DGRO vs J: Correlation
Measured on weekly returns over the past three years, iShares Core Dividend Growth ETF (DGRO) and Jacobs Solutions (J) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and J?
Across a 3-year window, the weekly returns of DGRO and J correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.60, with an annualized covariance of 147.2 %².
By 3-year correlation, J places #102 of the 138 assets tracked against DGRO. Their recent paths diverged sharply: over the last 12 months DGRO outperformed by 18.4 percentage points (+21.0% for DGRO against +2.6% for J). The relationship is regime-dependent: the rolling one-year correlation swung between 0.21 and 0.79 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: J runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 J: side by side
| DGRO (iShares Core Dividend Growth ETF) | J (Jacobs Solutions) | |
|---|---|---|
| 1-year return | +21.0% | +2.6% |
| 5-year return | +67.9% | +40.5% |
| Volatility (ann.) | 11.4% | 25.7% |
| Beta vs S&P 500 | 0.65 | 0.77 |
| Max drawdown (3Y) | -14.0% | -34.4% |
| Market cap | – | $17.6B |
| P/E (trailing) | – | 49.9 |
| Dividend yield | 1.89% | 0.90% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | Industrials |
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 | J |
|---|---|---|
| 2022 | -7.9% | -13.1% |
| 2023 | +10.5% | +9.0% |
| 2024 | +16.6% | +24.2% |
| 2025 | +15.7% | +1.1% |
| 2026 | +15.2% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and J good diversifiers for each other?
Only partially. A correlation of 0.50 means DGRO and J share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DGRO and J?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.50 over the last year and 0.60 over 5 years.
Is J a good diversifier for DGRO?
Only partially. A correlation of 0.50 means DGRO and J share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dgro-vs-j.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dgro-vs-j/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DGRO correlations · J correlations
