DGRO vs MET: Correlation
Measured on weekly returns over the past three years, iShares Core Dividend Growth ETF (DGRO) and MetLife (MET) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and MET?
Across a 3-year window, the weekly returns of DGRO and MET correlate at 0.69, strong. The link has loosened recently: the 1-year correlation (0.43) runs below the 3-year figure (0.69). Stretching to 5 years gives 0.68, with an annualized covariance of 182.4 %².
Among the 138 assets we track against DGRO, MET ranks #36 by 3-year correlation. Neither side won the trailing year by much: +21.0% against +22.1%. On a rolling one-year basis the correlation drifted between 0.45 and 0.82, a moderate band. Note the risk asymmetry: MET runs 2.0 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 MET: side by side
| DGRO (iShares Core Dividend Growth ETF) | MET (MetLife) | |
|---|---|---|
| 1-year return | +21.0% | +22.1% |
| 5-year return | +67.9% | +80.8% |
| Volatility (ann.) | 11.4% | 23.3% |
| Beta vs S&P 500 | 0.65 | 0.89 |
| Max drawdown (3Y) | -14.0% | -22.0% |
| Market cap | – | $61.2B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 1.89% | 2.38% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | Financials |
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 | MET |
|---|---|---|
| 2022 | -7.9% | +19.2% |
| 2023 | +10.5% | -5.5% |
| 2024 | +16.6% | +27.7% |
| 2025 | +15.7% | -0.8% |
| 2026 | +15.2% | +24.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.31% of DGRO is MET itself, so the fund partly moves with the stock by construction.
Are DGRO and MET good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DGRO and MET?
As of 2026-08-27, the correlation of weekly returns between DGRO and MET is 0.69 over 3 years, 0.43 over 1 year and 0.68 over 5 years.
Is MET a good diversifier for DGRO?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
A reading of 0.69 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/dgro-vs-met.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dgro-vs-met/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DGRO correlations · MET correlations
