DGRO vs VIG: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

Vanguard Dividend Appreciation ETF

VIGANYSE Arca

Overlap

68.1%by weight

Expense ratio

VIG −0.04pt a year

DGRO0.08%VIG0.04%

Avg volume · 30D

DGRO 1.4×the volume

DGRO1.43MVIG1.04M

10Y return · a year

DGRO +0.4pt

DGRO+14.1%VIG+13.7%

DGRO vs VIG Performance

Nov 5, 2021 – Nov 6, 2026

+65.9%DGRO+59.5%VIG

Expense ratio: DGRO 0.08%; VIG 0.04%, better
Fund size: DGRO $44.9B; VIG $109B
1Y total return: DGRO +20.6%, better; VIG +14.8%
Yield (12M): DGRO 1.87%, better; VIG 1.50%
Holdings: DGRO 394; VIG 343
Avg volume (30D): DGRO 1.43M sh, better; VIG 1.04M sh
NAV per share: DGRO $80.24; VIG $252.69
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, VIG, with each pillar’s weight
Pillar	DGRO	VIG
Cost30% weight	A88	A100Higher
Mission25% weight	A99Higher	A86
Risk15% weight	A78Higher	B57
Tradability15% weight	A89Higher	B59
Holdings10% weight	B62Higher	C52
Durability5% weight	A87	A91Higher

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DGRO and VIG 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 VIG 5th 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 4ADIVBiShares Core Dividend ETFScore 79
Rank 5AVIGVanguard Dividend Appreciation ETFScore 78
Rank 6ADLNWisdomTree U.S. LargeCap Dividend FundScore 74

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

VIGAVanguard Dividend Appreciation 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.

VIG VIG buys dividend growth, not fat yields: about 300 US companies with a record of raising their payouts, tracked for 0.04% a year. Running since 2006 and now north of $100 billion, it is the plain-vanilla anchor of the dividend-screen aisle.

Stated mandate

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

VIG The fund seeks to track the S&P U.S. Dividend Growers Index, which represents common stocks of companies with a record of increasing dividends over time.

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.

VIG At 0.04% a year, the fee is roughly a tenth of the typical dividend-screen fund's 0.39%, and undercuts every other top-graded fund in the group, DGRO and SCHD included.
The screen rewards a record of increasing dividends rather than the biggest current payout, so the basket leans on payout discipline instead of stretched yields.
Live since 2006, over $100 billion in assets and actively traded, which shows up as easy fills rather than wide spreads.
About 300 holdings, cash paid quarterly, and one of the strongest overall implementations in its dividend-screen peer group.

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.

VIG Growth of payouts, not maximum income, is the mandate. That puts it on a different axis than high-dividend funds such as SPYD.
US stocks only, no bonds and no overseas payers, and sector weights are whatever the index screen spits out.
Portfolio risk and concentration measures land mid-pack for the category: it is fully invested in equities and drops when the market drops.

Full DGRO profile⁠

Full VIG profile⁠

DGRO vs VIG Holdings

How DGRO and VIG differ

Overlap by weight

68.1%

Shared holdings make up 96.2% of VIG and 80.9% of DGRO.

Level by level

Holdings246 in both68.1%
Sector10 Sectors87.2%
Countryby domicile99.3%
Asset classStocks100%

Sector

Sector weights in DGRO and VIG, widest gap first
Sector	Gap	DGRO	VIG
Technology	VIG +9.6 points	17.8%	27.4%
Utilities	DGRO +4.4 points	7.1%	2.7%
Consumer Staples	DGRO +3.5 points	12.6%	9.1%
Energy	DGRO +2.2 points	5.8%	3.6%
Consumer Discretionary	DGRO +2.2 points	6.1%	3.9%
Financials	VIG +1.3 points	19.4%	20.7%
Health Care	VIG +1.1 points	17.6%	18.7%
Materials	VIG +0.8 points	2.4%	3.2%
Industrials	DGRO +0.4 points	11.2%	10.8%
Communication	DGRO +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and VIG, widest gap first
Country	More in DGROMore in VIG	Gap	DGRO	VIG
United States		VIG +0.7 points	99.3%	100.0%
Other countries (4)		DGRO +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

