DGRO vs TCRT: Correlation
How closely do iShares Core Dividend Growth ETF (DGRO) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and TCRT?
On 3 years of weekly data the DGRO/TCRT correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. The 5-year figure is -0.04, and annualized covariance runs at -256.0 %².
Among the 138 assets we track against DGRO, TCRT sits near the bottom by co-movement, at rank #134. Correlation aside, the last 12 months split them widely, with DGRO ahead by 33.2 points (+21.0% versus -12.2%). One caveat on sizing: TCRT is 10.7 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 TCRT: side by side
| DGRO (iShares Core Dividend Growth ETF) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +21.0% | -12.2% |
| 5-year return | +67.9% | -99.3% |
| Volatility (ann.) | 11.4% | 121.9% |
| Beta vs S&P 500 | 0.65 | -1.11 |
| Max drawdown (3Y) | -14.0% | -95.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | TCRT |
|---|---|---|
| 2022 | -7.9% | -40.4% |
| 2023 | +10.5% | -89.2% |
| 2024 | +16.6% | -81.8% |
| 2025 | +15.7% | +69.1% |
| 2026 | +15.2% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and TCRT good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DGRO and TCRT?
The DGRO/TCRT correlation stands at -0.18 on a 3-year window (1 year: -0.15, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for DGRO?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 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-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgro-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DGRO correlations · TCRT correlations
