DGRO vs PFGC: Correlation
iShares Core Dividend Growth ETF (DGRO) and Performance Food Group Company (PFGC) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and PFGC?
Over the past 3 years, DGRO and PFGC moved with a correlation of 0.54, which is moderate. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.54). Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 156.3 %².
By 3-year correlation, PFGC places #95 of the 138 assets tracked against DGRO. Their recent paths diverged sharply: over the last 12 months DGRO outperformed by 20.3 percentage points (+21.0% for DGRO against +0.7% for PFGC). Risk is not evenly split, since PFGC carries 2.2 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 PFGC: side by side
| DGRO (iShares Core Dividend Growth ETF) | PFGC (Performance Food Group Company) | |
|---|---|---|
| 1-year return | +21.0% | +0.7% |
| 5-year return | +67.9% | +113.4% |
| Volatility (ann.) | 11.4% | 25.2% |
| Beta vs S&P 500 | 0.65 | 0.80 |
| Max drawdown (3Y) | -14.0% | -25.5% |
| Market cap | – | $16.0B |
| P/E (trailing) | – | 44.8 |
| 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 | PFGC |
|---|---|---|
| 2022 | -7.9% | +27.2% |
| 2023 | +10.5% | +18.4% |
| 2024 | +16.6% | +22.3% |
| 2025 | +15.7% | +6.4% |
| 2026 | +15.2% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and PFGC good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DGRO and PFGC?
The DGRO/PFGC correlation stands at 0.54 on a 3-year window (1 year: 0.44, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is PFGC a good diversifier for DGRO?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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-pfgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dgro-vs-pfgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DGRO correlations · PFGC correlations
