What is the expense ratio of DGRO vs DVY?

DGRO has an expense ratio of 0.08%, while DVY has an expense ratio of 0.38%.

DGRO vs DVY

iShares Core Dividend Growth ETF vs iShares Select Dividend ETF

Last updated: 2026-04-02

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 2.10%. Launched in 2014, the fund has a 12-year track record.

AUM: $36.8B ER: 0.08% Yield: 2.10% Since: Jun 10, 2014

DVY iShares

iShares Select Dividend ETF (DVY) 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 an above-average expense ratio of 0.38%. The fund offers an attractive dividend yield of 3.47%. Launched in 2003, the fund has a 23-year track record.

AUM: $22.0B ER: 0.38% Yield: 3.47% Since: Nov 3, 2003

Quick Verdict

DGRO is significantly cheaper at 0.08% vs 0.38% expense ratio, saving you approximately $588 per $10,000 invested over 10 years. DGRO has edged ahead over the past year (13.9% vs 12.6%). Income investors may prefer DVY for its higher yield (3.5% vs 2.1%).

Key Metrics

Metric	DGRO	DVY
Expense Ratio	0.08%	0.38%
Dividend Yield	2.1%	3.5%
Fund Family	iShares	iShares
Category	US Dividend	US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

DGRO +42.9%

DVY +30.7%

Performance Comparison

Period	DGRO	DVY	Difference
1 Month	-4.90%	-3.15%	-1.75%
3 Months	+0.57%	+5.89%	-5.32%
6 Months	+2.36%	+5.53%	-3.17%
YTD	+0.57%	+5.89%	-5.32%
1 Year	+13.94%	+12.56%	+1.38%
3 Years	+39.53%	+28.73%	+10.80%
5 Years	+42.86%	+30.67%	+12.19%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	DGRO Fees	DVY Fees	You Save
$10.000	10 years	$159	$748	$588
$10.000	20 years	$686	$3.173	$2.487
$10.000	30 years	$2.212	$10.097	$7.885
$50.000	10 years	$797	$3.739	$2.942
$50.000	30 years	$11.061	$50.486	$39.424
$100.000	30 years	$22.123	$100.972	$78.849

Risk Metrics

Based on 5 years of daily returns

Metric	DGRO	DVY
Annualized Volatility	13.9%	15.5%
Max Drawdown	-20.7%	-22.1%
Sharpe Ratio	0.26	0.13

Dividend Comparison

Metric	DGRO	DVY
Annual Dividend (per share)	$1.47	$5.24
Dividend Yield	2.10%	3.47%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

DGRO Top Holdings

Name	Weight
Exxon Mobil CorporationXOM	3.43%
Johnson & JohnsonJNJ	2.94%
JPMorgan Chase & Co.JPM	2.93%
Apple Inc.AAPL	2.87%
Microsoft CorporationMSFT	2.71%
AbbVie Inc.ABBV	2.67%
Broadcom Inc.AVGO	2.49%
The Procter & Gamble CompanyPG	2.14%
Philip Morris International Inc.PM	2.05%
Merck & Co., Inc.MRK	2.05%

DVY Top Holdings

Name	Weight
Pfizer Inc.PFE	2.33%
Altria Group, Inc.MO	2.17%
Verizon Communications Inc.VZ	2.01%
ONEOK, Inc.OKE	1.93%
Prudential Financial, Inc.PRU	1.81%
T. Rowe Price Group, Inc.TROW	1.75%
LyondellBasell Industries N.V.LYB	1.70%
General Mills, Inc.GIS	1.62%
Edison InternationalEIX	1.60%
Kimberly-Clark CorporationKMB	1.57%

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 DVY 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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