DGRO vs VT: Correlation & Overlap
iShares Core Dividend Growth ETF (DGRO) and Vanguard Total World Stock ETF (VT) show a very strong relationship: their 3-year correlation of weekly returns is 0.85. Looking through to holdings, 29.9% of the two portfolios is the same by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and VT?
On 3 years of weekly data the DGRO/VT correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.68) runs below the 3-year figure (0.85). The 5-year figure is 0.89, and annualized covariance runs at 134.6 %².
Among the 138 assets we track against DGRO, VT ranks #14 by 3-year correlation. Neither side won the trailing year by much: +21.0% against +22.7%. On a rolling one-year basis the correlation drifted between 0.68 and 0.94, a moderate band.
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 VT: side by side
| DGRO (iShares Core Dividend Growth ETF) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +21.0% | +22.7% |
| 5-year return | +67.9% | +67.7% |
| Volatility (ann.) | 11.4% | 13.9% |
| Beta vs S&P 500 | 0.65 | 0.92 |
| Max drawdown (3Y) | -14.0% | -16.5% |
| Dividend yield | 1.89% | 1.59% |
| Expense ratio | 0.08% | 0.06% |
| Assets under management | $42.8B | $97.9B |
| Sector / category | ETF · Dividend | ETF · Global |
On the fund side, DGRO sits in the Large Value category at iShares, with $42.8B under management, 383 holdings, a 0.08% expense ratio, a 1.89% trailing dividend yield. VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Portfolio overlap between DGRO and VT
The two portfolios partially overlap. Weighing the shared positions, 29.9% of the two funds is identical, spread across 381 common holdings. That shared book is a large part of why the returns line up.
| Common holding | Weight in DGRO | Weight in VT |
|---|---|---|
| MSFT | 3.39% | 3.09% |
| AAPL | 2.85% | 4.00% |
| AVGO | 2.28% | 1.62% |
| JPM | 3.14% | 0.84% |
| LLY | 1.21% | 0.82% |
| XOM | 2.86% | 0.58% |
| JNJ | 3.16% | 0.55% |
| V | 1.13% | 0.54% |
| WMT | 0.80% | 0.44% |
| MA | 0.73% | 0.41% |
| CSCO | 1.27% | 0.41% |
| ABBV | 3.03% | 0.40% |
| COST | 0.54% | 0.38% |
| BAC | 1.80% | 0.36% |
| AMAT | 0.35% | 0.36% |
Largest positions held only by DGRO: ERIE (0.04%), WMG (0.02%). Only by VT: NVDA (4.20%), AMZN (2.36%), GOOGL (1.89%), 2330 (1.61%), GOOG (1.49%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 15 common positions shown.
Year-by-year returns
| Year | DGRO | VT |
|---|---|---|
| 2022 | -7.9% | -18.0% |
| 2023 | +10.5% | +22.0% |
| 2024 | +16.6% | +16.5% |
| 2025 | +15.7% | +22.4% |
| 2026 | +15.2% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and VT good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between DGRO and VT?
As of 2026-08-27, the correlation of weekly returns between DGRO and VT is 0.85 over 3 years, 0.68 over 1 year and 0.89 over 5 years.
Is VT a good diversifier for DGRO?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
How much do DGRO and VT overlap?
Per the issuers' own portfolio disclosures (2026-08-26), the overlap is 29.9% by weight over 381 common positions.
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Hubs: DGRO correlations · VT correlations
