DGRO vs WHLR: Correlation
Measured on weekly returns over the past three years, iShares Core Dividend Growth ETF (DGRO) and Wheeler Real Estate Investment Trust, Inc. (WHLR) carry a correlation of -0.14, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and WHLR?
On 3 years of weekly data the DGRO/WHLR correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.08) sits close to the 3-year figure. The 5-year figure is -0.08, and annualized covariance runs at -882.5 %².
By 3-year correlation, WHLR places #130 of the 138 assets tracked against DGRO. Correlation aside, the last 12 months split them widely, with DGRO ahead by 121.0 points (+21.0% versus -100.0%). Note the risk asymmetry: WHLR runs 47.8 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 WHLR: side by side
| DGRO (iShares Core Dividend Growth ETF) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +21.0% | -100.0% |
| 5-year return | +67.9% | -100.0% |
| Volatility (ann.) | 11.4% | 545.0% |
| Beta vs S&P 500 | 0.65 | -5.84 |
| Max drawdown (3Y) | -14.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 1.89% | 0.00% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | US Listed |
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.
Year-by-year returns
| Year | DGRO | WHLR |
|---|---|---|
| 2022 | -7.9% | -28.0% |
| 2023 | +10.5% | -98.4% |
| 2024 | +16.6% | -98.4% |
| 2025 | +15.7% | -100.0% |
| 2026 | +15.2% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and WHLR good diversifiers for each other?
Yes. With a correlation of -0.14, DGRO and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DGRO and WHLR?
The DGRO/WHLR correlation stands at -0.14 on a 3-year window (1 year: -0.08, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is WHLR a good diversifier for DGRO?
Yes. With a correlation of -0.14, DGRO and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: DGRO correlations · WHLR correlations
