Key Differences
| Feature | SPY | DGRO |
|---|---|---|
| Expense Ratio | 0.09% | 0.08% |
| Dividend Yield | 1.2% | 2.0% |
| Holdings | 500+ | 400+ |
| Index Tracked | S&P 500 Index | Morningstar US Dividend Growth Index |
| Inception Date | 1993-01-22 | 2014-06-10 |
SPY vs DGRO: Which Is Better?
SPY and DGRO are both widely used by ETF investors, but they serve different portfolio roles depending on diversification goals, sector exposure, and long-term strategy.
SPY is designed for investors seeking broad U.S. large-cap exposure and tracks S&P 500 Index. It is commonly used in portfolios focused on us large cap allocations.
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.
Portfolio Overlap
Understanding how much SPY and DGRO overlap in their underlying holdings is key to evaluating whether combining them adds diversification or creates redundancy in your portfolio.
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