ABTS vs DGRO: Correlation
Abits Group Inc (ABTS) and iShares Core Dividend Growth ETF (DGRO) show a negative relationship: their 3-year correlation of weekly returns is -0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and DGRO?
Across a 3-year window, the weekly returns of ABTS and DGRO correlate at -0.13, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.12) runs above the 3-year figure (-0.13). Stretching to 5 years gives -0.06, with an annualized covariance of -1040.8 %².
By 3-year correlation, DGRO places #12 of the 48 assets tracked against ABTS. Their recent paths diverged sharply: over the last 12 months DGRO outperformed by 85.4 percentage points (-64.4% for ABTS against +21.0% for DGRO). Risk is not evenly split, since ABTS carries 60.5 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.
ABTS vs DGRO: side by side
| ABTS (Abits Group Inc) | DGRO (iShares Core Dividend Growth ETF) | |
|---|---|---|
| 1-year return | -64.4% | +21.0% |
| 5-year return | -81.7% | +67.9% |
| Volatility (ann.) | 689.2% | 11.4% |
| Beta vs S&P 500 | -4.02 | 0.65 |
| Max drawdown (3Y) | -92.1% | -14.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | ABTS | DGRO |
|---|---|---|
| 2022 | -84.2% | -7.9% |
| 2023 | +152.8% | +10.5% |
| 2024 | -39.6% | +16.6% |
| 2025 | +647.5% | +15.7% |
| 2026 | -73.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and DGRO good diversifiers for each other?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABTS and DGRO?
The ABTS/DGRO correlation stands at -0.13 on a 3-year window (1 year: 0.12, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is DGRO a good diversifier for ABTS?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
What does a correlation of -0.13 mean?
On the −1 to +1 scale, -0.13 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: ABTS correlations · DGRO correlations
