DGRO vs WKC: Correlation
How closely do iShares Core Dividend Growth ETF (DGRO) and World Kinect Corporation (WKC) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and WKC?
Over the past 3 years, DGRO and WKC moved with a correlation of 0.55, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.55 over 3 years. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 196.0 %².
Within DGRO's tracked universe of 138 assets, WKC comes in at #92 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WKC ahead by 15.5 points (+21.0% versus +36.5%). Risk is not evenly split, since WKC carries 2.7 times the volatility of the other side.
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 WKC: side by side
| DGRO (iShares Core Dividend Growth ETF) | WKC (World Kinect Corporation) | |
|---|---|---|
| 1-year return | +21.0% | +36.5% |
| 5-year return | +67.9% | +26.9% |
| Volatility (ann.) | 11.4% | 31.0% |
| Beta vs S&P 500 | 0.65 | 0.78 |
| Max drawdown (3Y) | -14.0% | -25.4% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 1.89% | 2.30% |
| 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 | WKC |
|---|---|---|
| 2022 | -7.9% | +5.3% |
| 2023 | +10.5% | -14.6% |
| 2024 | +16.6% | +23.8% |
| 2025 | +15.7% | -12.3% |
| 2026 | +15.2% | +55.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGRO and WKC good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DGRO and WKC?
As of 2026-08-27, the correlation of weekly returns between DGRO and WKC is 0.55 over 3 years, 0.25 over 1 year and 0.46 over 5 years.
Is WKC a good diversifier for DGRO?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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-wkc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dgro-vs-wkc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DGRO correlations · WKC correlations
