DGRO vs SNA: Correlation
iShares Core Dividend Growth ETF (DGRO) and Snap-on (SNA) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and SNA?
Across a 3-year window, the weekly returns of DGRO and SNA correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.61, with an annualized covariance of 142.3 %².
Among the 138 assets we track against DGRO, SNA ranks #70 by 3-year correlation. Their 12-month results are close: +21.0% for DGRO against +23.1% for SNA. Across three years, the rolling one-year figure varied moderately, from 0.41 to 0.71. Note the risk asymmetry: SNA runs 1.9 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 SNA: side by side
| DGRO (iShares Core Dividend Growth ETF) | SNA (Snap-on) | |
|---|---|---|
| 1-year return | +21.0% | +23.1% |
| 5-year return | +67.9% | +99.6% |
| Volatility (ann.) | 11.4% | 21.3% |
| Beta vs S&P 500 | 0.65 | 0.70 |
| Max drawdown (3Y) | -14.0% | -20.8% |
| Market cap | – | $20.5B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 1.89% | 2.38% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | Industrials |
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 | SNA |
|---|---|---|
| 2022 | -7.9% | +8.9% |
| 2023 | +10.5% | +29.7% |
| 2024 | +16.6% | +20.7% |
| 2025 | +15.7% | +4.3% |
| 2026 | +15.2% | +17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.11% of DGRO is SNA itself, so the fund partly moves with the stock by construction.
Are DGRO and SNA good diversifiers for each other?
To a limited degree. At 0.59 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 SNA?
The DGRO/SNA correlation stands at 0.59 on a 3-year window (1 year: 0.52, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is SNA a good diversifier for DGRO?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 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-sna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dgro-vs-sna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DGRO correlations · SNA correlations
