What is the expense ratio of DGRO vs HDV?

DGRO has an expense ratio of 0.08%, while HDV has an expense ratio of 0.08%.

DGRO vs HDV

iShares Core Dividend Growth ETF vs iShares Core High Dividend ETF

Last updated: 2026-04-10

DGRO iShares

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.

AUM: $38.7B ER: 0.08% Yield: 2.05% Since: Jun 10, 2014

HDV iShares

iShares Core High Dividend ETF (HDV) 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 an attractive dividend yield of 2.95%. Launched in 2011, the fund has a 15-year track record.

AUM: $13.6B ER: 0.08% Yield: 2.95% Since: Mar 29, 2011

Quick Verdict

DGRO has edged ahead over the past year (25.5% vs 21.7%). Income investors may prefer HDV for its higher yield (3.0% vs 2.0%).

Key Metrics

Metric	DGRO	HDV
Expense Ratio	0.08%	0.08%
Dividend Yield	2.0%	3.0%
Fund Family	iShares	iShares
Category	US Dividend	US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

DGRO +45.4%

HDV +40.7%

Performance Comparison

Period	DGRO	HDV	Difference
1 Month	+0.94%	-0.79%	+1.73%
3 Months	+1.25%	+8.35%	-7.10%
6 Months	+6.45%	+11.11%	-4.66%
YTD	+3.09%	+9.86%	-6.77%
1 Year	+25.47%	+21.73%	+3.74%
3 Years	+42.75%	+29.30%	+13.45%
5 Years	+45.37%	+40.68%	+4.69%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	DGRO Fees	HDV Fees	You Save
$10,000	10 years	$159	$159	$0
$10,000	20 years	$686	$686	$0
$10,000	30 years	$2,212	$2,212	$0
$50,000	10 years	$797	$797	$0
$50,000	30 years	$11,061	$11,061	$0
$100,000	30 years	$22,123	$22,123	$0

Risk Metrics

Based on 5 years of daily returns

Metric	DGRO	HDV
Annualized Volatility	14.0%	13.0%
Max Drawdown	-20.7%	-16.9%
Sharpe Ratio	0.29	0.25

Dividend Comparison

Metric	DGRO	HDV
Annual Dividend (per share)	$1.47	$3.96
Dividend Yield	2.04%	2.95%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

6 of top 10 holdings overlap (60% 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%

HDV Top Holdings

Name	Weight
Exxon Mobil CorporationXOM	8.67%
Chevron CorporationCVX	6.52%
Johnson & JohnsonJNJ	6.06%
AbbVie Inc.ABBV	5.53%
The Procter & Gamble CompanyPG	4.46%
Merck & Co., Inc.MRK	4.32%
The Home Depot, Inc.HD	4.23%
Philip Morris International Inc.PM	4.14%
The Coca-Cola CompanyKO	3.86%
The Progressive CorporationPGR	3.79%

Which One Should You Choose?

Choose DGRO if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose HDV 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.

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