DGRO vs VLTO: Correlation
Measured on weekly returns over the past three years, iShares Core Dividend Growth ETF (DGRO) and Veralto (VLTO) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and VLTO?
On 3 years of weekly data the DGRO/VLTO correlation comes out at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.37) runs below the 3-year figure (0.50). The 5-year figure is n/a, and annualized covariance runs at 121.9 %².
By 3-year correlation, VLTO places #106 of the 138 assets tracked against DGRO. Correlation aside, the last 12 months split them widely, with DGRO ahead by 28.9 points (+21.0% versus -7.9%). On a rolling one-year basis the correlation drifted between 0.34 and 0.75, a moderate band. One caveat on sizing: VLTO is 1.9 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 VLTO: side by side
| DGRO (iShares Core Dividend Growth ETF) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | +21.0% | -7.9% |
| 5-year return | +67.9% | n/a |
| Volatility (ann.) | 11.4% | 21.2% |
| Beta vs S&P 500 | 0.65 | 0.66 |
| Max drawdown (3Y) | -14.0% | -27.1% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 1.89% | 0.51% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | Industrials |
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 | VLTO |
|---|---|---|
| 2022 | -7.9% | – |
| 2023 | +10.5% | – |
| 2024 | +16.6% | +24.3% |
| 2025 | +15.7% | -1.6% |
| 2026 | +15.2% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and VLTO good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DGRO and VLTO?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is VLTO a good diversifier for DGRO?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgro-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DGRO correlations · VLTO correlations
