DGRO vs SOXX: Correlation & Overlap
Measured on weekly returns over the past three years, iShares Core Dividend Growth ETF (DGRO) and iShares Semiconductor ETF (SOXX) carry a correlation of 0.55, a moderate link. By holdings, the two funds overlap 4.5% by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and SOXX?
Over the past 3 years, DGRO and SOXX moved with a correlation of 0.55, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.55 over 3 years. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 219.6 %².
By 3-year correlation, SOXX places #91 of the 138 assets tracked against DGRO. Correlation aside, the last 12 months split them widely, with SOXX ahead by 89.0 points (+21.0% versus +110.0%). The rolling one-year correlation moved between 0.29 and 0.77 over the past three years, a moderate range. One caveat on sizing: SOXX is 3.1 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 SOXX: side by side
| DGRO (iShares Core Dividend Growth ETF) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +21.0% | +110.0% |
| 5-year return | +67.9% | +247.5% |
| Volatility (ann.) | 11.4% | 35.2% |
| Beta vs S&P 500 | 0.65 | 1.93 |
| Max drawdown (3Y) | -14.0% | -41.4% |
| Dividend yield | 1.89% | 0.29% |
| Expense ratio | 0.08% | 0.33% |
| Assets under management | $42.8B | $44.7B |
| Sector / category | ETF · Dividend | ETF · Thematic |
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. On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Portfolio overlap between DGRO and SOXX
The two portfolios are largely distinct. Weighing the shared positions, 4.5% of the two funds is identical, spread across 9 common holdings. That shared book is a large part of why the returns line up.
| Common holding | Weight in DGRO | Weight in SOXX |
|---|---|---|
| AVGO | 2.28% | 7.11% |
| QCOM | 0.59% | 2.91% |
| ADI | 0.42% | 4.01% |
| AMAT | 0.35% | 4.76% |
| LRCX | 0.27% | 4.39% |
| KLAC | 0.22% | 4.27% |
| MCHP | 0.17% | 2.19% |
| NXPI | 0.15% | 3.10% |
| MPWR | 0.07% | 3.43% |
Largest positions held only by DGRO: MSFT (3.39%), JNJ (3.16%), JPM (3.14%), ABBV (3.03%), XOM (2.86%). Only by SOXX: NVDA (8.87%), MU (8.64%), AMD (8.33%), MRVL (5.34%), INTC (4.97%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 9 common positions shown.
Year-by-year returns
| Year | DGRO | SOXX |
|---|---|---|
| 2022 | -7.9% | -35.1% |
| 2023 | +10.5% | +67.1% |
| 2024 | +16.6% | +12.9% |
| 2025 | +15.7% | +40.7% |
| 2026 | +15.2% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and SOXX good diversifiers for each other?
To a limited degree. At 0.55 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 SOXX?
The DGRO/SOXX correlation stands at 0.55 on a 3-year window (1 year: 0.32, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is SOXX a good diversifier for DGRO?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
How much do DGRO and SOXX overlap?
The two funds share 9 holdings amounting to 4.5% of weight, per issuer portfolio files dated 2026-08-26.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dgro-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgro-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DGRO correlations · SOXX correlations