DGRO26.8%
VIG34.5%

Securities held

DGRO391
VIG341

Asset class

DGRO: Stocks
VIG: Stocks

Holdings

Only in DGRO145
In both246
Only in VIG95

Only in DGRO

145 securities, 18.8% of DGRO by weight

Philip Morris International2.21%
Wells Fargo1.25%
Conocophillips0.89%
Citigroup0.85%
Rtx0.82%
Southern0.81%
Duke Energy Corp0.80%
Tjx0.49%
Eog Resources0.47%
American Express0.44%
Cigna0.37%
Deere0.34%
Consolidated Edison0.32%
Keurig Dr Pepper Inc0.31%
Wec Energy Group0.30%
Applied Material Inc0.26%
Ares Management Class A0.24%
Fedex Corp0.23%
Crh Public Limited PLC0.23%
Nxp Semiconductors NV0.23%
Parker-Hannifin0.20%
Johnson Controls International PLC0.19%
Yum Brands0.19%
Trane Technologies PLC0.18%
M&T Bank0.18%
Darden Restaurants Inc0.17%
Thermo Fisher Scientific0.17%
Otis Worldwide0.16%
Diamondback Energy0.16%
Garmin0.15%
Evergy0.15%
Ferguson Enterprises0.15%
Carrier Global0.15%
Ebay0.14%
Cognizant Technology Solutions Cla0.14%
Centerpoint Energy0.14%
Paccar Inc0.13%
Hca Healthcare0.13%
Ross Stores Inc0.12%
Northern Trust0.12%
Genuine Parts0.12%
Kkr and Co Inc0.11%
Fidelity National Financial Inc0.11%
Humana0.10%
Cheniere Energy0.10%
East West Bancorp0.09%
Synchrony Financial0.09%
Oge Energy0.08%
Vylor0.08%
Royalty Pharma PLC Class A0.08%

Only in VIG

95 securities, 3.6% of VIG by weight

Texas Instruments Inc1.13%
Starbucks Corp0.47%
Honeywell Aerospace Inc0.22%
NIKE Inc0.19%
TRS:VISA INC-CLASS A SHARES USD 2027-Aug-310.18%
Sunbelt Rentals Holdings Inc0.13%
Cboe Global Markets Inc0.13%
Veralto Corp0.10%
RB Global Inc0.07%
TRS:GOLDMAN SACHS GROUP INC USD 2027-Aug-310.06%
Albemarle Corp0.06%
Watsco Inc0.05%
TRS:KROGER CO USD 2027-Jan-290.05%
Solstice Advanced Materials Inc0.04%
Matson Inc0.03%
Amdocs Ltd0.03%
Materion Corp0.02%
TRS:GOLDMAN SACHS GROUP INC USD 2027-Jan-290.02%
Graham Holdings Co0.02%
International Bancshares Corp0.02%
Otter Tail Corp0.02%
Avient Corp0.02%
Independent Bank Corp0.02%
Brady Corp0.02%
Badger Meter Inc0.02%
Dolby Laboratories Inc0.02%
Standex International Corp0.01%
HNI Corp0.01%
American States Water Co0.01%
Community Financial System Inc0.01%
Exponent Inc0.01%
Towne Bank/Portsmouth VA0.01%
Chesapeake Utilities Corp0.01%
Kadant Inc0.01%
Power Integrations Inc0.01%
California Water Service Group0.01%
ABM Industries Inc0.01%
McGrath RentCorp0.01%
National HealthCare Corp0.01%
WD-40 Co0.01%
HB Fuller Co0.01%
Hawkins Inc0.01%
MGE Energy Inc0.01%
NBT Bancorp Inc0.01%
First Merchants Corp0.01%
Innospec Inc0.01%
H2O America<0.01%
BancFirst Corp<0.01%
Stock Yards Bancorp Inc<0.01%
Andersons Inc/The<0.01%

Weight gaps

The 100 widest of 246 Holdings in both funds.

