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

Vanguard High Dividend Yield Index Fund ETF SharesiShares Core Dividend Growth ETF

Data as of the close · refreshed automatically every trading day

Performance: VYM vs DGRO

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

VYMDGRO

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

DividendDuel.com
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Higher yieldVYM2.26% vs 1.84%
Better 1-year total returnDGRO+22.49% vs +18.85%
Better 5-year total returnVYM+70.42% vs +69.03%
Expense ratio—VYM n/a · DGRO n/a

VYM vs DGRO at a glance

This page compares Vanguard High Dividend Yield Index Fund ETF Shares (VYM) with iShares Core Dividend Growth ETF (DGRO) 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 +18.85% for VYM. VYM currently yields 2.26% (trailing 12-month) against 1.84% for DGRO. Across five years the total-return gap is +70.42% for VYM vs +69.03% for DGRO.

The higher-yielding fund (VYM) 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 VYM and DGRO
MetricVYMDGRO
Last close$162.72$81.32
Dividend yield2.26% (TTM)1.84% (TTM)
Expense ratio——
Paysquarterlyquarterly
Dividends, last 12 months$3.68 (4 payments)$1.49 (4 payments)
IssuerVanguardiShares
Inception——

Overview

Key fund stats as of the latest close.

ETFTTM yield1Y total returnLast closeLast dividendPaysIssuer
VYMVanguard High Dividend Yield Index Fund ETF Shares
2.26%
+18.85%$162.72$0.8869QuarterlyVanguard
DGROiShares Core Dividend Growth ETF
1.84%
Best+22.49%$81.32$0.385QuarterlyiShares

Total returns

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

ETF1M3M6M1Y2Y5Y
VYMVanguard High Dividend Yield Index Fund ETF Shares+2.50%-1.21%+5.90%+18.85%+29.23%+70.42%
DGROiShares Core Dividend Growth ETF+5.21%+2.84%+12.44%+22.49%+32.22%+69.03%

Dividends

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

ETFLatest payoutvs. priorTrailing 12MRecent payouts
VYMVanguard High Dividend Yield Index Fund ETF Shares$0.8869Sep 18, 2026-9.45%$3.67554 payoutsDec 18, 2023: $1.0995Mar 15, 2024: $0.6555Jun 21, 2024: $1.0237Sep 20, 2024: $0.8511Dec 20, 2024: $0.9642Mar 21, 2025: $0.85Jun 20, 2025: $0.8617Sep 19, 2025: $0.8417Dec 19, 2025: $0.9474Mar 20, 2026: $0.8617Jun 18, 2026: $0.9795Sep 18, 2026: $0.8869
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

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 -15.87% for VYM and -19.30% for DGRO. These figures use the same available dates for both instruments, exclude intraday moves, and are not forecasts.

VYM's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.8617 to $0.9795 per share across 4 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.

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.

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.

How the fund strategies differ

Strategy notes checked against issuer sources on ; market figures above update separately.

VYM: Vanguard High Dividend Yield Index Fund ETF Shares

Tracks the FTSE High Dividend Yield Index, providing exposure to U.S. companies with comparatively high forecast dividend yields.

A higher dividend yield does not protect against a decline in share price. Compare the portfolio's exposure and total return as well as its distributions.

Source: Vanguard VYM fact sheet. Read the current issuer documents for complete objectives, holdings and risks.

Recent distributions

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

VYMDGRO
Sep 18, 2026$0.8869Sep 15, 2026$0.385
Jun 18, 2026$0.9795Jun 15, 2026$0.3306
Mar 20, 2026$0.8617Mar 17, 2026$0.3311
Dec 19, 2025$0.9474Dec 16, 2025$0.447
Sep 19, 2025$0.8417Sep 16, 2025$0.369
Jun 20, 2025$0.8617Jun 16, 2025$0.3237
Mar 21, 2025$0.850Mar 18, 2025$0.3109
Dec 20, 2024$0.9642Dec 17, 2024$0.378
Sep 20, 2024$0.8511Sep 25, 2024$0.4031
Jun 21, 2024$1.02Jun 11, 2024$0.2932
Mar 15, 2024$0.6555Mar 21, 2024$0.3107
Dec 18, 2023$1.10Dec 20, 2023$0.3701

VYM vs DGRO: common questions

Which pays a higher dividend, VYM or DGRO?

As of November 9, 2026, VYM yields 2.26% (trailing 12-month) and DGRO yields 1.84% (trailing 12-month), so VYM currently pays the higher yield. A higher yield does not guarantee a higher total return.

Which has performed better, VYM or DGRO?

Over the past year with dividends reinvested, VYM returned +18.85% and DGRO returned +22.49%. Over five years, VYM returned +70.42% and DGRO returned +69.03%. Past performance does not predict future results.

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

With dividends reinvested, $10,000 invested one year before November 9, 2026 would have grown to about $11,885 in VYM and $12,249 in DGRO.

How often do VYM and DGRO pay dividends?

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

Is VYM or DGRO 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 VYM and DGRO 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 Vanguard High Dividend Yield Index Fund ETF Shares (VYM) payment history and iShares Core Dividend Growth ETF (DGRO) 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

More side-by-side comparisons with VYM and DGRO.

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.