.31%
Pnc Financial Services GroupPNC	DGRO +0.51 points	0.65%	0.14%
Lockheed MartinLMT	DGRO +0.51 points	0.70%	0.19%
Union PacificUNP	DGRO +0.50 points	0.77%	0.27%
BlackRockBLK	DGRO +0.46 points	0.71%	0.25%
Mondelez International Class AMDLZ	DGRO +0.45 points	0.57%	0.12%
Automatic Data Processing IncADP	DGRO +0.45 points	0.63%	0.18%
RtxRTX	DGRO +0.44 points	0.84%	0.40%
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%
Illinois Tool IncITW	DGRO +0.30 points	0.41%	0.11%
SempraSRE	DGRO +0.30 points	0.38%	0.08%
Phillips 66PSX	DGRO +0.30 points	0.47%	0.17%
OracleORCL	DGRO +0.29 points	0.62%	0.33%
MarshMRSH	DGRO +0.29 points	0.43%	0.14%
Colgate-PalmoliveCL	DGRO +0.28 points	0.39%	0.11%
Xcel Energy IncXEL	DGRO +0.27 points	0.34%	0.07%
Cme Group Class ACME	DGRO +0.26 points	0.43%	0.17%
Air Products and ChemicalsAPD	DGRO +0.26 points	0.36%	0.10%
TjxTJX	DGRO +0.25 points	0.49%	0.24%
Analog DevicesADI	DGRO +0.25 points	0.55%	0.30%
WalmartWMT	DGRO +0.25 points	1.06%	0.81%
CignaCI	DGRO +0.25 points	0.37%	0.12%
Consolidated EdisonED	DGRO +0.25 points	0.31%	0.06%
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	SPYM +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	SPYM +0.21 points	0.17%	0.38%
MetlifeMET	DGRO +0.20 points	0.28%	0.08%
General Dynamics CorpGD	DGRO +0.20 points	0.34%	0.14%
Waste Management IncWM	DGRO +0.19 points	0.33%	0.14%
Eli LillyLLY	SPYM +0.20 points	1.35%	1.55%
Entergy CorpETR	DGRO +0.19 points	0.27%	0.08%
Broadcom IncAVGO	DGRO +0.18 points	2.55%	2.37%
Elevance Health IncELV	DGRO +0.19 points	0.33%	0.14%
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%
Ares Management Class AARES	DGRO +0.18 points	0.22%	0.04%
American ExpressAXP	DGRO +0.17 points	0.42%	0.25%
FastenalFAST	DGRO +0.17 points	0.26%	0.09%
Microchip Technology IncMCHP	DGRO +0.17 points	0.23%	0.06%
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%
Nxp Semiconductors NVNXPI	DGRO +0.15 points	0.24%	0.09%
Applied Material IncAMAT	SPYM +0.15 points	0.32%	0.47%
Cummins IncCMI	DGRO +0.14 points	0.25%	0.11%
AmerenAEE	DGRO +0.14 points	0.19%	0.05%
ChubbCB	DGRO +0.14 points	0.33%	0.19%
IntuitINTU	DGRO +0.14 points	0.28%	0.14%
L3HARRIS TechnologiesLHX	DGRO +0.14 points	0.21%	0.07%
Archer Daniels MidlandADM	DGRO +0.13 points	0.19%	0.06%
Allstate CorpALL	DGRO +0.13 points	0.23%	0.10%
Eaton PLCETN	DGRO +0.13 points	0.35%	0.22%
M&T BankMTB	DGRO +0.13 points	0.18%	0.05%
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%
Te Connectivity PLCTEL	DGRO +0.12 points	0.21%	0.09%
Travelers CompaniesTRV	DGRO +0.12 points	0.25%	0.13%
StrykerSYK	DGRO +0.12 points	0.28%	0.16%

All 391 DGRO holdings⁠All 505 SPYM 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 SPYM Cost

Overpaying DGRO vs SPYM

$1,263

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

DGRO 0.08%
$1,689
SPYM 0.02%
$426

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
SPYM 0.02%
Overpaying

Year by year

Year	DGRO	SPYM	Overpaying
10	$147	$37	$110
20	$575	$144	$431
30	$1,689	$426	$1,263

Expense ratio

0.08%DGRO
0.02%SPYM, 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

SPYM among 14 S&P 500 funds

SPYM0.02%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

SPYM cheapest of 14 funds

DGRO vs SPYM Dividends

Last 12 months to Oct 28, 2026

Yield (12M): DGRO 1.86%, better; SPYM 1.00%
Payout (12M): DGRO $1.49; SPYM $0.91
Last payment: DGRO $0.39; SPYM $0.24
Ex-dividend: DGRO Sep 15, 2026; SPYM Sep 11, 2026
Paid on: DGRO Sep 18, 2026; SPYM Sep 15, 2026
Frequency: DGRO Quarterly; SPYM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGROQuarterly · 39 paymentsAll DGRO payments⁠

SPYMQuarterly · 39 paymentsAll SPYM payments⁠

DGRO vs SPYM Risk

Fall from peak · 5 years

DGRO
SPYM

Risk facts

VolatilityStd dev, 3 years: DGRO 10.5%, betterSPYM 12.4%
Return per unit of riskSharpe ratio, 3 years: DGRO 1.18SPYM 1.37, better
Worst fallMax drawdown, 5 years: DGRO −19.3%, betterSPYM −24.5%
Market sensitivityBeta, 5 years: DGRO 0.67SPYM 1.01; Market = 1

DGRO and SPYM in the news

All news⁠

Head-to-Head
SPYM leads IWF by 9.4 percentage points in 2026. They are not the same bet
Oct 21, 2026SPYM
Deep Dive
SPY trailed the S&P 500 by 0.14 percentage points over the past year, more than triple the gap at cheaper rivals
Oct 13, 2026SPYM
Deep Dive
VOO shares its portfolio with other Vanguard 500 index fund share classes
Oct 10, 2026SPYM
Best ETFs
The cheap S&P 500 funds tied this year. Equal weight did not.
Updated Oct 2, 2026SPYM
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

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