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DGRO vs PWV: Differences, Returns & Fees

DGRO and PWV hold 22% of their weight in the same names, and PWV returned +22.5% over the year. Net assets on Oct 9, 2026: $43.1bn for iShares Core Dividend Growth ETF and $1.8bn for Invesco Large Cap Value ETF.

DGRO costs 0.47 points a year less; their one-year returns differ by 6.7 points; DGRO is far larger, $43.1bn against $1.8bn.

DGRO vs PWV: Differences, Returns & Fees
DGROPWV
Expense ratio0.08%0.55%
Net assets$43.1bn$1.8bn
Total return, 1 year+15.8%+22.5%
What it tracksMorningstar US Dividend Growth IndexDynamic Large Cap Value Intellidex Index
Holdings in common22%
Holdings datedOct 9, 2026Oct 10, 2026
Top ten holdings, share of the fund27.4%33.8%
Below its high6.5%, high on Sep 3, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+15.8%
DGRO total return, 1 year
+22.5%
PWV total return, 1 year
0.08%
DGRO expense ratio
0.55%
PWV expense ratio

What they hold in common

By the books each fund has filed, DGRO and PWV hold 22% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

half

22% in common

Positions both hold, largest shared weight first
Holding DGRO PWV
EXXONMOBIL HOLDINGS CORP 3.15% 3.69%
JPMORGAN CHASE & CO 2.75% 3.29%
UNITEDHEALTH GROUP 1.81% 3.35%
PEPSICO 1.68% 3.11%
BANK OF AMERICA 1.43% 3.05%
WELLS FARGO 1.28% 3.46%
AMGEN INC 1.18% 3.29%
MORGAN STANLEY 1.09% 3.08%
GOLDMAN SACHS GROUP 1.03% 2.96%
CITIGROUP 0.96% 3.41%
CONOCOPHILLIPS 0.92% 1.53%
PNC FINANCIAL SERVICES GROUP 0.65% 1.35%
Only in DGRO
MICROSOFT 3.27%
APPLE 3.11%
ABBVIE 2.99%
BROADCOM INC 2.79%
JOHNSON & JOHNSON 2.79%
PROCTER & GAMBLE 2.38%
PHILIP MORRIS INTERNATIONAL 2.29%
HOME DEPOT 1.91%
Only in PWV
Chevron Corp 3.72%
Walt Disney Co/The 3.41%
AT&T Inc 3.06%
Verizon Communications Inc 2.96%
T-Mobile US Inc 2.87%
Valero Energy Corp 1.92%
Kinder Morgan Inc 1.58%
Occidental Petroleum Corp 1.55%

Check overlap with more funds →

On the same fields

DGRO
iShares Core Dividend Growth ETF
PWV
Invesco Large Cap Value ETF
Where it sits Stock ETF Stock ETF
Issuer iShares Invesco
What it is Tracks an index of Dividend Growth Tracks an index
Total return, 1 year +15.8% +22.5%
Expense ratio 0.08% 0.55%
Already in the S&P 500 91.8% 96.4%
Holdings 393 52
Net assets $43.1bn $1.8bn

DGRO and PWV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About DGRO

DGRO tracks an index of Dividend Growth. Over the year to Oct 9, 2026 it returned +15.8% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 9, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 393 positions, with the top ten at 27.4%.

About PWV

PWV tracks an index. Over the year to Oct 9, 2026 it returned +22.5% with distributions reinvested. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 10, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 33.8%. It sat 6.5% below its high of Sep 3, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, DGRO or PWV?
In the year to Oct 9, 2026, with distributions reinvested, DGRO returned +15.8% and PWV +22.5%.
Which is cheaper, DGRO or PWV?
DGRO is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DGRO and PWV overlap with the S&P 500?
By their latest filed holdings, 92% of DGRO and 96% of PWV by weight is stocks the S&P 500 already holds.
Other comparisons
DGRO vs DIVBDGRO vs DTDDGRO vs NULVDGRO vs SEIVIVE vs PWVPWV vs SPYVPWV vs VYMIWD vs PWV
DGRO on its own →PWV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DGRO filings on SEC EDGAR ↗DGRO prospectus with the expense ratio (SEC) ↗iShares page for DGRO ↗PWV filings on SEC EDGAR ↗PWV prospectus with the expense ratio (SEC) ↗Invesco page for PWV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, DGRO against PWV, data as of Oct 9, 2026. https://etfiq.com/compare/any/dgro-vs-pwv

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.