Key Differences
| Feature | DGRO | SMH |
|---|---|---|
| Expense Ratio | 0.08% | 0.35% |
| Dividend Yield | 2.0% | 0.3% |
| Holdings | 400+ | 25 |
| Index Tracked | Morningstar US Dividend Growth Index | MVIS US Listed Semiconductor 25 Index |
| Inception Date | 2014-06-10 | 2011-12-20 |
DGRO vs SMH: Which Is Better?
DGRO and SMH are both widely used by ETF investors, but they serve different portfolio roles depending on diversification goals, sector exposure, and long-term strategy.
DGRO is designed for investors seeking US stocks with consistent dividend growth exposure and tracks Morningstar US Dividend Growth Index. It is commonly used in portfolios focused on us large cap blend allocations.
SMH is designed for investors seeking semiconductor industry exposure and tracks MVIS US Listed Semiconductor 25 Index. It is commonly used in portfolios focused on technology allocations.
Portfolio Overlap
Understanding how much DGRO and SMH overlap in their underlying holdings is key to evaluating whether combining them adds diversification or creates redundancy in your portfolio.
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