DGRO

iShares Core Dividend Growth ETF

TREND FOLLOWING PERFORMANCE HISTORY

2026-08-18

Executive Summary

The quantitative backtest for DGRO (iShares Core Dividend Growth ETF) using the Excess Return MMA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -14.4% (compared to the benchmark's drawdown of -35.1%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 12.8%, compared to a Buy-and-Hold benchmark return of 13.7%. The strategy executed 23 total trades.

* Excess Return MMA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility.

📊 Strategy Model 4 Models Available

Compare quantitative moving average overlays for DGRO:

Excess Return MMA Active Model

Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.

Excess Return MMA CA

Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.

Excess Return SMA

Standard Signal: Classical quantitative trend following optimized for reliable directionality.

Moving Average (50/200)

Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.

🎯 Trading Horizon

Select risk profile & execution style for DGRO:

🛡️ Long-Term Investing Active Horizon

Ideal for wealth preservation and multi-year horizons. Optimized for low turnover and tax efficiency.

⚔️ Tactical Trading

Ideal for active capital rotation and momentum-first accounts. Optimized for high sensitivity to price shifts.

🛡️ DGRO Drawdown Shield & Downside Protection

Why Drawdown Dictates Longevity →

Peak Drawdown Defense

-14.4% (vs -35.1% B&H)

+20.7% shallower drawdown

Downside Efficiency

1.30 Sortino

+0.41 vs 0.89 B&H

Capital Sheltered from Risk

14.1% of Time

Earning Treasury yield during downturns

* Drawdown Shield demonstrates how systematic trend-following bounded historical drawdowns and protected principal capital compared to passive Buy & Hold.

📊 DGRO Quality Metrics & KPI Summary

Metric	1Y		5Y		10Y		Full
	Strategy	B&H	Strategy	B&H	Strategy	B&H	Strategy	B&H
Max Drawdown	-6.47%	-6.47%	-11.94%	-19.31%	-14.38%	-35.10%	-14.38%	-35.10%
Sharpe Ratio	2.16	2.22	0.94	0.78	1.05	0.77	1.05	0.78
Sortino Ratio	3.38	3.54	1.29	1.09	1.29	0.88	1.30	0.89
CAGR	22.21%	23.27%	9.67%	11.32%	12.72%	13.56%	12.83%	13.69%
% Time Invested	96.6%	100.0%	79.8%	100.0%	85.6%	100.0%	85.9%	100.0%
Trades / Year	0.0	0.0	1.8	0.0	2.0	0.0	2.3	0.0

Cumulative Growth Performance

Hydrating Performance Trajectory... Loading historical performance data

Figure 1: Cumulative Trajectory Analysis. Logarithmic growth comparison of DGRO under the Excess Return MMA strategy (Investing) versus Buy & Hold. The strategy produced a 12.8% CAGR with a -14.4% Max Drawdown across 23 trade signals (compared to Buy & Hold's 13.7% CAGR and -35.1% Max Drawdown).

Histogram of monthly return distribution for DGRO under Excess Return MMA strategy in Investing context, illustrating downside risk mitigation and return skewness. — **Figure 2: Monthly Return Distribution Profile.** Monthly return distribution for **DGRO** under **Excess Return MMA** (Investing). Visualizes return frequency, volatility clustering, and tail-risk truncation relative to standard buy-and-hold returns.

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Top Diversifiers for DGRO

Explore Correlation Across Horizons →

Top 5 non-correlated asset sleeves evaluated on 1Y daily percentage returns (Pearson r). Compare them side-by-side in Compare Studio to analyze portfolio diversification.

Diversifier Asset	Category	1Y Correlation (r)	Action
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Trade History

This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.

