DGRO vs YUM: Correlation
Measured on weekly returns over the past three years, iShares Core Dividend Growth ETF (DGRO) and Yum! Brands (YUM) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGRO and YUM?
Over the past 3 years, DGRO and YUM moved with a correlation of 0.41, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 100.5 %².
Among the 138 assets we track against DGRO, YUM ranks #126 by 3-year correlation. The last year tells two different stories: DGRO led by 15.3 percentage points, +21.0% for DGRO against +5.7% for YUM. This link changes with the market regime, having swung between 0.18 and 0.73 on a rolling one-year basis. One caveat on sizing: YUM 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 YUM: side by side
| DGRO (iShares Core Dividend Growth ETF) | YUM (Yum! Brands) | |
|---|---|---|
| 1-year return | +21.0% | +5.7% |
| 5-year return | +67.9% | +26.2% |
| Volatility (ann.) | 11.4% | 21.3% |
| Beta vs S&P 500 | 0.65 | 0.34 |
| Max drawdown (3Y) | -14.0% | -14.5% |
| Market cap | – | $41.1B |
| P/E (trailing) | – | 19.0 |
| Dividend yield | 1.89% | 0.95% |
| Expense ratio | 0.08% | – |
| Assets under management | $42.8B | – |
| Sector / category | ETF · Dividend | Consumer Discretionary |
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 | YUM |
|---|---|---|
| 2022 | -7.9% | -6.0% |
| 2023 | +10.5% | +3.9% |
| 2024 | +16.6% | +4.7% |
| 2025 | +15.7% | +14.9% |
| 2026 | +15.2% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.18% of DGRO is YUM itself, so the fund partly moves with the stock by construction.
Are DGRO and YUM good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DGRO and YUM?
As of 2026-08-27, the correlation of weekly returns between DGRO and YUM is 0.41 over 3 years, 0.48 over 1 year and 0.53 over 5 years.
Is YUM a good diversifier for DGRO?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dgro-vs-yum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgro-vs-yum/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DGRO correlations · YUM correlations
