DGRO vs VONV: Grades, Fees and Holdings Compared

iShares Core Dividend Growth ETF

DGROANYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

51.1%by weight

Expense ratio

VONV −0.02pt a year

DGRO0.08%VONV0.06%

Avg volume · 30D

DGRO 1.8×the volume

DGRO1.39MVONV772K

10Y return · a year

DGRO +2.0pt

DGRO+14.0%VONV+12.0%

DGRO vs VONV Performance

Oct 28, 2021 – Oct 28, 2026

+69.1%DGRO+73.8%VONV

Expense ratio: DGRO 0.08%; VONV 0.06%, better
Fund size: DGRO $44.7B; VONV $23.3B
1Y total return: DGRO +18.8%; VONV +27.7%, better
Yield (12M): DGRO 1.86%, better; VONV 1.53%
Holdings: DGRO 394; VONV 873
Avg volume (30D): DGRO 1.39M sh, better; VONV 772K sh
NAV per share: DGRO $79.98; VONV $113.36
52W range

ETF.net Grade

Pillar letters and Scores for DGRO, VONV, with each pillar’s weight
Pillar	DGRO	VONV
Cost30% weight	A88	A96
Mission25% weight	A91	A100
Risk15% weight	A74	A85
Tradability15% weight	A90	B60
Holdings10% weight	B63	C49
Durability5% weight	A87	A93

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

US Multifactor⁠

Category · 99 funds

See all 99 ›

VONV ranks 1st of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81

Our read on each fund

ETF.net Research

DGROAiShares Core Dividend Growth ETF

VONVAVanguard Russell 1000 Value 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.

VONV The plain-vanilla value trade, done cheap: about 900 large US value stocks, full replication of the Russell 1000 Value Index, 0.06% a year. No factor cocktail, no premium price tag, and one of the strongest implementations in its factor peer group.

Stated mandate

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

VONV The fund seeks to track the Russell 1000 Value Index, representing large-capitalization value stocks in the United States. It uses passive indexing and full replication to remain closely aligned with that benchmark.

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.

VONV 0.06% a year, a fraction of the typical fee among factor ETFs. On a rules-based value index there is little room for cleverness, so cost does most of the work.vanguard.com
Full replication, not sampling: it owns the index's roughly 900 names and has stayed tightly aligned with the Russell 1000 Value benchmark since launching in 2010.
Same Russell benchmark as pricier rivals for less: the Goldman MarketBeta version (GVUS) charges 0.12% to track the identical value index.
A multi-billion-dollar fund that trades actively, among the easiest in its group to get in and out of, and it distributes 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.

VONV One screen, one style. Value only, with no quality or momentum overlay, so the ride follows the value side of the market wherever it goes.vanguard.com
This is the entire value bucket, not a best-ideas portfolio. About 900 holdings means results hug the large-cap value category rather than stray from it.
Cheaper exists nearby: Vanguard's VYM charges 0.04%, but it screens for dividend yield, a different portfolio than a Russell value index.

Full DGRO profile⁠

Full VONV profile⁠

DGRO vs VONV Holdings

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

How DGRO and VONV differ

Overlap by weight

51.1%

Shared holdings make up 88.2% of DGRO and 58.5% of VONV.

Level by level

Holdings314 in both51.1%
Sector11 Sectors83.4%
Countryby domicile95.1%
Asset classEquity100%

Sector

Sector weights in DGRO and VONV, widest gap first
Sector	More in DGROMore in VONV	DGRO	VONV
Consumer Staples	DGRO +5.6 points	12.8%	7.2%
Technology	VONV +4.4 points	17.5%	21.9%
Consumer Discretionary	VONV +4.4 points	6.0%	10.4%
Health Care	DGRO +4.2 points	17.6%	13.4%
Utilities	DGRO +3.7 points	7.1%	3.4%
Real Estate	VONV +3.5 points	0.0%	3.5%
Communication	VONV +3.3 points	0.1%	3.4%
Industrials	DGRO +1.7 points	11.2%	9.5%
Financials	DGRO +1.4 points	19.3%	17.9%
Materials	VONV +0.9 points	2.4%	3.3%
Energy	VONV +0.3 points	5.9%	6.2%

Country, concentration and asset class

Country by domicile

Country weights in DGRO and VONV, widest gap first
Country	More in DGROMore in VONV	DGRO	VONV
United States	VONV +4.9 points	95.1%	100.0%
Ireland	DGRO +3.2 points	3.2%	0.0%
United Kingdom	DGRO +0.8 points	0.8%	0.0%
Other countries (4)	DGRO +0.9 points	0.9%	0.0%

