Which returned more over the last year, DGRO or RWL?

In the year to Oct 9, 2026, with distributions reinvested, DGRO returned +15.8% and RWL +21.1%.

Which is cheaper, DGRO or RWL?

DGRO is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do DGRO and RWL overlap with the S&P 500?

By their latest filed holdings, 92% of DGRO and 99% of RWL by weight is stocks the S&P 500 already holds.

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DGRO vs RWL: Differences, Returns & Fees

DGRO and RWL hold 41% of their weight in the same names, and RWL returned +21.1% over the year. Net assets on Oct 9, 2026: $43.1bn for iShares Core Dividend Growth ETF and $10.0bn for Invesco S&P 500 Revenue ETF.

DGRO costs 0.31 points a year less; their one-year returns differ by 5.3 points; DGRO is 4.3 times larger.

DGRO vs RWL: Differences, Returns & Fees
	DGRO	RWL
Expense ratio	0.08%	0.39%
Net assets	$43.1bn	$10.0bn
Total return, 1 year	+15.8%	+21.1%
What it tracks	Morningstar US Dividend Growth Index	S&P 500 Revenue-Weighted Index
Holdings in common	41%
Holdings dated	Oct 9, 2026	Oct 10, 2026
Top ten holdings, share of the fund	27.4%	24.0%

Holdings in common uses holdings dated Oct 9, 2026.

+15.8%

DGRO total return, 1 year

+21.1%

RWL total return, 1 year

0.08%

DGRO expense ratio

0.39%

RWL expense ratio

What they hold in common

By the books each fund has filed, DGRO and RWL hold 41% 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.

50%

half

41% in common

Positions both hold, largest shared weight first

Holding DGRO RWL

APPLE 3.11% 2.50%

EXXONMOBIL HOLDINGS CORP 3.15% 1.88%

MICROSOFT 3.27% 1.81%

UNITEDHEALTH GROUP 1.81% 2.18%

JPMORGAN CHASE & CO 2.75% 1.41%

WALMART 1.02% 3.89%

BANK OF AMERICA 1.43% 0.85%

CITIGROUP 0.96% 0.83%

HOME DEPOT 1.91% 0.80%

COSTCO WHOLESALE CORP 0.61% 1.55%

WELLS FARGO 1.28% 0.60%

GOLDMAN SACHS GROUP 1.03% 0.59%

Only in DGRO

CHENIERE ENERGY 0.10%

EAST WEST BANCORP 0.10%

ESSENTIAL UTILITIES INC 0.09%

FIDELITY NATIONAL FINANCIAL INC 0.09%

DT MIDSTREAM 0.08%

OGE ENERGY 0.08%

OVINTIV 0.08%

DICKS SPORTING 0.07%

Only in RWL

Amazon.com Inc 4.05%

Berkshire Hathaway Inc 1.97%

CVS Health Corp 1.88%

NVIDIA Corp 1.56%

Meta Platforms Inc 1.26%

Alphabet Inc 1.19%

Chevron Corp 1.05%

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On the same fields

DGRO

iShares Core Dividend Growth ETF

RWL

Invesco S&P 500 Revenue 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% +21.1%

Expense ratio 0.08% 0.39%

Already in the S&P 500 91.8% 99.4%

Holdings 393 505

Net assets $43.1bn $10.0bn

DGRO and RWL 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 RWL

RWL tracks an index. Over the year to Oct 9, 2026 it returned +21.1% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings published by its issuer for Oct 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 24.0%.

Questions people ask

Which returned more over the last year, DGRO or RWL?: In the year to Oct 9, 2026, with distributions reinvested, DGRO returned +15.8% and RWL +21.1%.
Which is cheaper, DGRO or RWL?: DGRO is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DGRO and RWL overlap with the S&P 500?: By their latest filed holdings, 92% of DGRO and 99% of RWL by weight is stocks the S&P 500 already holds.

Other comparisons

DGRO vs PRF DGRO vs FDL DGRO vs FTCS DGRO vs JAVA IWD vs RWL RWL vs VTV IWX vs RWL OAKM vs RWL

DGRO on its own →RWL 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 ↗RWL filings on SEC EDGAR ↗RWL prospectus with the expense ratio (SEC) ↗Invesco page for RWL ↗

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 RWL, data as of Oct 9, 2026. https://etfiq.com/compare/any/dgro-vs-rwl

Open data

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