DGRO vs HAS: Correlation
Measured on weekly returns over the past three years, iShares Core Dividend Growth ETF (DGRO) and Hasbro (HAS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and HAS?
Over the past 3 years, DGRO and HAS moved with a correlation of 0.48, which is moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.48). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 173.6 %².
By 3-year correlation, HAS places #109 of the 138 assets tracked against DGRO. Twelve-month performance is nearly a tie, at +21.0% for DGRO and +19.2% for HAS. On a rolling one-year basis the correlation drifted between 0.33 and 0.62, a moderate band. One caveat on sizing: HAS is 2.8 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 HAS: side by side
| DGRO (iShares Core Dividend Growth ETF) | HAS (Hasbro) | |
|---|---|---|
| 1-year return | +21.0% | +19.2% |
| 5-year return | +67.9% | +17.1% |
| Volatility (ann.) | 11.4% | 31.7% |
| Beta vs S&P 500 | 0.65 | 0.86 |
| Max drawdown (3Y) | -14.0% | -40.3% |
| Market cap | – | $13.3B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 1.89% | 2.91% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | Consumer Discretionary |
On the fund side, DGRO sits in the Large Value category at iShares, with $42.8B under management, 383 holdings, a 0.08% expense ratio, a 1.89% trailing dividend yield.
Year-by-year returns
| Year | DGRO | HAS |
|---|---|---|
| 2022 | -7.9% | -37.9% |
| 2023 | +10.5% | -11.9% |
| 2024 | +16.6% | +14.8% |
| 2025 | +15.7% | +52.5% |
| 2026 | +15.2% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and HAS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DGRO and HAS?
As of 2026-08-27, the correlation of weekly returns between DGRO and HAS is 0.48 over 3 years, 0.31 over 1 year and 0.48 over 5 years.
Is HAS a good diversifier for DGRO?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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-has.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dgro-vs-has/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DGRO correlations · HAS correlations
