DGRO tracks U.S. companies with a history of growing dividends. SCHG tracks a U.S. large-cap growth index. Dividend growth and growth-stock classification are different selection approaches, not promises about future returns.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
DGRO has outpaced SCHG over the trailing twelve months, posting a 13.61% total return against 13.54%. The picture flips over 10 years, though — SCHG has compounded at 18.77% a year, ahead of DGRO at 13.25%. DGRO has been the steadier holding, though — annualized volatility of 11.7% against 19.4% for SCHG. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Jun 2014” measures every fund from June 12, 2014 — the start of shared available history — 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.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
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.
Seeks to track the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, holding the components ranked 1-750 by full market capitalization that are classified as growth.
Bottom lineChoose DGRO if you want a dividend-growth screen and accept that payouts can be cut. Choose SCHG if you want large-cap growth exposure and accept style and concentration risk.
Dividend growth versus growth-stock classification
DGRO tracks U.S. companies with a history of growing dividends. SCHG tracks a U.S. large-cap growth index. Dividend growth and growth-stock classification are different selection approaches, not promises about future returns.
DGRO
SCHG
Approach
Morningstar US Dividend Growth Index
Dow Jones U.S. Large-Cap Growth Total Stock Market Index
Risk review
Dividend cuts, equity losses, and stock/sector concentration
Growth-style, valuation, and stock/sector concentration
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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Schwab is a major provider of low-cost, broad-based ETFs known for making investing accessible to individual investors through its discount brokerage platform. The issuer's fund lineup spans multiple categories including core index funds, dividend and income-focused strategies, factor-based approaches, international exposure, fixed income, and digital assets, with popular core holdings like SCHB (U.S. broad market) and SCHD (dividend appreciation) alongside more specialized thematic offerings. Schwab's ETF suite is characterized by its breadth across asset classes and investment styles, competitive expense ratios, and integration with its retail brokerage ecosystem.
See our curated list of related YouTube videos on SCHG.
DGRO (iShares Core Dividend Growth ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
DGRO offers the higher yield at 2.04% vs 0.41% for SCHG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SCHG is cheaper with an expense ratio of 0.04% compared to 0.08%.
They have different reference exposures: DGRO is linked to Morningstar US Dividend Growth Index while SCHG is linked to Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which means their performance drivers differ.
SCHG is the larger fund by assets ($64.3B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment, DGRO would generate roughly $51.00 cash per distribution, while SCHG would produce $10.25 cash per distribution, at current distribution rates. Both pay quarterly distributions.
DGRO yield2.04%
SCHG yield0.41%
Cash diff on $10K$40.75
Cost & efficiency
Over 10 years on $10,000, DGRO would cost approximately $80 in fees vs $40 for SCHG (simplified, not compounded). The $40.00 difference may be offset by yield or performance.
DGRO ER0.08%
SCHG ER0.04%
Strategy & risk
DGRO tracks U.S. companies with a history of growing dividends. SCHG tracks a U.S. large-cap growth index. Dividend growth and growth-stock classification are different selection approaches, not promises about future returns. Beta describes historical benchmark sensitivity, not guaranteed downside protection.
DGRO beta0.66
SCHG beta1.22
Fund details
DGRO is managed by iShares (launched 06/10/2014) with $42.5B in assets. SCHG is managed by Schwab (launched 12/11/2009) with $64.3B in assets.
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Frequently asked questions
Does DGRO's dividend history guarantee protection in a downturn?
No. A history of dividend growth does not guarantee future payments or smaller losses. SCHG's growth classification is also not a forecast of earnings or share-price gains. Compare current holdings, combined sector weights, and performance over matching periods instead of predicting the winner from beta.
How should I compare risk and ownership costs?
Use matching dates and definitions for returns, distributions, and fees. Beta describes historical benchmark sensitivity, not guaranteed downside protection. Check current bid-ask spreads and premiums or discounts; AUM alone does not determine the price available for your order.
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