ABM vs DGRO: Correlation
ABM Industries Incorporated (ABM) and iShares Core Dividend Growth ETF (DGRO) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABM and DGRO?
Across a 3-year window, the weekly returns of ABM and DGRO correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 188.8 %².
Few assets follow ABM as closely as DGRO, which ranks #2 of 12 tracked partners. The last year tells two different stories: DGRO led by 23.5 percentage points, -2.5% for ABM against +21.0% for DGRO. Risk is not evenly split, since ABM carries 2.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABM vs DGRO: side by side
| ABM (ABM Industries Incorporated) | DGRO (iShares Core Dividend Growth ETF) | |
|---|---|---|
| 1-year return | -2.5% | +21.0% |
| 5-year return | +6.5% | +67.9% |
| Volatility (ann.) | 28.9% | 11.4% |
| Beta vs S&P 500 | 0.79 | 0.65 |
| Max drawdown (3Y) | -34.4% | -14.0% |
| Market cap | $2.8B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 2.32% | 1.89% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $42.8B |
| Sector / category | US Listed | ETF · Dividend |
DGRO is a Large Value fund from iShares: $42.8B under management, 383 holdings, a 0.08% expense ratio, a 1.89% trailing dividend yield.
Year-by-year returns
| Year | ABM | DGRO |
|---|---|---|
| 2022 | +10.7% | -7.9% |
| 2023 | +3.0% | +10.5% |
| 2024 | +16.4% | +16.6% |
| 2025 | -15.5% | +15.7% |
| 2026 | +13.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABM and DGRO good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABM and DGRO?
The ABM/DGRO correlation stands at 0.57 on a 3-year window (1 year: 0.52, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is DGRO a good diversifier for ABM?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abm-vs-dgro.json
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[](https://www.pairbook.io/pair/abm-vs-dgro/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABM correlations · DGRO correlations
