DGRO vs HURC: Correlation
Measured on weekly returns over the past three years, iShares Core Dividend Growth ETF (DGRO) and Hurco Companies, Inc. (HURC) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and HURC?
Over the past 3 years, DGRO and HURC moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 198.0 %².
Among the 138 assets we track against DGRO, HURC ranks #117 by 3-year correlation. Their 12-month results are close: +21.0% for DGRO against +25.4% for HURC. Risk is not evenly split, since HURC carries 3.5 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.
DGRO vs HURC: side by side
| DGRO (iShares Core Dividend Growth ETF) | HURC (Hurco Companies, Inc.) | |
|---|---|---|
| 1-year return | +21.0% | +25.4% |
| 5-year return | +67.9% | -28.0% |
| Volatility (ann.) | 11.4% | 39.5% |
| Beta vs S&P 500 | 0.65 | 0.89 |
| Max drawdown (3Y) | -14.0% | -52.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 1.89% | 0.00% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | US Listed |
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 | DGRO | HURC |
|---|---|---|
| 2022 | -7.9% | -10.0% |
| 2023 | +10.5% | -15.2% |
| 2024 | +16.6% | -9.7% |
| 2025 | +15.7% | -19.9% |
| 2026 | +15.2% | +45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and HURC good diversifiers for each other?
Reasonably. At 0.44, DGRO and HURC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DGRO and HURC?
As of 2026-08-27, the correlation of weekly returns between DGRO and HURC is 0.44 over 3 years, 0.45 over 1 year and 0.36 over 5 years.
Is HURC a good diversifier for DGRO?
Reasonably. At 0.44, DGRO and HURC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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
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Related comparisons
Hubs: DGRO correlations · HURC correlations