Holding weights in DGRO and VIG, widest gap first
Holding	Gap	DGRO	VIG
Eli LillyLLY	VIG +2.66 points	1.44%	4.10%
Broadcom IncAVGO	VIG +2.14 points	2.16%	4.30%
AppleAAPL	VIG +1.82 points	3.07%	4.89%
MicrosoftMSFT	VIG +1.75 points	3.15%	4.90%
Lam ResearchLRCX	VIG +1.65 points	0.17%	1.82%
Visa Class AV	VIG +1.40 points	1.13%	2.53%
Mastercard Class AMA	VIG +1.28 points	0.69%	1.97%
JPMorgan Chase & CoJPM	VIG +1.21 points	2.68%	3.89%
Caterpillar IncCAT	VIG +1.20 points	0.45%	1.65%
Costco Wholesale CorpCOST	VIG +1.12 points	0.67%	1.79%
PepsicoPEP	DGRO +1.07 points	1.83%	0.77%
Procter & GamblePG	DGRO +1.03 points	2.53%	1.50%
AbbVieABBV	DGRO +0.96 points	3.01%	2.05%
Home DepotHD	DGRO +0.96 points	2.22%	1.26%
KlaKLAC	VIG +0.95 points	0.18%	1.13%
WalmartWMT	VIG +0.92 points	1.13%	2.05%
Accenture PLC Class AACN	DGRO +0.74 points	1.24%	0.50%
Amphenol Corp Class AAPH	VIG +0.69 points	0.23%	0.92%
Cisco Systems IncCSCO	VIG +0.61 points	1.27%	1.88%
International Business Machines CoIBM	DGRO +0.55 points	1.47%	0.92%
Mcdonalds CorpMCD	DGRO +0.53 points	1.25%	0.72%
OracleORCL	VIG +0.51 points	0.54%	1.05%
Nextera EnergyNEE	DGRO +0.50 points	1.20%	0.70%
Coca-ColaKO	DGRO +0.49 points	1.97%	1.48%
Eaton PLCETN	VIG +0.44 points	0.30%	0.74%
Medtronic PLCMDT	DGRO +0.41 points	0.90%	0.49%
Analog DevicesADI	VIG +0.39 points	0.47%	0.86%
DanaherDHR	VIG +0.36 points	0.24%	0.61%
UnitedHealth GroupUNH	DGRO +0.36 points	1.82%	1.46%
Mckesson CorpMCK	VIG +0.34 points	0.10%	0.44%
Bank of AmericaBAC	VIG +0.31 points	1.26%	1.57%
Mondelez International Class AMDLZ	DGRO +0.28 points	0.61%	0.33%
Linde PLCLIN	VIG +0.27 points	0.70%	0.97%
Pnc Financial Services GroupPNC	DGRO +0.26 points	0.64%	0.38%
S&P GlobalSPGI	VIG +0.26 points	0.27%	0.53%
Amgen IncAMGN	DGRO +0.25 points	1.26%	1.01%
Abbott LaboratoriesABT	DGRO +0.24 points	1.00%	0.76%
Comfort Systems UsaFIX	VIG +0.24 points	0.02%	0.26%
Lowes Companies IncLOW	DGRO +0.22 points	0.68%	0.46%
Merck & Co IncMRK	DGRO +0.20 points	1.79%	1.59%
Automatic Data Processing IncADP	DGRO +0.20 points	0.65%	0.45%
Lockheed MartinLMT	DGRO +0.19 points	0.65%	0.46%
American Electric Power IncAEP	DGRO +0.17 points	0.46%	0.29%
Gilead SciencesGILD	DGRO +0.17 points	0.99%	0.82%
ChubbCB	VIG +0.17 points	0.34%	0.51%
Sherwin WilliamsSHW	VIG +0.16 points	0.17%	0.33%
Moodys CorpMCO	VIG +0.16 points	0.14%	0.30%
CencoraCOR	VIG +0.15 points	0.10%	0.25%
Xcel Energy IncXEL	DGRO +0.14 points	0.34%	0.20%
CsxCSX	VIG +0.15 points	0.23%	0.38%
Agilent Technologies IncA	VIG +0.15 points	0.07%	0.22%
Public Service Enterprise GroupPEG	DGRO +0.14 points	0.29%	0.15%
Ww Grainger IncGWW	VIG +0.13 points	0.11%	0.24%
Motorola Solutions IncMSI	VIG +0.14 points	0.19%	0.33%
SempraSRE	DGRO +0.13 points	0.36%	0.23%
NucorNUE	VIG +0.13 points	0.10%	0.23%
EcolabECL	VIG +0.13 points	0.18%	0.31%
Illinois Tool IncITW	DGRO +0.12 points	0.42%	0.30%
KrogerKR	DGRO +0.13 points	0.23%	0.10%
Goldman Sachs GroupGS	VIG +0.13 points	0.96%	1.09%
CintasCTAS	VIG +0.12 points	0.18%	0.30%
StrykerSYK	VIG +0.12 points	0.31%	0.43%
Cardinal HealthCAH	VIG +0.12 points	0.11%	0.23%
Colgate-PalmoliveCL	DGRO +0.11 points	0.41%	0.30%
MarshMRSH	DGRO +0.11 points	0.47%	0.36%
Fifth Third BancorpFITB	DGRO +0.11 points	0.31%	0.20%
Cummins IncCMI	VIG +0.10 points	0.21%	0.31%
Intercontinental Exchange IncICE	VIG +0.10 points	0.28%	0.38%
Bank of New York Mellon CorpBNY	VIG +0.10 points	0.33%	0.43%
West Pharmaceutical ServicesWST	VIG +0.10 points	0.02%	0.12%
Aon PLC Class AAON	VIG +0.10 points	0.16%	0.26%
Dte EnergyDTE	DGRO +0.10 points	0.21%	0.11%
Rockwell Automation IncROK	VIG +0.09 points	0.12%	0.21%
Honeywell International IncHON	VIG +0.10 points	0.20%	0.30%
Emerson ElectricEMR	VIG +0.09 points	0.29%	0.38%
Air Products and ChemicalsAPD	DGRO +0.09 points	0.36%	0.27%
Arthur J GallagherAJG	VIG +0.09 points	0.17%	0.26%
Tyson Foods Inc Class ATSN	DGRO +0.09 points	0.15%	0.06%
Martin Marietta MaterialsMLM	VIG +0.08 points	0.04%	0.13%
Caseys General Stores IncCASY	VIG +0.08 points	0.02%	0.10%
Travelers CompaniesTRV	VIG +0.08 points	0.25%	0.33%
Zoetis Inc Class AZTS	DGRO +0.08 points	0.21%	0.13%
Vulcan MaterialsVMC	VIG +0.08 points	0.06%	0.14%
QualcommQCOM	VIG +0.07 points	0.80%	0.87%
Te Connectivity PLCTEL	VIG +0.07 points	0.20%	0.27%
Steel Dynamics IncSTLD	VIG +0.07 points	0.06%	0.13%
Constellation Brands Class ASTZ	DGRO +0.07 points	0.15%	0.08%
Becton DickinsonBDX	DGRO +0.07 points	0.29%	0.22%
Ameriprise Finance IncAMP	VIG +0.07 points	0.12%	0.19%
Heico Class AHEI.A	VIG +0.08 points	<0.01%	0.08%
Cms EnergyCMS	DGRO +0.07 points	0.16%	0.09%
AmerenAEE	DGRO +0.07 points	0.19%	0.12%
Entergy CorpETR	DGRO +0.06 points	0.27%	0.21%
Texas Pacific LandTPL	VIG +0.06 points	0.02%	0.08%
Expeditors International of WashinEXPD	VIG +0.06 points	0.05%	0.11%
Republic Services IncRSG	VIG +0.06 points	0.12%	0.18%
MetlifeMET	DGRO +0.06 points	0.28%	0.22%
Roper TechnologiesROP	VIG +0.06 points	0.09%	0.15%
Alliant Energy CorpLNT	DGRO +0.06 points	0.13%	0.07%
Ppg IndustriesPPG	DGRO +0.06 points	0.16%	0.10%