Concentration

Weight in the 10 largest Holdings

DGRO27.2%
VONV29.8%

Securities held

DGRO391
VONV871

Asset class

DGRO: Equity
VONV: Equity

Holdings

Only in DGRO77
In both314
Only in VONV557

Only in DGRO

77 securities, 11.5% of DGRO by weight

Broadcom Inc2.55%
Eli Lilly1.35%
Visa Class A1.08%
Lockheed Martin0.70%
Mastercard Class A0.65%
Oracle0.62%
Caterpillar Inc0.58%
Applied Material Inc0.32%
Amphenol Corp Class A0.26%
Nxp Semiconductors NV0.24%
Microchip Technology Inc0.23%
Lam Research0.22%
Kla0.22%
Ares Management Class A0.22%
Te Connectivity PLC0.21%
Trane Technologies PLC0.21%
Cintas0.17%
Darden Restaurants Inc0.16%
Cencora0.10%
Vylor0.09%
Monolithic Power Systems Inc0.08%
Nrg Energy Inc0.07%
Vistra0.07%
Black Hills Corp0.05%
Rollins Inc0.05%
Spire Inc0.04%
Northwestern Energy Group0.04%
New Jersey Resources Corp0.04%
Home Bancshares Inc0.04%
Txnm Energy Inc0.04%
Magnolia Oil Gas Corp Class A0.04%
Howmet Aerospace0.04%
One Gas0.04%
Jackson Financial Class A0.03%
Erie Indemnity Class A0.03%
Radian Group0.03%
Texas Pacific Land0.03%
California Resources0.03%
Kontoor Brands0.03%
Essent Group0.03%
Umb Financial0.03%
Warner Music Group Class A0.03%
Selective Insurance Group0.03%
United Community Banks Inc0.02%
Comfort Systems Usa0.02%
First Financial Bankshares Inc0.02%
Victory Capital Holdings Class A0.02%
Herc Holdings0.02%
Cabot Corp0.02%
Gatx0.02%

Only in VONV

557 securities, 41.3% of VONV by weight

Amazon.com Inc6.09%
Berkshire Hathaway Inc2.55%
Intel Corp1.51%
Chevron Corp1.04%
Meta Platforms Inc0.80%
Verizon Communications Inc0.53%
Salesforce Inc0.50%
Walt Disney Co/The0.50%
Welltower Inc0.46%
AT&T Inc0.45%
Pfizer Inc0.45%
Charles Schwab Corp/The0.41%
Dell Technologies Inc0.39%
Vertex Pharmaceuticals Inc0.37%
Bristol-Myers Squibb Co0.35%
Prologis Inc0.34%
Newmont Corp0.33%
Progressive Corp/The0.33%
Uber Technologies Inc0.33%
Capital One Financial Corp0.32%
Altria Group Inc0.31%
CVS Health Corp0.30%
Freeport-McMoRan Inc0.28%
Equinix Inc0.27%
Valero Energy Corp0.27%
US Bancorp0.25%
Hewlett Packard Enterprise Co0.23%
Williams Cos Inc/The0.23%
Synopsys Inc0.22%
T-Mobile US Inc0.22%
Comcast Corp0.21%
Constellation Energy Corp0.21%
Regeneron Pharmaceuticals Inc0.21%
Warner Bros Discovery Inc0.20%
3M Co0.20%
SLB Ltd0.20%
Target Corp0.20%
Moderna Inc0.19%
O'Reilly Automotive Inc0.19%
Norfolk Southern Corp0.19%
General Motors Co0.19%
Digital Realty Trust Inc0.18%
Boston Scientific Corp0.18%
Kinder Morgan Inc0.16%
United Parcel Service Inc0.16%
Marathon Petroleum Corp0.16%
Truist Financial Corp0.16%
Baker Hughes Co0.15%
Strategy Inc0.15%
ONEOK Inc0.15%

Weight gaps

The 100 widest of 314 Holdings in both funds.

