DGRO vs TWI: Correlation
How closely do iShares Core Dividend Growth ETF (DGRO) and Titan International, Inc. (DE) (TWI) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and TWI?
Across a 3-year window, the weekly returns of DGRO and TWI correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 322.6 %².
Among the 138 assets we track against DGRO, TWI ranks #72 by 3-year correlation. The last year tells two different stories: DGRO led by 43.9 percentage points, +21.0% for DGRO against -22.9% for TWI. Note the risk asymmetry: TWI runs 4.2 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 TWI: side by side
| DGRO (iShares Core Dividend Growth ETF) | TWI (Titan International, Inc. (DE)) | |
|---|---|---|
| 1-year return | +21.0% | -22.9% |
| 5-year return | +67.9% | -16.4% |
| Volatility (ann.) | 11.4% | 48.0% |
| Beta vs S&P 500 | 0.65 | 1.38 |
| Max drawdown (3Y) | -14.0% | -58.5% |
| Market cap | – | $0.5B |
| 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, 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 | TWI |
|---|---|---|
| 2022 | -7.9% | +39.8% |
| 2023 | +10.5% | -2.9% |
| 2024 | +16.6% | -54.4% |
| 2025 | +15.7% | +15.3% |
| 2026 | +15.2% | -10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and TWI good diversifiers for each other?
Only partially. A correlation of 0.59 means DGRO and TWI 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 TWI?
As of 2026-08-27, the correlation of weekly returns between DGRO and TWI is 0.59 over 3 years, 0.59 over 1 year and 0.47 over 5 years.
Is TWI a good diversifier for DGRO?
Only partially. A correlation of 0.59 means DGRO and TWI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 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-twi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgro-vs-twi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DGRO correlations · TWI correlations
