CSCO vs DGRO: Correlation
Measured on weekly returns over the past three years, Cisco (CSCO) and iShares Core Dividend Growth ETF (DGRO) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSCO and DGRO?
Across a 3-year window, the weekly returns of CSCO and DGRO correlate at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.43 over 3 years. Stretching to 5 years gives 0.51, with an annualized covariance of 129.1 %².
Among the 30 assets we track against CSCO, DGRO ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CSCO ahead by 46.3 points (+67.3% versus +21.0%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.17 and 0.83 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: CSCO is 2.3 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.
CSCO vs DGRO: side by side
| CSCO (Cisco) | DGRO (iShares Core Dividend Growth ETF) | |
|---|---|---|
| 1-year return | +67.3% | +21.0% |
| 5-year return | +118.1% | +67.9% |
| Volatility (ann.) | 26.4% | 11.4% |
| Beta vs S&P 500 | 0.84 | 0.65 |
| Max drawdown (3Y) | -20.2% | -14.0% |
| Market cap | $442.0B | – |
| P/E (trailing) | 33.8 | – |
| Dividend yield | 1.48% | 1.89% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $42.8B |
| Sector / category | Information Technology | 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 | CSCO | DGRO |
|---|---|---|
| 2022 | -22.5% | -7.9% |
| 2023 | +9.3% | +10.5% |
| 2024 | +21.0% | +16.6% |
| 2025 | +33.5% | +15.7% |
| 2026 | +47.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
CSCO represents 1.27% of DGRO's portfolio, so part of any move in DGRO is CSCO itself, and the correlation between them is partly mechanical.
Are CSCO and DGRO good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CSCO and DGRO?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.20 over the last year and 0.51 over 5 years.
Is DGRO a good diversifier for CSCO?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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
$ curl https://www.pairbook.io/api/v1/pairs/csco-vs-dgro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csco-vs-dgro/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CSCO correlations · DGRO correlations