Holding weights in DGRO and VONV, widest gap first
Holding	More in DGROMore in VONV	DGRO	VONV
AppleAAPL	VONV +2.96 points	3.11%	6.07%
MicrosoftMSFT	VONV +2.10 points	3.14%	5.24%
AbbVieABBV	DGRO +1.83 points	3.00%	1.17%
Home DepotHD	DGRO +1.83 points	2.03%	0.20%
Procter & GamblePG	DGRO +1.49 points	2.42%	0.93%
Philip Morris InternationalPM	DGRO +1.41 points	2.23%	0.82%
Exxonmobil Holdings CorpXOM	DGRO +1.40 points	3.24%	1.84%
PepsicoPEP	DGRO +1.30 points	1.72%	0.42%
Coca-ColaKO	DGRO +1.08 points	1.89%	0.81%
Amgen IncAMGN	DGRO +1.05 points	1.23%	0.18%
Johnson & JohnsonJNJ	DGRO +1.02 points	2.77%	1.75%
UnitedHealth GroupUNH	DGRO +0.98 points	1.89%	0.91%
International Business Machines CoIBM	DGRO +0.92 points	1.49%	0.57%
Accenture PLC Class AACN	DGRO +0.79 points	1.10%	0.31%
Merck & Co IncMRK	DGRO +0.75 points	1.74%	0.99%
Nextera EnergyNEE	DGRO +0.69 points	1.13%	0.43%
Mcdonalds CorpMCD	DGRO +0.68 points	1.13%	0.45%
ConocophillipsCOP	DGRO +0.56 points	0.98%	0.42%
Wells FargoWFC	DGRO +0.55 points	1.22%	0.67%
SouthernSO	DGRO +0.55 points	0.81%	0.26%
Duke Energy CorpDUK	DGRO +0.53 points	0.77%	0.24%
Thermo Fisher ScientificTMO	VONV +0.52 points	0.17%	0.69%
Medtronic PLCMDT	DGRO +0.51 points	0.81%	0.30%
Morgan StanleyMS	DGRO +0.45 points	1.03%	0.58%
Automatic Data Processing IncADP	DGRO +0.45 points	0.63%	0.18%
Abbott LaboratoriesABT	DGRO +0.44 points	0.91%	0.47%
Gilead SciencesGILD	DGRO +0.43 points	0.94%	0.51%
QualcommQCOM	DGRO +0.41 points	0.94%	0.53%
Pnc Financial Services GroupPNC	DGRO +0.40 points	0.65%	0.25%
Bank of AmericaBAC	DGRO +0.38 points	1.29%	0.91%
CitigroupC	DGRO +0.38 points	0.88%	0.50%
Mondelez International Class AMDLZ	DGRO +0.37 points	0.57%	0.20%
Union PacificUNP	DGRO +0.36 points	0.77%	0.41%
Goldman Sachs GroupGS	DGRO +0.34 points	1.01%	0.67%
Eog ResourcesEOG	DGRO +0.32 points	0.52%	0.20%
Cisco Systems IncCSCO	DGRO +0.32 points	1.49%	1.17%
Lowes Companies IncLOW	DGRO +0.32 points	0.60%	0.28%
American Electric Power IncAEP	DGRO +0.30 points	0.48%	0.18%
Colgate-PalmoliveCL	DGRO +0.28 points	0.39%	0.11%
TjxTJX	DGRO +0.27 points	0.49%	0.22%
Illinois Tool IncITW	DGRO +0.27 points	0.41%	0.14%
BlackRockBLK	DGRO +0.27 points	0.71%	0.44%
JPMorgan Chase & CoJPM	DGRO +0.25 points	2.68%	2.43%
SempraSRE	DGRO +0.24 points	0.38%	0.14%
FastenalFAST	DGRO +0.23 points	0.26%	0.03%
Xcel Energy IncXEL	DGRO +0.22 points	0.34%	0.12%
Consolidated EdisonED	DGRO +0.21 points	0.31%	0.10%
Phillips 66PSX	DGRO +0.21 points	0.47%	0.26%
MarshMRSH	DGRO +0.20 points	0.43%	0.23%
Public Service Enterprise GroupPEG	DGRO +0.20 points	0.29%	0.09%
Wec Energy GroupWEC	DGRO +0.20 points	0.29%	0.09%
Air Products and ChemicalsAPD	DGRO +0.19 points	0.36%	0.17%
Keurig Dr Pepper IncKDP	DGRO +0.18 points	0.29%	0.11%
Fifth Third BancorpFITB	DGRO +0.18 points	0.31%	0.13%
SyscoSYY	DGRO +0.19 points	0.24%	0.05%
Zoetis Inc Class AZTS	DGRO +0.18 points	0.20%	0.02%
Waste Management IncWM	DGRO +0.18 points	0.33%	0.15%
CignaCI	DGRO +0.17 points	0.37%	0.20%
Cme Group Class ACME	DGRO +0.17 points	0.43%	0.26%
Northrop Grumman CorpNOC	DGRO +0.15 points	0.33%	0.18%
RtxRTX	DGRO +0.15 points	0.84%	0.69%
Cummins IncCMI	DGRO +0.14 points	0.25%	0.11%
MetlifeMET	DGRO +0.14 points	0.28%	0.14%
IntuitINTU	DGRO +0.14 points	0.28%	0.14%
Entergy CorpETR	DGRO +0.14 points	0.27%	0.13%
Dte EnergyDTE	DGRO +0.14 points	0.21%	0.07%
DanaherDHR	VONV +0.14 points	0.25%	0.39%
Parker-HannifinPH	VONV +0.13 points	0.20%	0.33%
DeereDE	VONV +0.13 points	0.33%	0.46%
Becton DickinsonBDX	DGRO +0.13 points	0.27%	0.14%
CortevaCTVA	VONV +0.13 points	0.01%	0.14%
KrogerKR	DGRO +0.13 points	0.22%	0.09%
American ExpressAXP	DGRO +0.11 points	0.42%	0.31%
Rockwell Automation IncROK	DGRO +0.12 points	0.14%	0.02%
AmerenAEE	DGRO +0.11 points	0.19%	0.08%
AflacAFL	DGRO +0.11 points	0.25%	0.14%
General Dynamics CorpGD	DGRO +0.11 points	0.34%	0.23%
Cms EnergyCMS	DGRO +0.11 points	0.16%	0.05%
Elevance Health IncELV	DGRO +0.10 points	0.33%	0.23%
Yum BrandsYUM	DGRO +0.10 points	0.17%	0.07%
Tyson Foods Inc Class ATSN	DGRO +0.10 points	0.14%	0.04%
EvergyEVRG	DGRO +0.10 points	0.15%	0.05%
Ross Stores IncROST	DGRO +0.09 points	0.12%	0.03%
M&T BankMTB	DGRO +0.09 points	0.18%	0.09%
Constellation Brands Class ASTZ	DGRO +0.09 points	0.14%	0.05%
Linde PLCLIN	DGRO +0.09 points	0.69%	0.60%
Archer Daniels MidlandADM	DGRO +0.09 points	0.19%	0.10%
L3HARRIS TechnologiesLHX	DGRO +0.09 points	0.21%	0.12%
Otis WorldwideOTIS	DGRO +0.08 points	0.15%	0.07%
American Water WorksAWK	DGRO +0.09 points	0.16%	0.07%
WalmartWMT	VONV +0.09 points	1.06%	1.15%
Principal Financial Group IncPFG	DGRO +0.08 points	0.15%	0.07%
Ametek IncAME	VONV +0.09 points	0.07%	0.16%
Bank of New York Mellon CorpBNY	DGRO +0.09 points	0.34%	0.25%
Ppg IndustriesPPG	DGRO +0.09 points	0.15%	0.06%
NisourceNI	DGRO +0.08 points	0.13%	0.05%
Alliant Energy CorpLNT	DGRO +0.08 points	0.13%	0.04%
Atmos EnergyATO	DGRO +0.08 points	0.15%	0.07%
Centerpoint EnergyCNP	DGRO +0.08 points	0.15%	0.07%
Ww Grainger IncGWW	DGRO +0.08 points	0.10%	0.02%

