Data as of Oct 28, 2026.
DGRO vs DIVO: Differences, Returns & Fees
Over the year to Oct 28, 2026, DGRO returned +18.8% to DIVO's +12.7%, and DGRO charges 0.08% to DIVO's 0.56%.
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Net assets: $44.6bn on Oct 27, 2026 for iShares Core Dividend Growth ETF, and $8.1bn on Oct 28, 2026 for Amplify CWP Enhanced Dividend Income ETF.
Pair scorecard
DGRO costs 0.48 points a year less; their one-year returns differ by 6.1 points; DGRO is 5.6 times larger.
| Measure | DGRO | DIVO |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.8% | +12.7% |
| Price change, 1 year | rose 16.4% | rose 5.5% |
| Latest payout, annualized | 4.7% | |
| Return of capital, issuer estimate | 68% of the Sep 30, 2026 payment | |
| Against its benchmark | ||
| What it tracks | Morningstar US Dividend Growth Index | Benchmark: S&P 500, measured through SPY |
| Against its benchmark, same days | behind by 0.9 pts | |
| Cost and size | ||
| Expense ratio | 0.08% | 0.56% |
| Net assets, as of Oct 26, 2026 | $44.7bn | $8.0bn |
| Holdings | ||
| Holdings in common | 22% | |
| In the S&P 500, by weight | 92% | |
| Top ten holdings, share of the fund | 27.2% | |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Dec 23, 2016 to Oct 23, 2026 · 513 weekly returnsDGRO returned slightly more: +242.4% to +220.8%. DIVO swung less: 13.9% to 16.0%. DIVO fell less at its worst: −27.7% to −32.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DGRO | DIVO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +242.4% | +220.8% | DGRO (slight) | Price change plus distributions, reinvested. |
| Annualized | +13.3% | +12.5% | DGRO (slight) | Total return as a yearly rate. |
| Price return | +173.1% | +89.7% | DGRO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.0% | 13.9% | DIVO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.3% | 9.9% | DIVO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.1% | −27.7% | DIVO | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.70 | 0.74 | DIVO (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.00 | 1.04 | DIVO (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.41 | 0.45 | DIVO (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 513 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DGRO and DIVO hold 22% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
22% in common
Only in one fund ↓
Side by side
DGRO and DIVO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
DGRO and DIVO do different jobs. What does each one do in a portfolio?
- What each follows. DGRO follows Morningstar US Dividend Growth Index and DIVO is measured against S&P 500 through SPY.
- Holdings in common. 22% of the weight is in the same securities (holdings dated Oct 27, 2026 and Oct 28, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 DGRO returned +18.8% and DIVO +12.7% with distributions reinvested, a gap of 6.1 points.
Data as of Oct 28, 2026.
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DGRO
DGRO tracks an index of Dividend Growth. Over the year to Oct 28, 2026 it returned +18.8% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 393 positions, with the top ten at 27.2%.
DIVO
Over the year to Oct 28, 2026, DIVO paid 6.6% of its starting value in cash distributions while its price rose 5.5%. With every distribution reinvested, the fund returned +12.7%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 0.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 4.7%, paid monthly. Amplify estimates that 68% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are DGRO and DIVO in the same category?
- DGRO is a stock ETF and DIVO is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, DGRO or DIVO?
- In the year to Oct 28, 2026, with distributions reinvested, DGRO returned +18.8% and DIVO +12.7%.
- Which is cheaper, DGRO or DIVO?
- DGRO is cheaper, by 0.48 percentage points a year. That is about $48 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, DGRO against DIVO, data as of Oct 28, 2026. https://etfiq.com/compare/any/dgro-vs-divo
ETFIQ. (Oct 28, 2026). DGRO against DIVO. Retrieved from https://etfiq.com/compare/any/dgro-vs-divo
[DGRO against DIVO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dgro-vs-divo)
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