All 391 DGRO holdings⁠All 333 VIG 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 VIG Cost

Overpaying DGRO vs VIG

$840

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

DGRO 0.08%
$1,689
VIG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
VIG 0.04%
Overpaying

Year by year

Year	DGRO	VIG	Overpaying
10	$147	$73	$74
20	$575	$288	$287
30	$1,689	$849	$840

Expense ratio

0.08%DGRO
0.04%VIG, cheaper

VIG0.04%DGRO0.08%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

VIG cheapest of 52 funds

DGRO 8th cheapest of 52 funds

DGRO vs VIG Dividends

Last 12 months to Nov 6, 2026

Yield (12M): DGRO 1.87%, better; VIG 1.50%
Payout (12M): DGRO $1.49; VIG $3.65
Last payment: DGRO $0.39; VIG $0.93
Ex-dividend: DGRO Sep 15, 2026; VIG Sep 28, 2026
Paid on: DGRO Sep 18, 2026; VIG Sep 30, 2026
Frequency: DGRO Quarterly; VIG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGROQuarterly · 39 paymentsAll DGRO payments⁠

VIGQuarterly · 39 paymentsAll VIG payments⁠

DGRO vs VIG Risk

Fall from peak · 5 years

DGRO
VIG

Risk facts

VolatilityStd dev, 3 years: DGRO 10.8%VIG 10.6%, better
Return per unit of riskSharpe ratio, 3 years: DGRO 1.47, betterVIG 1.33
Worst fallMax drawdown, 5 years: DGRO −19.3%, betterVIG −20.4%
Market sensitivityBeta, 5 years: DGRO 0.67VIG 0.80; Market = 1

DGRO and VIG in the news

All news⁠

Best ETFs
For a rising dividend, iShares Core Dividend Growth ETF ranks first
Updated Nov 2, 2026DGROVIG
New ETFs
Eventide lists two ETFs at 0.75% and 0.95% for strategies it already runs
Oct 30, 2026DGROVIG
Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026DGROVIG
New ETFs
Raub Brock lists HQDG, an active dividend-growth ETF priced at 0.50%
Sep 8, 2026DGROVIG
Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026DGRO
Head-to-Head
SCHD yields twice what VIG does. Over 10 years, VIG still leads.
Oct 22, 2026VIG

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DGRO vs VIG

In short

Stated mandate

Why people hold it