DGRO vs DIVO
iShares Core Dividend Growth ETF vs Amplify CWP Enhanced Dividend Income ETF
Last updated: 2026-04-10
iShares Core Dividend Growth ETF (DGRO) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.08%. The fund offers a moderate dividend yield of 2.05%. Launched in 2014, the fund has a 12-year track record.
Amplify CWP Enhanced Dividend Income ETF (DIVO) is an exchange-traded fund issued by Amplify that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a high expense ratio of 0.56%. The fund offers a high dividend yield of 6.39%. Launched in 2016, the fund has a 10-year track record.
Quick Verdict
DGRO is significantly cheaper at 0.08% vs 0.56% expense ratio, saving you approximately $934 per $10,000 invested over 10 years. Over the past year, DGRO has significantly outperformed with a 25.5% return vs 17.2%. Income investors may prefer DIVO for its higher yield (6.4% vs 2.0%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
4 of top 10 holdings overlap (40% overlap in top holdings)
DGRO Top Holdings
| Name | Weight |
|---|---|
| JPMorgan Chase & Co.JPM | 3.06% |
| Exxon Mobil CorporationXOM | 3.00% |
| Apple Inc.AAPL | 2.86% |
| Johnson & JohnsonJNJ | 2.83% |
| Broadcom Inc.AVGO | 2.79% |
| Microsoft CorporationMSFT | 2.73% |
| AbbVie Inc.ABBV | 2.58% |
| The Procter & Gamble CompanyPG | 2.08% |
| Merck & Co., Inc.MRK | 2.02% |
| The Home Depot, Inc.HD | 1.98% |
DIVO Top Holdings
| Name | Weight |
|---|---|
| RTX CorporationRTX | 5.46% |
| Caterpillar Inc.CAT | 5.38% |
| The Goldman Sachs Group, Inc.GS | 5.13% |
| Microsoft CorporationMSFT | 5.05% |
| JPMorgan Chase & Co.JPM | 5.04% |
| American Express CompanyAXP | 4.97% |
| Apple Inc.AAPL | 4.85% |
| The TJX Companies, Inc.TJX | 4.63% |
| Amplify Samsung SOFR ETF#SOFR | 4.31% |
| The Home Depot, Inc.HD | 4.24% |
Which One Should You Choose?
Choose DGRO if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose DGRO if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose DIVO if...
you prioritize dividend income and want higher regular distributions from your portfolio.
Either works if...
you just need broad us dividend exposure. Both are solid options — pick whichever your brokerage offers commission-free.