DGRO vs SPYD: Dividend Yield, Total Return & Fees Compared

iShares Core Dividend Growth ETFState Street SPDR Portfolio S&P 500 High Dividend ETF

Data as of the close · refreshed automatically every trading day

Performance: DGRO vs SPYD

Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.

DGROSPYD

Total Return (%) · dividends reinvested · Nov 7, 2025 – Nov 9, 2026

DividendDuel.com
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Higher yieldSPYD4.12% vs 1.84%
Better 1-year total returnDGRO+22.49% vs +22.34%
Better 5-year total returnDGRO+69.03% vs +51.36%
Expense ratio—DGRO n/a · SPYD n/a

DGRO vs SPYD at a glance

This page compares iShares Core Dividend Growth ETF (DGRO) with State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) using prices and distributions through November 9, 2026. The numbers update automatically after each trading session.

With dividends reinvested, DGRO has led over the last 12 months at +22.49% versus +22.34% for SPYD. SPYD currently yields 4.12% (trailing 12-month) against 1.84% for DGRO. Across five years the total-return gap is +69.03% for DGRO vs +51.36% for SPYD.

The higher-yielding fund (SPYD) has trailed on 1-year total return. Yield only measures the income a fund pays; total return also counts the change in share price, so it is the fuller basis for comparing the two.

Key figures for DGRO and SPYD
MetricDGROSPYD
Last close$81.32$50.00
Dividend yield1.84% (TTM)4.12% (TTM)
Expense ratio——
Paysquarterlyquarterly
Dividends, last 12 months$1.49 (4 payments)$2.06 (4 payments)
IssueriSharesState Street
Inception——

Overview

Key fund stats as of the latest close.

ETFTTM yield1Y total returnLast closeLast dividendPaysIssuer
DGROiShares Core Dividend Growth ETF
1.84%
Best+22.49%$81.32$0.385QuarterlyiShares
SPYDState Street SPDR Portfolio S&P 500 High Dividend ETF
4.12%
+22.34%$50.00$0.5178QuarterlyState Street

Total returns

Price change plus dividends paid, by holding period. Best in each period is outlined.

ETF1M3M6M1Y2Y5Y
DGROiShares Core Dividend Growth ETF+5.21%+2.84%+12.44%+22.49%+32.22%+69.03%
SPYDState Street SPDR Portfolio S&P 500 High Dividend ETF+9.22%+1.30%+9.51%+22.34%+18.91%+51.36%

Dividends

Latest payout, trailing 12-month total and the last 12 distributions.

ETFLatest payoutvs. priorTrailing 12MRecent payouts
DGROiShares Core Dividend Growth ETF$0.385Sep 15, 2026+16.45%$1.49374 payoutsDec 20, 2023: $0.3701Mar 21, 2024: $0.3107Jun 11, 2024: $0.2932Sep 25, 2024: $0.4031Dec 17, 2024: $0.378Mar 18, 2025: $0.3109Jun 16, 2025: $0.3237Sep 16, 2025: $0.369Dec 16, 2025: $0.447Mar 17, 2026: $0.3311Jun 15, 2026: $0.3306Sep 15, 2026: $0.385
SPYDState Street SPDR Portfolio S&P 500 High Dividend ETF$0.5178Sep 21, 2026-4.62%$2.064 payoutsDec 15, 2023: $0.534Mar 15, 2024: $0.3729Jun 21, 2024: $0.4869Sep 20, 2024: $0.4571Dec 20, 2024: $0.5468Mar 24, 2025: $0.4189Jun 23, 2025: $0.50Sep 22, 2025: $0.4888Dec 22, 2025: $0.5493Mar 23, 2026: $0.45Jun 22, 2026: $0.5428Sep 21, 2026: $0.5178

Downside and distribution variability

Income and ending returns do not describe the whole investment experience.

Across 1,265 shared trading dates from October 26, 2021 to November 9, 2026, the largest observed peak-to-trough decline with dividends reinvested was -19.30% for DGRO and -22.20% for SPYD. These figures use the same available dates for both instruments, exclude intraday moves, and are not forecasts.

DGRO's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.3306 to $0.447 per share across 4 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.

SPYD's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.450 to $0.5493 per share across 4 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.

Fund expense ratios are annual operating costs, not a bill added to the historical returns shown here. Trading spreads, brokerage costs and personal taxes can reduce an investor's realized return.

Recent distributions

The latest 12 distributions per share, newest first. Dates are reported ex-dividend dates, not cash payment dates.

DGROSPYD
Sep 15, 2026$0.385Sep 21, 2026$0.5178
Jun 15, 2026$0.3306Jun 22, 2026$0.5428
Mar 17, 2026$0.3311Mar 23, 2026$0.450
Dec 16, 2025$0.447Dec 22, 2025$0.5493
Sep 16, 2025$0.369Sep 22, 2025$0.4888
Jun 16, 2025$0.3237Jun 23, 2025$0.500
Mar 18, 2025$0.3109Mar 24, 2025$0.4189
Dec 17, 2024$0.378Dec 20, 2024$0.5468
Sep 25, 2024$0.4031Sep 20, 2024$0.4571
Jun 11, 2024$0.2932Jun 21, 2024$0.4869
Mar 21, 2024$0.3107Mar 15, 2024$0.3729
Dec 20, 2023$0.3701Dec 15, 2023$0.534

DGRO vs SPYD: common questions

Which pays a higher dividend, DGRO or SPYD?

As of November 9, 2026, DGRO yields 1.84% (trailing 12-month) and SPYD yields 4.12% (trailing 12-month), so SPYD currently pays the higher yield. A higher yield does not guarantee a higher total return.

Which has performed better, DGRO or SPYD?

Over the past year with dividends reinvested, DGRO returned +22.49% and SPYD returned +22.34%. Over five years, DGRO returned +69.03% and SPYD returned +51.36%. Past performance does not predict future results.

What would $10,000 in DGRO vs SPYD be worth after one year?

With dividends reinvested, $10,000 invested one year before November 9, 2026 would have grown to about $12,249 in DGRO and $12,234 in SPYD.

How often do DGRO and SPYD pay dividends?

DGRO pays quarterly (4 payments in the last 12 months) and SPYD pays quarterly (4 payments).

Is DGRO or SPYD the better investment?

It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.

Research DGRO and SPYD beyond the yield

Compare payment history with total return and fees. Check whether a larger current yield comes with different drawdowns or less consistent distributions; a dividend-growth label does not promise future increases.

Review iShares Core Dividend Growth ETF (DGRO) payment history and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) payment history before choosing assumptions for the dividend reinvestment calculator. Run each scenario separately; the calculator uses your rates rather than importing these historical returns.

For a cash target, use the income goal calculator. Read our guide to comparing dividend ETFs and data and editorial approach for context on the historical figures.

Related comparisons

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Published by Delta Dividends LLC. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.