DGRO vs VIG: Fees, Returns & Holdings Compared

	Expense ratio	Net assets	Yield (TTM)	Overlap	1 yr	5 yr*
DGRO	0.08%	$42.77B	1.83%	70%	+21.8%	+11.2%
VIG	0.04%	$130.90B	1.47%		+15.6%	+10.6%

At a glance

70% of DGRO’s and VIG’s holdings overlap by weight, with 247 securities in common out of 390 and 333. DGRO is an ordinary open-end ETF and VIG a share class of Vanguard Dividend Appreciation Index Fund, which also sells mutual fund shares. VIG costs less: 0.04% a year against 0.08% for DGRO, or $40 against $80 on every $100,000. DGRO has $42.77B in assets and VIG $130.90B (all share classes); over the past 12 months DGRO paid out 1.83% of its price and VIG 1.47%, both quarterly. Over the past year DGRO returned +21.8% and VIG +15.6% with distributions reinvested; over five years, +11.2% and +10.6% a year. In the 2022 bear market DGRO fell 19.3% at its worst and VIG 20.4%; DGRO was back at its earlier high 15 months after the low, VIG 14 months.

Key differences

	DGRO	VIG
Fund	iShares Core Dividend Growth ETF	Vanguard Dividend Appreciation ETF
Issuer	iShares	Vanguard
Structure	Open-end ETF	ETF share class
Type	Dividend growth	Dividend growth
Launched	Jun 10, 2014	Apr 21, 2006
Expense ratio	0.08%	0.04%
Cost a year on $100,000	$80	$40
Net assets	$42.77B	$130.90B *
Holdings	390	333
Ten largest positions	27.2%	33.4%
Yield (12 months)	1.83%	1.47%
Pays	quarterly	quarterly
Portfolio turnover	25% a year	8% a year
Price data from	Jun 12, 2014	Jun 2, 2020

* VIG’s net assets are those of Vanguard Dividend Appreciation Index Fund, all share classes.

Holdings and overlap

Overlap by weight70%the share of each fund in holdings both own

Securities in common247DGRO 390 · VIG 333 in all

Ten largest positions27.2% / 33.4%of assets, DGRO / VIG

Overlap adds up, for every security both funds own, the smaller of its two weights: 100% would mean identical portfolios.

Largest holdings

Holding	DGRO	VIG
BROADCOM INC	2.55%	4.63%
APPLE INC	2.86%	4.45%
MICROSOFT CORP	3.24%	4.34%
JP MORGAN CHASE & COMPANY	3.16%	4.07%
Eli Lilly & Co	1.19%	3.93%
JOHNSON & JOHNSON	3.07%	2.67%
ABBVIE INC	2.96%	1.92%
EXXONMOBIL HOLDINGS CORP	2.87%	2.78%
Visa Inc	1.10%	2.45%
PROCTER & GAMBLE COMPANY (THE)	2.17%	1.45%
HOME DEPOT INC (THE)	2.14%	1.43%
PHILIP MORRIS INTERNATIONAL INC	2.13%	—

The biggest differences in weight: Eli Lilly & Co (1.2% in DGRO, 3.9% in VIG); PHILIP MORRIS INTERNATIONAL INC (2.1% in DGRO, 0.0% in VIG); BROADCOM INC (2.6% in DGRO, 4.6% in VIG).

By sector

Sector	DGRO	VIG	Difference
Technology	14.6%	24.4%	VIG +9.8
Financials	18.1%	18.9%	VIG +0.8
Health care	16.0%	16.0%	—
Consumer staples	11.6%	9.3%	DGRO +2.3
Industrials	8.5%	7.6%	DGRO +0.9
Consumer discretionary	5.9%	4.5%	DGRO +1.4
Utilities	5.4%	2.3%	DGRO +3.1
Energy	2.3%	0.5%	DGRO +1.8
Materials	0.8%	1.1%	VIG +0.3
Communication services	0.0%	0.0%	—

Sectors of the companies each fund holds that have a stock page here (83.9% of DGRO, 85.4% of VIG). Source: N-PORT holdings reports as of Jul 31, 2026 for both funds.

Returns

DGRO VIG · $10,000 in each on Jun 30, 2020, distributions reinvested.

$10,000 put into DGRO on Jun 30, 2020 was worth $24,845 on Oct 30, 2026, and in VIG $23,679 (+15.5% and +14.6% a year). That is as far back as the price data for both goes.

	1 yr	3 yr	5 yr	10 yr
DGRO price data to Nov 2, 2026	+21.8%	+20.6%	+11.2%	+14.3%
DGRO official prospectus, to Dec 31, 2025	+15.74%	—	+11.69%	+13.10%
VIG price data to Oct 30, 2026	+15.6%	+19.8%	+10.6%	—
VIG official prospectus, to Dec 31, 2025	+14.18%	—	+11.27%	+13.09%

Multi-year figures are annualized total returns with distributions reinvested. "Official" rows are the SEC-standard returns from each fund's prospectus, to the end of the last calendar year; they reach back further where the price data starts late. VIG: Price data starts 2020-06-02, after the fund's launch on 2006-04-21; figures "since start" cover the available history only.

Calendar years

Year	DGRO	VIG	Difference
2026	+18.7% *	+14.1% *	DGRO +4.6
2025	+15.7%	+14.2%	DGRO +1.5
2024	+16.6%	+17.0%	VIG +0.4
2023	+10.5%	+14.5%	VIG +4.0
2022	-7.9%	-9.8%	DGRO +1.9
2021	+26.6%	+23.8%	DGRO +2.9
2020	+9.5%	+15.46% †
2019	+29.9%	+29.71% †
2018	-2.4%	-2.02% †
2017	+23.0%	—

Total returns from price data; † from the fund’s prospectus where the price data starts later; * year to Oct 30, 2026.

Downturns and recovery

	DGRO	VIG
2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009	Before it launched	Not in the price data (starts Jun 2, 2020)
2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020	−34.8% at the worst; back at its high 8 months after the low	Not in the price data (starts Jun 2, 2020)
2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022	−19.3% at the worst; back at its high 15 months after the low	−20.4% at the worst; back at its high 14 months after the low
Worst fall in the price data	−35.1% (Feb 12, 2020 – Mar 23, 2020)	−20.4% (Jan 4, 2022 – Sep 30, 2022)

The deepest drop from a high to a low during each stretch when stocks fell, and how long the fund took to get back to its earlier high, with distributions reinvested. The price data starts Jun 12, 2014 for DGRO and Jun 2, 2020 for VIG.

Income

DGRO yield (12 months)1.83%paid quarterly

VIG yield (12 months)1.47%paid quarterly

Year	DGRO	VIG
2025	$236	$181
2024	$256	$199
2023	$264	$211
2022	$209	$173
2021	$239	$188

Distributions paid during each calendar year on $10,000 of shares bought at the previous year-end close, adjusted for share splits. Before taxes.

Costs

VIG charges 0.04% a year and DGRO 0.08%: on $100,000 that is $40 a year less with VIG ($200 on $500,000). The fee comes out of each fund's assets, so it is already in the returns above.

Cost of $10,000 (SEC example)	1 yr	3 yrs	5 yrs	10 yrs
DGRO	$8	$26	$45	$103
VIG	$4	$13	$23	$51

From each fund's prospectus: the total costs on $10,000 invested, at a 5% yearly return, with the shares sold at the end of each period.

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