ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.
See our curated list of related YouTube videos on DGRO and DIVB.
Basket (Growth-focused dividend equity holdings by BlackRock)
Morningstar US Dividend and Buyback Index
Objective
Seeks to track the investment results of the Morningstar U.S. Dividend Growth Index, which measures the performance of U.S. equities with a history of consistently growing dividends. Companies must have a payout ratio less than 75% and are excluded if in the top decile based on dividend yield.
Track the Morningstar US Dividend and Buyback Index, combining dividend yield with share repurchase activity.
Asset class
Equity
Equity
Inception date
06/10/2014
11/07/2017
Beta
0.68
0.82
Last dividend
$0.3310
$0.3320
Ex-dividend date
06/15/2026
06/15/2026
Bottom lineChoose DGRO if you want broad equity exposure. Choose DIVB if you want simple, diversified core exposure in one low-cost fund.
Most used
Income calculator
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
DGRO has lagged DIVB over the trailing twelve months, posting a 24.81% total return against 36.99%. The lead holds up over 5 years too: DIVB has compounded at 13.69% a year, against 11.42% for DGRO. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 5, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Nov 2017” measures every fund from November 9, 2017 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
DGRO (iShares Core Dividend Growth ETF) and DIVB (iShares Core Dividend ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
DIVB offers the higher yield at 1.99% vs 1.67% for DGRO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
DIVB is cheaper with an expense ratio of 0.05% compared to 0.08%.
They track different benchmarks: DGRO is linked to Basket (Growth-focused dividend equity holdings by BlackRock) while DIVB tracks Morningstar US Dividend and Buyback Index, which means their performance drivers differ.
DGRO is the larger fund by assets ($42.9B), which generally means tighter spreads and better liquidity.
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On a $10,000 investment, DGRO would generate roughly $13.92/month, while DIVB would produce $16.58/month, at current distribution rates. Both pay quarterly distributions.
DGRO yield1.67%
DIVB yield1.99%
Monthly diff on $10K$2.67
Cost & efficiency
Over 10 years on $10,000, DGRO would cost approximately $80 in fees vs $50 for DIVB (simplified, not compounded). The $30.00 difference may be offset by yield or performance.
DGRO ER0.08%
DIVB ER0.05%
Strategy & risk
DGRO tracks Basket (Growth-focused dividend equity holdings by BlackRock), while DIVB tracks Morningstar US Dividend and Buyback Index with a dividend approach. Beta is 0.68 for DGRO and 0.82 for DIVB, indicating DGRO is less volatile relative to the market.
DGRO beta0.68
DIVB beta0.82
Fund details
DGRO is managed by iShares (launched 06/10/2014) with $42.9B in assets. DIVB is managed by iShares (launched 11/07/2017) with $1.73B in assets.
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Frequently asked questions
What is the current distribution yield for DGRO and DIVB?
DGRO currently distributes 1.67% and DIVB 1.99%, based on fund data updated August 2026. Distribution yield moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is DGRO or DIVB better for dividend income?
It depends on your goals. DIVB currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between DGRO and DIVB?
DGRO (iShares Core Dividend Growth ETF) tracks Basket (Growth-focused dividend equity holdings by BlackRock), while DIVB (iShares Core Dividend ETF) tracks Morningstar US Dividend and Buyback Index with a dividend approach. They are issued by iShares and iShares respectively.
Can I hold both DGRO and DIVB?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, DGRO or DIVB?
DGRO has an expense ratio of 0.08% while DIVB charges 0.05%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in DGRO vs DIVB generate?
At current rates, $10,000 in DGRO would generate roughly $13.92 per month ($167.00 annually). The same in DIVB would produce about $16.58 per month ($199.00 annually).
Which has performed better historically, DGRO or DIVB?
DGRO has lagged DIVB over the trailing twelve months, posting a 24.81% total return against 36.99%. The lead holds up over 5 years too: DIVB has compounded at 13.69% a year, against 11.42% for DGRO. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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