CTVA vs DGRO: Correlation
Measured on weekly returns over the past three years, Corteva (CTVA) and iShares Core Dividend Growth ETF (DGRO) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and DGRO?
Over the past 3 years, CTVA and DGRO moved with a correlation of 0.41, which is moderate. The link has loosened recently: the 1-year correlation (0.08) runs below the 3-year figure (0.41). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 126.3 %².
Within CTVA's tracked universe of 34 assets, DGRO comes in at #14 by 3-year correlation. Over the last 12 months DGRO came out ahead by 10.1 percentage points (+10.9% against +21.0%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.12 to 0.62. Risk is not evenly split, since CTVA 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.
CTVA vs DGRO: side by side
| CTVA (Corteva) | DGRO (iShares Core Dividend Growth ETF) | |
|---|---|---|
| 1-year return | +10.9% | +21.0% |
| 5-year return | +98.2% | +67.9% |
| Volatility (ann.) | 26.8% | 11.4% |
| Beta vs S&P 500 | 0.43 | 0.65 |
| Max drawdown (3Y) | -20.7% | -14.0% |
| Market cap | $55.0B | – |
| P/E (trailing) | 50.2 | – |
| Dividend yield | 0.87% | 1.89% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $42.8B |
| Sector / category | Materials | 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 | CTVA | DGRO |
|---|---|---|
| 2022 | +25.6% | -7.9% |
| 2023 | -17.5% | +10.5% |
| 2024 | +20.2% | +16.6% |
| 2025 | +18.9% | +15.7% |
| 2026 | +23.5% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
CTVA represents 0.11% of DGRO's portfolio, so part of any move in DGRO is CTVA itself, and the correlation between them is partly mechanical.
Are CTVA and DGRO good diversifiers for each other?
Reasonably. At 0.41, CTVA and DGRO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CTVA and DGRO?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.08 over the last year and 0.48 over 5 years.
Is DGRO a good diversifier for CTVA?
Reasonably. At 0.41, CTVA and DGRO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/ctva-vs-dgro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctva-vs-dgro/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTVA correlations · DGRO correlations
