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

In the year to Oct 28, 2026, with distributions reinvested, DGRO returned +18.8% and VO +12.8%.

Which is cheaper, DGRO or VO?

VO 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.

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

By their latest filed holdings, 92% of DGRO and 91% of VO by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

DGRO vs VO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, DGRO returned +18.8% to VO's +12.8%; 16% of their weight is in the same names.

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Net assets: $44.6bn on Oct 27, 2026 for iShares Core Dividend Growth ETF, and $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF.

DGRO on its own →VO on its own →

At a glance

+18.8%

DGRO total return, 1 year

+12.8%

VO total return, 1 year

0.08%

DGRO expense ratio

0.03%

VO expense ratio

Pair scorecard

VO costs 0.05 points a year less; their one-year returns differ by 6.0 points; VO is 2.5 times larger.

DGRO vs VO: Differences, Returns & Fees
Measure	DGRO	VO
Return
Measure	DGRO	VO
Total return, 1 year	+18.8%	+12.8%
Drawdown
Measure	DGRO	VO
Below its high		3.1%, high on Aug 14, 2026
Benchmark
Measure	DGRO	VO
What it tracks	Morningstar US Dividend Growth Index	Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)
Cost and size
Measure	DGRO	VO
Expense ratio	0.08%	0.03%
Net assets, as of Sep 30, 2026	$41.9bn	$103.4bn
Holdings
Measure	DGRO	VO
Holdings in common	16%
Top ten holdings, share of the fund	27.2%	9.7%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Jun 20, 2014 to Oct 23, 2026 · 644 weekly returns

DGRO VO

Return

Total return edge DGRO +321.3% +230.8%

Annualized edge DGRO +12.3% +10.1%

Price return edge DGRO +216.7% +173.0%

Risk

Volatility edge DGRO 15.3% 18.0%

Max drawdown edge DGRO −32.1% −37.4%

Risk-adjusted

Sharpe edge DGRO 0.70 0.51

Sortino edge DGRO 1.00 0.73

Calmar edge DGRO 0.38 0.27

Reading

DGRO returned more: +321.3% to +230.8%. DGRO swung less: 15.3% to 18.0%. DGRO fell less at its worst: −32.1% to −37.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: DGRO vs VO: Differences, Returns & Fees
Measure	DGRO	VO	Edge	How it is measured
Return
Total return	+321.3%	+230.8%	DGRO	Price change plus distributions, reinvested.
Annualized	+12.3%	+10.1%	DGRO	Total return as a yearly rate.
Price return	+216.7%	+173.0%	DGRO	Price change alone, distributions left out.
Risk
Volatility	15.3%	18.0%	DGRO	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.7%	12.6%	DGRO	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−32.1%	−37.4%	DGRO	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.70	0.51	DGRO	Return above Treasury bills per unit of volatility.
Sortino	1.00	0.73	DGRO	Return above Treasury bills per unit of downside deviation.
Calmar	0.38	0.27	DGRO	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 644 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

16%

By the books each fund has filed, DGRO and VO hold 16% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

16% in common

Positions both hold · largest shared weight first DGRO VO

AMERICAN ELECTRIC POWER INC 0.48% 0.64%

PHILLIPS 66 0.47% 1.01%

SEMPRA 0.38% 0.50%

AIR PRODUCTS AND CHEMICALS 0.36% 0.61%

XCEL ENERGY INC 0.34% 0.43%

COLGATE-PALMOLIVE 0.39% 0.34%

CONSOLIDATED EDISON 0.31% 0.37%

FIFTH THIRD BANCORP 0.31% 0.45%

KEURIG DR PEPPER INC 0.29% 0.39%

PUBLIC SERVICE ENTERPRISE GROUP 0.29% 0.33%

WEC ENERGY GROUP 0.29% 0.32%

METLIFE 0.28% 0.50%

Only in one fund ↓

Only in DGRO

EXXONMOBIL HOLDINGS CORP 3.24%

MICROSOFT 3.14%

APPLE 3.11%

ABBVIE 3.00%

JOHNSON & JOHNSON 2.77%

JPMORGAN CHASE & CO 2.68%

BROADCOM INC 2.55%

PROCTER & GAMBLE 2.42%

Only in VO

Cloudflare Inc 1.11%

Valero Energy Corp 1.10%

Marathon Petroleum Corp 1.10%

Vertiv Holdings Co 0.92%

Datadog Inc 0.91%

Robinhood Markets Inc 0.88%

Lumentum Holdings Inc 0.86%

Constellation Energy Corp 0.84%

Check overlap with more funds →

Side by side

DGRO iShares Core Dividend Growth ETF VO Vanguard Morningstar Mid-Cap ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

What it is Tracks an index of Dividend Growth Tracks an index of Mid-Cap

Total return, 1 year +18.8% +12.8%

Expense ratio 0.08% 0.03%

Already in the S&P 500 91.8% 91.1%

Holdings 393 273

Net assets, DGRO as of Oct 27, 2026 and VO as of Sep 30, 2026 $44.6bn $103.4bn

DGRO and VO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-502C3ED934

DGRO and VO do different jobs. What does each one do in a portfolio?

What each follows. DGRO follows Morningstar US Dividend Growth Index and VO follows Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index).
Holdings in common. 16% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
One-year total return. Over 1 year to Oct 28, 2026 DGRO returned +18.8% and VO +12.8% with distributions reinvested, a gap of 6.0 points.

Data as of Oct 28, 2026.

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About each fund

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%.

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, DGRO or VO?: In the year to Oct 28, 2026, with distributions reinvested, DGRO returned +18.8% and VO +12.8%.
Which is cheaper, DGRO or VO?: VO 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.
How much do DGRO and VO overlap with the S&P 500?: By their latest filed holdings, 92% of DGRO and 91% of VO by weight is stocks the S&P 500 already holds.

Other comparisons

DGRO vs IJH DGRO vs MDY DGRO vs MOAT DGRO vs VXF VO vs VTV FDVV vs VO VLUE vs VO SPYD vs VO

Where to next

DGRO on its own →VO on its own →Hold both: look the portfolio through →Rankings →DGRO dividend history →DGRO holdings →VO dividend history →VO holdings →Standards and sources →

Sources and dates

DGRO filings on SEC EDGAR ↗

DGRO prospectus with the expense ratio (SEC) ↗

iShares page for DGRO ↗

VO filings on SEC EDGAR ↗

VO prospectus with the expense ratio (SEC) ↗

Vanguard page for VO ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, DGRO against VO, data as of Oct 28, 2026. https://etfiq.com/compare/any/dgro-vs-vo

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