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iShares Core Dividend Growth ETF (DGRO) Diversifiers

ETF · Currency in USD · Last updated Jul 16, 2026

DGRO, or the iShares Core Dividend Growth ETF, is a passively managed exchange-traded fund that aims to replicate the performance of the Morningstar U.S. Dividend Growth Index. This index is comprised of U.S. stocks that have a history of increasing dividends and are expected to continue doing so in the future. By investing in DGRO, investors can gain exposure to a diversified portfolio of dividend-paying stocks with a focus on growth. The fund was launched on June 10, 2014, and is managed by iShares, a division of BlackRock, one of the world's largest asset managers. It has an expense ratio of 0.08%, which is considered very low compared to other ETFs and mutual funds, making DGRO a popular choice for investors looking for low-cost exposure to dividend-paying growth stocks.

Looking to diversify beyond DGRO? The ETFs below have the lowest correlation with DGRO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DGRO.

Best Diversifiers for DGRO

408 ETFs have low correlation with DGRO (below 0.3), 39 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MSTZ
T-REX 2X Inverse MSTR Daily Target ETF-0.29——
61
Inverse Equities, Leveraged EquitiesDGRO vs MSTZ
SMST
Defiance Daily Target 2X Short MSTR ETF-0.29——
53
Inverse EquitiesDGRO vs SMST
WNTR
YieldMax Short MSTR Option Income Strategy ETF-0.26——
69
Derivative IncomeDGRO vs WNTR
YCS
ProShares UltraShort Yen-0.23-0.09-0.06
67
Leveraged CurrencyDGRO vs YCS
CAOS
Alpha Architect Tail Risk ETF-0.20-0.040.08
53
Options TradingDGRO vs CAOS
See all 2155 diversifiers for DGRO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from DGRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DGRO and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.03, down from 0.21 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CBOE
Cboe Global Markets, Inc.-0.030.000.21
62
Financial Services
CRDO
Credo Technology Group Holding Ltd0.050.220.30
81
Technology
OXY
Occidental Petroleum Corporation0.060.250.31
68
Energy
NVDA
NVIDIA Corporation0.080.210.39
66
Technology
PBR
Petróleo Brasileiro S.A. - Petrobras0.080.230.22
82
Energy
See all 169 low-correlation stocks for DGRO

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Diversification Analysis

Build a portfolio that complements DGRO

Add DGRO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with DGRO