Entry Date	Exit Date	Type	Allocation	Entry Price	Exit Price	Net Return %	Exit Reason
🔒 Active Positions & Recent Execution Signals Hidden Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription. Subscribe to Unlock
2025-06-05	2025-09-24	Interest (CASH)	33.33%	$1.00	$1.01	1.28%	Interest Income
2025-05-01	2025-06-05	Completed	33.33%	$58.53	$61.02	4.19%	Signal
2025-04-08	2025-05-01	Interest (CASH)	33.33%	$1.00	$1.00	0.27%	Interest Income
2025-03-06	2025-05-01	Interest (CASH)	33.33%	$1.00	$1.01	0.66%	Interest Income
2023-11-24	2025-04-08	Completed	33.33%	$48.18	$56.08	16.35%	Stop
2024-01-16	2025-03-06	Completed	33.33%	$50.94	$60.60	18.90%	Signal
2023-10-26	2024-01-16	Interest (CASH)	33.33%	$1.00	$1.01	1.15%	Interest Income
2023-10-16	2023-11-24	Interest (CASH)	33.33%	$1.00	$1.01	0.60%	Interest Income
2023-07-12	2023-10-26	Completed	33.33%	$48.35	$45.33	-6.28%	Signal
2023-03-30	2023-10-16	Completed	33.33%	$45.95	$46.75	1.68%	Signal
2023-04-25	2023-07-12	Interest (CASH)	33.33%	$1.00	$1.01	1.10%	Interest Income
2023-01-03	2023-04-25	Completed	33.33%	$46.34	$47.21	1.81%	Signal
2022-12-22	2023-04-04	Interest (CASH)	33.33%	$1.00	$1.01	1.28%	Interest Income
2022-06-24	2023-03-30	Interest (CASH)	33.33%	$1.00	$1.03	2.90%	Interest Income
2022-04-08	2023-01-03	Interest (CASH)	33.33%	$1.00	$1.02	1.99%	Interest Income
2022-11-07	2022-12-22	Completed	33.33%	$44.64	$45.98	2.95%	Signal
2022-10-14	2022-11-07	Interest (CASH)	33.33%	$1.00	$1.00	0.26%	Interest Income
2022-07-11	2022-10-14	Completed	33.33%	$43.84	$42.26	-3.66%	Stop
2022-06-15	2022-07-11	Interest (CASH)	33.33%	$1.00	$1.00	0.11%	Interest Income
2022-06-14	2022-06-24	Completed	33.33%	$42.90	$43.31	0.90%	Signal
2020-04-01	2022-06-15	Completed	33.33%	$27.18	$42.85	57.54%	Stop
2022-05-20	2022-06-14	Interest (CASH)	33.33%	$1.00	$1.00	0.08%	Interest Income
2020-08-11	2022-05-20	Completed	33.33%	$35.60	$44.38	24.59%	Stop
2020-07-07	2022-04-08	Completed	33.33%	$33.08	$48.30	45.97%	Signal
2020-05-28	2020-08-11	Interest (CASH)	33.33%	$1.00	$1.00	0.03%	Interest Income
2020-06-12	2020-07-07	Interest (CASH)	33.33%	$1.00	$1.00	0.01%	Interest Income
2020-06-09	2020-06-12	Completed	33.33%	$34.94	$33.00	-5.62%	Stop
2020-04-01	2020-06-09	Interest (CASH)	33.33%	$1.00	$1.00	0.03%	Interest Income
2020-03-24	2020-05-28	Completed	33.33%	$25.54	$33.03	29.26%	Signal
2020-03-24	2020-04-01	Completed	33.33%	$25.54	$27.18	6.38%	Signal
2020-03-10	2020-04-01	Interest (CASH)	33.33%	$1.00	$1.00	0.01%	Interest Income
2020-03-02	2020-03-24	Interest (CASH)	33.33%	$1.00	$1.00	0.02%	Interest Income
2020-03-02	2020-03-24	Interest (CASH)	33.33%	$1.00	$1.00	0.02%	Interest Income
2019-01-18	2020-03-10	Completed	33.33%	$29.11	$31.21	7.15%	Stop
2019-05-22	2020-03-02	Completed	33.33%	$31.45	$32.49	3.24%	Stop
2019-02-07	2020-03-02	Completed	33.33%	$29.78	$32.49	9.06%	Stop
2019-03-22	2019-05-22	Interest (CASH)	33.33%	$1.00	$1.00	0.40%	Interest Income
2019-01-16	2019-03-22	Completed	33.33%	$28.66	$30.91	7.78%	Signal
2018-12-20	2019-02-07	Interest (CASH)	33.33%	$1.00	$1.00	0.30%	Interest Income
2018-12-26	2019-01-18	Interest (CASH)	33.33%	$1.00	$1.00	0.15%	Interest Income
2018-12-21	2019-01-16	Interest (CASH)	33.33%	$1.00	$1.00	0.15%	Interest Income
2016-06-07	2018-12-26	Completed	33.33%	$21.63	$26.27	21.42%	Stop
2016-06-07	2018-12-21	Completed	33.33%	$21.63	$27.35	26.42%	Stop
2018-07-25	2018-12-20	Completed	33.33%	$29.39	$27.46	-6.61%	Signal
2018-05-03	2018-07-25	Interest (CASH)	33.33%	$1.00	$1.00	0.44%	Interest Income
2016-06-07	2018-05-03	Completed	33.33%	$21.63	$27.56	27.39%	Signal
2016-06-03	2016-06-07	Interest (CASH)	33.33%	$1.00	$1.00	0.00%	Interest Income
2016-06-03	2016-06-07	Interest (CASH)	33.33%	$1.00	$1.00	0.00%	Interest Income
2016-06-03	2016-06-07	Interest (CASH)	33.33%	$1.00	$1.00	0.00%	Interest Income