BRK.B vs DGRO: Correlation
How closely do Berkshire Hathaway (BRK.B) and iShares Core Dividend Growth ETF (DGRO) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRK.B and DGRO?
On 3 years of weekly data the BRK.B/DGRO correlation comes out at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 107.2 %².
By 3-year correlation, DGRO places #9 of the 31 assets tracked against BRK.B. Their recent paths diverged sharply: over the last 12 months DGRO outperformed by 19.4 percentage points (+1.6% for BRK.B against +21.0% for DGRO). The rolling one-year correlation moved between 0.49 and 0.84 over the past three years, a moderate range.
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.
BRK.B vs DGRO: side by side
| BRK.B (Berkshire Hathaway) | DGRO (iShares Core Dividend Growth ETF) | |
|---|---|---|
| 1-year return | +1.6% | +21.0% |
| 5-year return | +76.3% | +67.9% |
| Volatility (ann.) | 15.9% | 11.4% |
| Beta vs S&P 500 | 0.43 | 0.65 |
| Max drawdown (3Y) | -14.9% | -14.0% |
| Market cap | $1,078.3B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 0.00% | 1.89% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $42.8B |
| Sector / category | Financials | 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 | BRK.B | DGRO |
|---|---|---|
| 2022 | +3.3% | -7.9% |
| 2023 | +15.5% | +10.5% |
| 2024 | +27.1% | +16.6% |
| 2025 | +10.9% | +15.7% |
| 2026 | +0.2% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRK.B and DGRO good diversifiers for each other?
Only partially. A correlation of 0.59 means BRK.B 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 BRK.B and DGRO?
As of 2026-08-27, the correlation of weekly returns between BRK.B and DGRO is 0.59 over 3 years, 0.50 over 1 year and 0.71 over 5 years.
Is DGRO a good diversifier for BRK.B?
Only partially. A correlation of 0.59 means BRK.B 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 0.59 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brk-b-vs-dgro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brk-b-vs-dgro/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRK.B correlations · DGRO correlations
