DGRO vs EHC: Correlation
Measured on weekly returns over the past three years, iShares Core Dividend Growth ETF (DGRO) and Encompass Health Corporation (EHC) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and EHC?
Over the past 3 years, DGRO and EHC moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 135.9 %².
Within DGRO's tracked universe of 138 assets, EHC comes in at #107 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DGRO ahead by 23.6 points (+21.0% versus -2.6%). One caveat on sizing: EHC is 2.1 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.
DGRO vs EHC: side by side
| DGRO (iShares Core Dividend Growth ETF) | EHC (Encompass Health Corporation) | |
|---|---|---|
| 1-year return | +21.0% | -2.6% |
| 5-year return | +67.9% | +101.2% |
| Volatility (ann.) | 11.4% | 24.5% |
| Beta vs S&P 500 | 0.65 | 0.61 |
| Max drawdown (3Y) | -14.0% | -26.1% |
| Market cap | – | $11.8B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 1.89% | 0.63% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | US Listed |
DGRO, iShares's Large Value fund, carries $42.8B under management, 383 holdings, a 0.08% expense ratio, a 1.89% trailing dividend yield.
Year-by-year returns
| Year | DGRO | EHC |
|---|---|---|
| 2022 | -7.9% | +17.0% |
| 2023 | +10.5% | +12.6% |
| 2024 | +16.6% | +39.2% |
| 2025 | +15.7% | +15.7% |
| 2026 | +15.2% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and EHC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DGRO and EHC?
The DGRO/EHC correlation stands at 0.49 on a 3-year window (1 year: 0.46, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is EHC a good diversifier for DGRO?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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/dgro-vs-ehc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgro-vs-ehc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DGRO correlations · EHC correlations
