DGRO vs RMD: Correlation
Measured on weekly returns over the past three years, iShares Core Dividend Growth ETF (DGRO) and ResMed (RMD) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and RMD?
Over the past 3 years, DGRO and RMD moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 152.7 %².
Within DGRO's tracked universe of 138 assets, RMD comes in at #121 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DGRO ahead by 36.5 points (+21.0% versus -15.5%). Across three years, the rolling one-year figure varied moderately, from 0.24 to 0.61. Risk is not evenly split, since RMD carries 2.7 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 RMD: side by side
| DGRO (iShares Core Dividend Growth ETF) | RMD (ResMed) | |
|---|---|---|
| 1-year return | +21.0% | -15.5% |
| 5-year return | +67.9% | -14.6% |
| Volatility (ann.) | 11.4% | 31.2% |
| Beta vs S&P 500 | 0.65 | 0.79 |
| Max drawdown (3Y) | -14.0% | -37.3% |
| Market cap | – | $34.0B |
| P/E (trailing) | – | 22.6 |
| Dividend yield | 1.89% | 1.02% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | Health Care |
On the fund side, DGRO sits in the Large Value category at iShares, with $42.8B under management, 383 holdings, a 0.08% expense ratio, a 1.89% trailing dividend yield.
Year-by-year returns
| Year | DGRO | RMD |
|---|---|---|
| 2022 | -7.9% | -19.5% |
| 2023 | +10.5% | -16.5% |
| 2024 | +16.6% | +34.2% |
| 2025 | +15.7% | +6.3% |
| 2026 | +15.2% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.09% of DGRO is RMD itself, so the fund partly moves with the stock by construction.
Are DGRO and RMD good diversifiers for each other?
Reasonably. At 0.43, DGRO and RMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DGRO and RMD?
As of 2026-08-27, the correlation of weekly returns between DGRO and RMD is 0.43 over 3 years, 0.41 over 1 year and 0.48 over 5 years.
Is RMD a good diversifier for DGRO?
Reasonably. At 0.43, DGRO and RMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-rmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgro-vs-rmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DGRO correlations · RMD correlations
