BBUC vs DGRO: Correlation
Measured on weekly returns over the past three years, Brookfield Business Corporation Class A Subordinate Voting (BBUC) and iShares Core Dividend Growth ETF (DGRO) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBUC and DGRO?
Over the past 3 years, BBUC and DGRO moved with a correlation of 0.62, which is strong. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.62). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 296.0 %².
Few assets follow BBUC as closely as DGRO, which ranks #3 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with DGRO ahead by 40.3 points (-19.3% versus +21.0%). One caveat on sizing: BBUC is 3.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BBUC vs DGRO: side by side
| BBUC (Brookfield Business Corporation Class A Subordinate Voting) | DGRO (iShares Core Dividend Growth ETF) | |
|---|---|---|
| 1-year return | -19.3% | +21.0% |
| 5-year return | -20.8% | +67.9% |
| Volatility (ann.) | 41.8% | 11.4% |
| Beta vs S&P 500 | 1.45 | 0.65 |
| Max drawdown (3Y) | -29.3% | -14.0% |
| Market cap | $5.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.89% | 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 | BBUC | DGRO |
|---|---|---|
| 2022 | – | -7.9% |
| 2023 | +25.6% | +10.5% |
| 2024 | +5.4% | +16.6% |
| 2025 | +48.8% | +15.7% |
| 2026 | -21.9% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBUC and DGRO good diversifiers for each other?
Only partially. A correlation of 0.62 means BBUC and DGRO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BBUC and DGRO?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.39 over the last year and 0.57 over 5 years.
Is DGRO a good diversifier for BBUC?
Only partially. A correlation of 0.62 means BBUC and DGRO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 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/bbuc-vs-dgro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbuc-vs-dgro/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBUC correlations · DGRO correlations
