Data as of Oct 28, 2026.
DGRO vs SPMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, DGRO returned +18.8% to SPMO's +18.4%; 27% 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 $22.3bn for Invesco S&P 500 Momentum ETF.
Pair scorecard
DGRO costs 0.05 points a year less; their one-year returns differ by 0.4 points; DGRO is 2.0 times larger.
| Measure | DGRO | SPMO |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.8% | +18.4% |
| Drawdown | ||
| Below its high | 10.2%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | Morningstar US Dividend Growth Index | S&P 500 Momentum Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.13% |
| Net assets, as of Oct 27, 2026 | $44.6bn | $22.3bn |
| Holdings | ||
| Holdings in common | 27% | |
| Top ten holdings, share of the fund | 27.2% | 50.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 23, 2015 to Oct 23, 2026 · 574 weekly returnsSPMO returned more: +519.8% to +292.9%. DGRO swung less: 15.6% to 19.0%. SPMO fell less at its worst: −28.3% to −32.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DGRO | SPMO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +292.9% | +519.8% | SPMO | Price change plus distributions, reinvested. |
| Annualized | +13.2% | +18.0% | SPMO | Total return as a yearly rate. |
| Price return | +204.2% | +442.9% | SPMO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.6% | 19.0% | DGRO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.0% | 12.6% | DGRO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.1% | −28.3% | SPMO | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.73 | 0.84 | SPMO | Return above Treasury bills per unit of volatility. |
| Sortino | 1.03 | 1.27 | SPMO | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.41 | 0.63 | SPMO | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 574 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DGRO and SPMO hold 27% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
27% in common
Only in one fund ↓
Side by side
DGRO and SPMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DGRO and SPMO do different jobs. What does each one do in a portfolio?
- What each follows. DGRO follows Morningstar US Dividend Growth Index and SPMO follows S&P 500 Momentum Index.
- Holdings in common. 27% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Number of holdings. DGRO holds 393 positions and SPMO holds 101.
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%.
SPMO
SPMO tracks the S&P 500 Momentum. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 50.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, DGRO or SPMO?
- In the year to Oct 28, 2026, with distributions reinvested, DGRO returned +18.8% and SPMO +18.4%.
- Which is cheaper, DGRO or SPMO?
- DGRO is cheaper, by 0.05 percentage points a year. That is about $5 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 SPMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/dgro-vs-spmo
ETFIQ. (Oct 28, 2026). DGRO against SPMO. Retrieved from https://etfiq.com/compare/any/dgro-vs-spmo
[DGRO against SPMO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dgro-vs-spmo)
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