Data as of Oct 28, 2026.
DGRO vs GARP: Differences, Returns & Fees
Over the year to Oct 28, 2026, DGRO returned +18.8% to GARP's +18.0%; 14% of their weight is in the same names.
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Net assets on Oct 27, 2026: $44.6bn for iShares Core Dividend Growth ETF and $3.6bn for iShares MSCI USA Quality GARP ETF.
Pair scorecard
DGRO costs 0.07 points a year less; their one-year returns differ by 0.8 points; DGRO is 12.4 times larger.
| Measure | DGRO | GARP |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.8% | +18.0% |
| Drawdown | ||
| Below its high | 7.0%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Morningstar US Dividend Growth Index | MSCI USA Quality GARP Select Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.15% |
| Net assets, as of Oct 27, 2026 | $44.6bn | $3.6bn |
| Holdings | ||
| Holdings in common | 14% | |
| Top ten holdings, share of the fund | 27.2% | 43.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jan 24, 2020 to Oct 23, 2026 · 352 weekly returnsGARP returned more: +232.4% to +119.6%. DGRO swung less: 17.5% to 22.3%. GARP fell slightly less at its worst: −30.1% to −32.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DGRO | GARP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +119.6% | +232.4% | GARP | Price change plus distributions, reinvested. |
| Annualized | +12.3% | +19.4% | GARP | Total return as a yearly rate. |
| Price return | +87.6% | +215.4% | GARP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.5% | 22.3% | DGRO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.3% | 14.9% | DGRO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.1% | −30.1% | GARP (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.58 | 0.78 | GARP | Return above Treasury bills per unit of volatility. |
| Sortino | 0.83 | 1.16 | GARP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.38 | 0.65 | GARP | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 352 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DGRO and GARP hold 14% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
14% in common
Only in one fund ↓
Side by side
DGRO and GARP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DGRO and GARP do different jobs. What does each one do in a portfolio?
- What each follows. DGRO follows Morningstar US Dividend Growth Index and GARP follows MSCI USA Quality GARP Select Index.
- Holdings in common. 14% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Number of holdings. DGRO holds 393 positions and GARP holds 131.
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%.
GARP
GARP tracks the MSCI USA Quality GARP. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested, against +13.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 43.5%. It sat 7.0% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, DGRO or GARP?
- In the year to Oct 28, 2026, with distributions reinvested, DGRO returned +18.8% and GARP +18.0%.
- Which is cheaper, DGRO or GARP?
- DGRO is cheaper, by 0.07 percentage points a year. That is about $7 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 GARP, data as of Oct 28, 2026. https://etfiq.com/compare/any/dgro-vs-garp
ETFIQ. (Oct 28, 2026). DGRO against GARP. Retrieved from https://etfiq.com/compare/any/dgro-vs-garp
[DGRO against GARP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dgro-vs-garp)
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