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

In the year to Oct 28, 2026, with distributions reinvested, DGRO returned +18.8% and XLI +10.2%.

Which is cheaper, DGRO or XLI?

Neither: DGRO and XLI both charge 0.08% a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 92% of DGRO and 100% of XLI by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

DGRO vs XLI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, DGRO returned +18.8% to XLI's +10.2%; 10% 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 $30.8bn for State Street Industrial Select Sector SPDR ETF.

DGRO on its own →XLI on its own →

At a glance

+18.8%

DGRO total return, 1 year

+10.2%

XLI total return, 1 year

0.08%

DGRO expense ratio

0.08%

XLI expense ratio

Pair scorecard

Both cost 0.08% a year; their one-year returns differ by 8.6 points; DGRO is 1.4 times larger.

Points (pts) are percentage points.

DGRO vs XLI: Differences, Returns & Fees
Measure	DGRO	XLI
Return
Measure	DGRO	XLI
Total return, 1 year	+18.8%	+10.2%
Drawdown
Measure	DGRO	XLI
Below its high		9.4%, high on Aug 14, 2026
Benchmark
Measure	DGRO	XLI
What it tracks	Morningstar US Dividend Growth Index	Industrial Select Sector Index
Cost and size
Measure	DGRO	XLI
Expense ratio	0.08%	0.08%
Net assets, as of Oct 27, 2026	$44.6bn	$30.8bn
Holdings
Measure	DGRO	XLI
Holdings in common	10%
Top ten holdings, share of the fund	27.2%	37.8%

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

Risk and return

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

DGRO XLI

Return

Total return edge DGRO +321.3% +271.7%

Annualized edge DGRO (slight) +12.3% +11.2%

Price return edge DGRO (slight) +216.7% +199.2%

Risk

Volatility edge DGRO 15.3% 19.3%

Max drawdown edge DGRO −32.1% −39.3%

Risk-adjusted

Sharpe edge DGRO 0.70 0.54

Sortino edge DGRO 1.00 0.78

Calmar edge DGRO 0.38 0.28

Reading

DGRO returned more: +321.3% to +271.7%. DGRO swung less: 15.3% to 19.3%. DGRO fell less at its worst: −32.1% to −39.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: DGRO vs XLI: Differences, Returns & Fees
Measure	DGRO	XLI	Edge	How it is measured
Return
Total return	+321.3%	+271.7%	DGRO	Price change plus distributions, reinvested.
Annualized	+12.3%	+11.2%	DGRO (slight)	Total return as a yearly rate.
Price return	+216.7%	+199.2%	DGRO (slight)	Price change alone, distributions left out.
Risk
Volatility	15.3%	19.3%	DGRO	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.7%	13.4%	DGRO	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−32.1%	−39.3%	DGRO	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.70	0.54	DGRO	Return above Treasury bills per unit of volatility.
Sortino	1.00	0.78	DGRO	Return above Treasury bills per unit of downside deviation.
Calmar	0.38	0.28	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

10%

By the books each fund has filed, DGRO and XLI hold 10% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

10% in common

Positions both hold · largest shared weight first DGRO XLI

RTX 0.84% 4.91%

UNION PACIFIC 0.77% 3.34%

LOCKHEED MARTIN 0.70% 2.37%

AUTOMATIC DATA PROCESSING INC 0.63% 2.18%

CATERPILLAR INC 0.58% 6.14%

ILLINOIS TOOL INC 0.41% 1.34%

EATON PLC 0.35% 2.79%

GENERAL DYNAMICS CORP 0.34% 1.69%

DEERE 0.33% 3.01%

NORTHROP GRUMMAN CORP 0.33% 1.38%

WASTE MANAGEMENT INC 0.33% 1.64%

EMERSON ELECTRIC 0.30% 1.74%

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 XLI

GENERAL ELECTRIC 5.79%

GE VERNOVA INC 4.47%

UBER TECHNOLOGIES INC 2.52%

BOEING CO 2.49%

3M CO 1.66%

VERTIV HOLDINGS CO A 1.50%

UNITED PARCEL SERVICE CL B 1.49%

NORFOLK SOUTHERN CORP 1.43%

Check overlap with more funds →

Side by side

DGRO iShares Core Dividend Growth ETF XLI State Street Industrial Select Sector SPDR ETF

Where it sits Stock ETF Stock ETF

Issuer iShares State Street

What it is Tracks an index of Dividend Growth Tracks an index of Industrials

Total return, 1 year +18.8% +10.2%

Its benchmark over the same days not measured +13.6% (SPY)

Gap to its benchmark not measured −3.4 pts vs SPY

Expense ratio 0.08% 0.08%

Already in the S&P 500 91.8% 99.9%

Holdings 393 84

Net assets, as of Oct 27, 2026 $44.6bn $30.8bn

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

Client brief · page 1 of 2 Report BR-601A3C5DA1

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

What each follows. DGRO follows Morningstar US Dividend Growth Index and XLI follows Industrial Select Sector Index.
Holdings in common. 10% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 DGRO returned +18.8% and XLI +10.2% with distributions reinvested, a gap of 8.6 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%.

XLI

XLI tracks an index of Industrials. Over the year to Oct 28, 2026 it returned +10.2% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. 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 84 positions, with the top ten at 37.8%. It sat 9.4% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, DGRO or XLI?: In the year to Oct 28, 2026, with distributions reinvested, DGRO returned +18.8% and XLI +10.2%.
Which is cheaper, DGRO or XLI?: Neither: DGRO and XLI both charge 0.08% a year. Fees come from each fund's prospectus.
How much do DGRO and XLI overlap with the S&P 500?: By their latest filed holdings, 92% of DGRO and 100% of XLI by weight is stocks the S&P 500 already holds.

Other comparisons

DGRO vs XLC DGRO vs XLF DGRO vs XLP DGRO vs SCHH VTV vs XLI FDVV vs XLI VLUE vs XLI SPYD vs XLI

Where to next

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

Sources and dates

DGRO filings on SEC EDGAR ↗

DGRO prospectus with the expense ratio (SEC) ↗

iShares page for DGRO ↗

XLI filings on SEC EDGAR ↗

XLI prospectus with the expense ratio (SEC) ↗

State Street website ↗

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 XLI, data as of Oct 28, 2026. https://etfiq.com/compare/any/dgro-vs-xli

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