CSX vs DGRO: Correlation
CSX Corporation (CSX) and iShares Core Dividend Growth ETF (DGRO) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSX and DGRO?
Over the past 3 years, CSX and DGRO moved with a correlation of 0.63, which is strong. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 142.1 %².
Few assets follow CSX as closely as DGRO, which ranks #3 of 30 tracked partners. Correlation aside, the last 12 months split them widely, with CSX ahead by 39.6 points (+60.6% versus +21.0%). The rolling one-year correlation moved between 0.49 and 0.78 over the past three years, a moderate range. Risk is not evenly split, since CSX carries 1.7 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.
CSX vs DGRO: side by side
| CSX (CSX Corporation) | DGRO (iShares Core Dividend Growth ETF) | |
|---|---|---|
| 1-year return | +60.6% | +21.0% |
| 5-year return | +66.2% | +67.9% |
| Volatility (ann.) | 19.7% | 11.4% |
| Beta vs S&P 500 | 0.62 | 0.65 |
| Max drawdown (3Y) | -29.4% | -14.0% |
| Market cap | $95.5B | – |
| P/E (trailing) | 30.1 | – |
| Dividend yield | 1.04% | 1.89% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $42.8B |
| Sector / category | Industrials | 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 | CSX | DGRO |
|---|---|---|
| 2022 | -16.6% | -7.9% |
| 2023 | +13.5% | +10.5% |
| 2024 | -5.6% | +16.6% |
| 2025 | +14.1% | +15.7% |
| 2026 | +43.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that DGRO holds CSX at a 0.24% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are CSX and DGRO good diversifiers for each other?
To a limited degree. At 0.63 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 CSX and DGRO?
The CSX/DGRO correlation stands at 0.63 on a 3-year window (1 year: 0.54, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is DGRO a good diversifier for CSX?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 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/csx-vs-dgro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csx-vs-dgro/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CSX correlations · DGRO correlations
