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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 DVY.
Basket (Growth-focused dividend equity holdings by BlackRock)
Dow Jones U.S. Select Dividend 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.
Dividend Income
Asset class
Equity
Equity
Inception date
06/10/2014
11/03/2003
Beta
0.68
0.57
Last dividend
$0.3310
$1.2470
Ex-dividend date
06/15/2026
06/15/2026
Bottom lineChoose DGRO if you want broad equity exposure. Choose DVY if you want higher current income (3.13% vs 1.73% for DGRO).
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
DGRO has lagged DVY over the trailing twelve months, posting a 20.47% total return against 21.43%. The picture flips over 10 years, though — DGRO has compounded at 13.20% a year, ahead of DVY at 10.10%. 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 July 14, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jun 2014” measures every fund from June 12, 2014 — 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 DVY (iShares Select Dividend ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
DVY offers the higher yield at 3.13% vs 1.73% for DGRO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
DGRO is cheaper with an expense ratio of 0.08% compared to 0.38%.
They track different benchmarks: DGRO is linked to Basket (Growth-focused dividend equity holdings by BlackRock) while DVY tracks Dow Jones U.S. Select Dividend Index, which means their performance drivers differ.
DGRO is the larger fund by assets ($40.6B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose DGRO
iShares Core Dividend Growth ETF
Want broad equity exposure.
Want to keep costs low — a 0.08% expense ratio vs 0.38% for DVY.
Choose DVY
iShares Select Dividend ETF
Want higher current income — DVY yields 3.13% vs 1.73% for DGRO.
Want a quality-dividend tilt — screened payers rather than the broad index.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, DGRO would generate roughly $14.42/month, while DVY would produce $26.08/month, at current distribution rates. Both pay quarterly distributions.
DGRO yield1.73%
DVY yield3.13%
Monthly diff on $10K$11.67
Cost & efficiency
Over 10 years on $10,000, DGRO would cost approximately $80 in fees vs $380 for DVY (simplified, not compounded). The $300.00 difference may be offset by yield or performance.
DGRO ER0.08%
DVY ER0.38%
Strategy & risk
DGRO tracks Basket (Growth-focused dividend equity holdings by BlackRock), while DVY tracks Dow Jones U.S. Select Dividend Index with a dividend income approach. Beta is 0.68 for DGRO and 0.57 for DVY, indicating DVY is less volatile relative to the market.
DGRO beta0.68
DVY beta0.57
Fund details
DGRO is managed by iShares (launched 06/10/2014) with $40.6B in assets. DVY is managed by iShares (launched 11/03/2003) with $23.1B in assets.
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Frequently asked questions
Is DGRO or DVY better for dividend income?
It depends on your goals. DVY 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 DVY?
DGRO (iShares Core Dividend Growth ETF) tracks Basket (Growth-focused dividend equity holdings by BlackRock), while DVY (iShares Select Dividend ETF) tracks Dow Jones U.S. Select Dividend Index with a dividend income approach. They are issued by iShares and iShares respectively.
Can I hold both DGRO and DVY?
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 DVY?
DGRO has an expense ratio of 0.08% while DVY charges 0.38%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in DGRO vs DVY generate?
At current rates, $10,000 in DGRO would generate roughly $14.42 per month ($173.00 annually). The same in DVY would produce about $26.08 per month ($313.00 annually).
Which has performed better historically, DGRO or DVY?
DGRO has lagged DVY over the trailing twelve months, posting a 20.47% total return against 21.43%. The picture flips over 10 years, though — DGRO has compounded at 13.20% a year, ahead of DVY at 10.10%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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