ETF Versus

DGRO vs EFA

iShares Core Dividend Growth ETF vs iShares MSCI EAFE 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
EFA iShares

iShares MSCI EAFE ETF (EFA) is an exchange-traded fund issued by iShares that provides exposure to equities in developed international markets outside the U.S.. It charges an above-average expense ratio of 0.32%. The fund offers an attractive dividend yield of 3.29%. Launched in 2001, the fund has a 25-year track record.

AUM: $69.1B ER: 0.32% Yield: 3.29% Since: Aug 14, 2001

Quick Verdict

DGRO is significantly cheaper at 0.08% vs 0.32% expense ratio, saving you approximately $472 per $10,000 invested over 10 years. Over the past year, EFA has significantly outperformed with a 20.5% return vs 13.9%. Income investors may prefer EFA for its higher yield (3.3% vs 2.1%).

Key Metrics

Metric DGRO EFA
Expense Ratio 0.08% 0.32%
Dividend Yield 2.1% 3.3%
Fund Family iShares iShares
Category US Dividend International Developed

Performance Chart

Indexed to 100 at start (5-year comparison)

70 87 104 121 138 155 2021-04 2022-06 2023-09 2024-12 2026-04
DGRO +42.9%
EFA +26.5%

Performance Comparison

Period DGRO EFA Difference
1 Month -4.90% -4.54% -0.36%
3 Months +0.57% +1.62% -1.05%
6 Months +2.36% +3.71% -1.35%
YTD +0.57% +1.62% -1.05%
1 Year +13.94% +20.48% -6.54%
3 Years +39.53% +36.79% +2.74%
5 Years +42.86% +26.46% +16.40%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period DGRO Fees EFA Fees You Save
$10.000 10 years $159 $631 $472
$10.000 20 years $686 $2.686 $2.000
$10.000 30 years $2.212 $8.571 $6.358
$50.000 10 years $797 $3.156 $2.359
$50.000 30 years $11.061 $42.854 $31.792
$100.000 30 years $22.123 $85.707 $63.584

Risk Metrics

Based on 5 years of daily returns

Metric DGRO EFA
Annualized Volatility 13.9% 16.6%
Max Drawdown -20.7% -32.4%
Sharpe Ratio 0.26 0.10

Dividend Comparison

Metric DGRO EFA
Annual Dividend (per share) $1.47 $3.25
Dividend Yield 2.10% 3.29%
Distribution Frequency Quarterly Semi-Annual or Annual

Top Holdings

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

DGRO Top Holdings

NameWeight
Exxon Mobil CorporationXOM3.43%
Johnson & JohnsonJNJ2.94%
JPMorgan Chase & Co.JPM2.93%
Apple Inc.AAPL2.87%
Microsoft CorporationMSFT2.71%
AbbVie Inc.ABBV2.67%
Broadcom Inc.AVGO2.49%
The Procter & Gamble CompanyPG2.14%
Philip Morris International Inc.PM2.05%
Merck & Co., Inc.MRK2.05%

EFA Top Holdings

NameWeight
ASML Holding N.V.!ams/ASML2.54%
AstraZeneca PLC!lon/AZN1.46%
Novartis AG!swx/NOVN1.41%
Roche Holding AG!swx/ROP1.36%
HSBC Holdings plc!lon/HSBA1.36%
Shell plc!lon/SHEL1.31%
Nestlé S.A.!swx/NESN1.22%
Toyota Motor Corporation!tyo/72031.00%
Commonwealth Bank of Australia!asx/CBA0.99%
Mitsubishi UFJ Financial Group, Inc.!tyo/83060.95%

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 EFA if...

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

Choose EFA if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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