All 391 DGRO holdings⁠All 872 VONV 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 VONV Cost

Overpaying DGRO vs VONV

$419

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

DGRO 0.08%
$1,689
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

DGRO 0.08%
VONV 0.06%
Overpaying

Year by year

Year	DGRO	VONV	Overpaying
10	$147	$110	$37
20	$575	$432	$143
30	$1,689	$1,270	$419

Expense ratio

0.08%DGRO
0.06%VONV, 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

VONV among 99 US Multifactor funds

VONV0.06%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

DGRO vs VONV Dividends

Last 12 months to Oct 28, 2026

Yield (12M): DGRO 1.86%, better; VONV 1.53%
Payout (12M): DGRO $1.49; VONV $1.74
Last payment: DGRO $0.39; VONV $0.42
Ex-dividend: DGRO Sep 15, 2026; VONV Sep 23, 2026
Paid on: DGRO Sep 18, 2026; VONV Sep 25, 2026
Frequency: DGRO Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGROQuarterly · 39 paymentsAll DGRO payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

DGRO vs VONV Risk

Fall from peak · 5 years

DGRO
VONV

Risk facts

VolatilityStd dev, 3 years: DGRO 10.5%, betterVONV 12.4%
Return per unit of riskSharpe ratio, 3 years: DGRO 1.18VONV 1.18
Worst fallMax drawdown, 5 years: DGRO −19.3%VONV −18.9%, better
Market sensitivityBeta, 5 years: DGRO 0.67VONV 0.85; Market = 1

DGRO and VONV in the news

All news⁠

Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VONV
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
Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026VONV
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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