COO vs DGRO: Correlation
Measured on weekly returns over the past three years, Cooper Companies (The) (COO) and iShares Core Dividend Growth ETF (DGRO) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and DGRO?
Over the past 3 years, COO and DGRO moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 182.6 %².
Few assets follow COO as closely as DGRO, which ranks #2 of 38 tracked partners. The last year tells two different stories: DGRO led by 25.3 percentage points, -4.3% for COO against +21.0% for DGRO. On a rolling one-year basis the correlation drifted between 0.45 and 0.74, a moderate band. Risk is not evenly split, since COO carries 2.4 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.
COO vs DGRO: side by side
| COO (Cooper Companies (The)) | DGRO (iShares Core Dividend Growth ETF) | |
|---|---|---|
| 1-year return | -4.3% | +21.0% |
| 5-year return | -36.8% | +67.9% |
| Volatility (ann.) | 27.7% | 11.4% |
| Beta vs S&P 500 | 0.69 | 0.65 |
| Max drawdown (3Y) | -47.0% | -14.0% |
| Market cap | – | – |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 0.00% | 1.89% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $42.8B |
| Sector / category | Health Care | 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 | COO | DGRO |
|---|---|---|
| 2022 | -21.1% | -7.9% |
| 2023 | +14.5% | +10.5% |
| 2024 | -2.8% | +16.6% |
| 2025 | -10.8% | +15.7% |
| 2026 | -13.4% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and DGRO good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between COO and DGRO?
As of 2026-08-27, the correlation of weekly returns between COO and DGRO is 0.58 over 3 years, 0.53 over 1 year and 0.62 over 5 years.
Is DGRO a good diversifier for COO?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 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/coo-vs-dgro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/coo-vs-dgro/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COO correlations · DGRO correlations
