DGRO vs OMC: Correlation
How closely do iShares Core Dividend Growth ETF (DGRO) and Omnicom Group (OMC) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and OMC?
Over the past 3 years, DGRO and OMC moved with a correlation of 0.50, which is moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.50). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 159.1 %².
Among the 138 assets we track against DGRO, OMC ranks #104 by 3-year correlation. Neither side won the trailing year by much: +21.0% against +16.5%. This link changes with the market regime, having swung between 0.18 and 0.74 on a rolling one-year basis. One caveat on sizing: OMC is 2.5 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 OMC: side by side
| DGRO (iShares Core Dividend Growth ETF) | OMC (Omnicom Group) | |
|---|---|---|
| 1-year return | +21.0% | +16.5% |
| 5-year return | +67.9% | +45.6% |
| Volatility (ann.) | 11.4% | 28.0% |
| Beta vs S&P 500 | 0.65 | 0.76 |
| Max drawdown (3Y) | -14.0% | -33.3% |
| Market cap | – | $24.1B |
| P/E (trailing) | – | 237.5 |
| Dividend yield | 1.89% | 3.53% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | Communication Services |
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 | OMC |
|---|---|---|
| 2022 | -7.9% | +15.7% |
| 2023 | +10.5% | +9.6% |
| 2024 | +16.6% | +2.5% |
| 2025 | +15.7% | -2.6% |
| 2026 | +15.2% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and OMC good diversifiers for each other?
To a limited degree. At 0.50 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 OMC?
As of 2026-08-27, the correlation of weekly returns between DGRO and OMC is 0.50 over 3 years, 0.15 over 1 year and 0.50 over 5 years.
Is OMC a good diversifier for DGRO?
To a limited degree. At 0.50 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 0.50 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-omc.json
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Related comparisons
Hubs: DGRO correlations · OMC correlations
