DGRO vs SBUX: Correlation
iShares Core Dividend Growth ETF (DGRO) and Starbucks (SBUX) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and SBUX?
Across a 3-year window, the weekly returns of DGRO and SBUX correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 198.5 %².
Among the 138 assets we track against DGRO, SBUX ranks #100 by 3-year correlation. Neither side won the trailing year by much: +21.0% against +25.5%. On a rolling one-year basis the correlation drifted between 0.29 and 0.75, a moderate band. Note the risk asymmetry: SBUX runs 3.0 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 SBUX: side by side
| DGRO (iShares Core Dividend Growth ETF) | SBUX (Starbucks) | |
|---|---|---|
| 1-year return | +21.0% | +25.5% |
| 5-year return | +67.9% | +4.5% |
| Volatility (ann.) | 11.4% | 34.2% |
| Beta vs S&P 500 | 0.65 | 1.10 |
| Max drawdown (3Y) | -14.0% | -32.0% |
| Market cap | – | $122.3B |
| P/E (trailing) | – | 62.7 |
| Dividend yield | 1.89% | 2.29% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | Consumer Discretionary |
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 | SBUX |
|---|---|---|
| 2022 | -7.9% | -13.2% |
| 2023 | +10.5% | -1.2% |
| 2024 | +16.6% | -2.5% |
| 2025 | +15.7% | -5.3% |
| 2026 | +15.2% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and SBUX good diversifiers for each other?
Only partially. A correlation of 0.51 means DGRO and SBUX 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 SBUX?
As of 2026-08-27, the correlation of weekly returns between DGRO and SBUX is 0.51 over 3 years, 0.44 over 1 year and 0.53 over 5 years.
Is SBUX a good diversifier for DGRO?
Only partially. A correlation of 0.51 means DGRO and SBUX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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-sbux.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgro-vs-sbux/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DGRO correlations · SBUX correlations
