What if you invested monthly in a Dividend-growth ETF (DGRO) for 10 years?
This calculates the result of investing a fixed amount monthly into DGRO, a dividend-growth ETF focused on US firms that steadily raise dividends, over 10 years using actual price data. It shows dividend reinvestment and volatility cushioning alongside maximum drawdown and recovery time.
Investment conditions
Asset · DGRO (US Dividend-growth ETF)
Method · Recurring monthly investment
Period · 2016-07-01 ~ 2026-07-01
Amount · $222 / month
As of · 2026-07-01
Key metrics
These results do not reflect taxes. Based on historical data.
Risk & recovery
As important as returns. This service does not hide maximum drawdown or loss periods.
Maximum drawdown (MDD)
-33.9%
Largest drop from peak
Longest loss period
2months
Months in loss: 3
Recovery period
3months
Growth over time
Invested principal (dashed) and portfolio value (solid). Values below match the calculation.
Total invested $26,889 → Final value $53,788 (+100.0%), Maximum drawdown (MDD) -33.9%
Why this period and asset
DGRO holds US companies that steadily grow their dividends. Listed in 2014, it became known among investors seeking both dividend growth and quality. This 10-year window (2016-2026) includes the late-2018 selloff, the 2020 COVID crash, and the 2022 rate-hike correction. Like VIG and NOBL it focuses on dividend growth, but its inclusion rules and sector mix differ slightly, so performance and drawdowns diverge a bit even over the same window.
Interpreting the result
A dividend-growth ETF weighs the quality of companies growing their dividends over the size of the current payout. Monthly investing accumulates more shares in declines, and reinvested dividends build compounding. Still, being a dividend grower does not remove drawdowns. Even within these 10 years, the COVID crash and the 2022 correction deepened the maximum drawdown, with stretches below cost and waits to recover. Review the drawdown, time underwater, and recovery period together with the return in the results.
Caveats & limits
Dividends are subject to dividend tax (e.g., 15% US withholding) and local taxes, and taxes are not reflected in this calculation. Expense ratios, trading fees, and USD/KRW exchange-rate moves also change the outcome. Past performance does not guarantee future results, and this page does not recommend buying any specific security.
Data sources & limits
- Price data source: Yahoo Finance / FinanceDataReader
- Collected on: 2026-07-23
- Effective trading date: 2026-07-01
- Price basis: Adjusted close (reflects dividends and stock splits)
- Trading fees and taxes are not reflected — figures are pre-tax.
- Based on historical data; does not guarantee future returns.
Frequently asked questions
Does this result include dividends?
It treats returns on a total-return basis with dividends reinvested. Since dividend tax is withheld when received, after-tax proceeds may be lower than the figure shown.
How is dividend tax handled?
Taxes are not reflected. US dividends are typically withheld at 15% and may be taxed locally, so after-tax results are lower.
How does it differ from dividend-growth ETFs like VIG or NOBL?
Inclusion rules and sector mixes differ slightly, so performance and drawdowns diverge a bit even over the same window. Use the compare feature to place the same window side by side, including maximum drawdown.
Related scenarios
📋 Results are based on historical data; past returns do not guarantee future returns.
📋 This service is provided for educational purposes to help you understand investing, not as investment advice.