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Stock prices correlations: Dividend Growth stocks vs. S&P500

I compared prices of Dividend Growth stocks (from David Fish's CCC list from October 2011) with S&P500 represented by SPY ETF. Prices are from Yahoo.com for period from 1/29/1993 till 11/17/2011for SPY and for the same or shorter period (if Yahoo doesn't have data) for the companies.
The results are

Symbol Correlation with SPY 
DCM -0.39899
NTT -0.1228
AM -0.01555
EPHC -0.01502
UBNK 0.061532
CMS 0.076086
FCAP 0.121335
CPKF 0.177712
ORRF 0.184015
FIX 0.193241
CMP 0.196561
CIZN 0.208396
NUS 0.231909
ALNC 0.238674
ITC 0.252243
DLR 0.257187
NKSH 0.266805
RBCAA 0.286027
AHGP 0.31434
CZFS 0.31517
PRGO 0.32398
JCS 0.334361
GOLD 0.341563
KOF 0.345721
PEG 0.348478
COLM 0.358647
EVEP 0.359116
NWFL 0.359998
ALOT 0.361327
PRSP 0.375642
OMI 0.37592
SEP 0.380102
STRA 0.385629
SBSI 0.386231
TCLP 0.399783
ISCA 0.404482
NSH 0.405027
NVE 0.406597
YORW 0.414208
UBA 0.417524
ODC 0.425401
BWP 0.427954
EPD 0.436264
EVR 0.439207
WHG 0.440076
RTN 0.445932
WLK 0.44781
STON 0.450236
WPC 0.451567
CBRL 0.453146
NRCI 0.456105
BHB 0.462094
TWGP 0.463946
OZRK 0.46664
EEI 0.466895
PAA 0.47519
LLL 0.481948
EFSI 0.48269
ARLP 0.482912
NIDB 0.488057
ETE 0.495943
RGLD 0.496132
SFG 0.497024
CSVI 0.497728
DGICA 0.498579
THI 0.498662
AFSI 0.502049
BMRC 0.503564
TLP 0.505364
HWKN 0.51286
CRR 0.514787
NEU 0.514808
NPK 0.516126
SLGN 0.522666
BR 0.524294
MNRO 0.525463
VSEC 0.52584
SNN 0.527226
YUM 0.528365
RBA 0.530573
RSG 0.538281
CHRW 0.538818
HEP 0.539875
SJM 0.54068
THG 0.541747
ROL 0.542241
SXL 0.542279
SNH 0.542416
SRE 0.547403
EOC 0.548653
CSX 0.550608
MON 0.552925
COV 0.558023
CMI 0.558838
SCL 0.558841
RAI 0.560413
ATNI 0.5613
CHEV 0.56204
SPH 0.562975
ARG 0.564077
ACI 0.569173
BDMS 0.571423
WPZ 0.571436
SRCE 0.572174
OHI 0.573542
TGP 0.574387
ACU 0.575521
FLS 0.585762
TGH 0.593936
ATRI 0.599667
SAFM 0.600417
BBL 0.600649
HAS 0.600697
EBTC 0.601401
APU 0.601628
VIVO 0.602595
BHP 0.603765
NDSN 0.607936
RNR 0.610921
SPAN 0.612474
CASS 0.61386
OXY 0.61406
CNI 0.614262
NVO 0.61466
GKSR 0.616083
NGLS 0.6168
UNS 0.617168
ARTNA 0.617937
LNN 0.61913
CEO 0.620468
NHI 0.620636
MSM 0.620826
JBHT 0.621436
UNP 0.622233
ERIE 0.622673
NUE 0.622744
IFF 0.622989
PNNT 0.62501
HCSG 0.625202
EGAS 0.630307
TSH 0.631395
ROST 0.631565
ABC 0.636762
RAVN 0.638437
WM 0.639331
PPDI 0.639561
SWY 0.640612
KNX 0.641276
DBD 0.641308
RBN 0.641402
GRC 0.6423
EOG 0.643334
NRGY 0.643537
GEF 0.644545
SJR 0.648127
CHL 0.64831
PII 0.649341
VMI 0.649581
MMP 0.651028
GEL 0.651404
BMI 0.652424
NS 0.652502
TE 0.652595
JJSF 0.654354
NVS 0.656176
IPCC 0.65658
DPM 0.657121
LG 0.657455
GWW 0.658147
ALB 0.658187
FLO 0.659127
ENB 0.659562
O 0.659646
CHD 0.659905
THFF 0.660053
OFC 0.660817
NC 0.660854
MCD 0.661117
NSC 0.662707
ADM 0.665182
TMP 0.665836
AOS 0.66602
SKT 0.667233
FDS 0.667612
ITT 0.668172
DAKT 0.669771
MXIM 0.669771
HCN 0.672718
TEVA 0.673194
CTBI 0.673745
SIAL 0.673961
INFY 0.674853
HP 0.675241
NHC 0.676956
DGICB 0.677891
UGI 0.679532
STE 0.679922
ANDE 0.680949
DGAS 0.681111
WRB 0.681492
WST 0.685544
RGCO 0.686174
SJI 0.686901
UMBF 0.687681
K 0.688074
CASY 0.688532
PX 0.688584
NNN 0.689153
DRI 0.689287
KMP 0.689297
HCP 0.691387
XLNX 0.692602
LDR 0.69271
SOMH 0.693563
LANC 0.69432
WSO 0.694354
AUBN 0.694522
FRT 0.694796
CNQ 0.695083
MO 0.69549
BOBE 0.698032
HIFS 0.698507
SHW 0.699651
LMT 0.700576
MOCO 0.700945
RBC 0.701862
DE 0.701917
TOO 0.702066
R 0.702553
ACN 0.70363
LSTR 0.703724
NKE 0.703752
IMO 0.704153
BWL-A 0.706613
NU 0.707753
WEC 0.708294
SU 0.708669
CNP 0.709541
LECO 0.71046
HGIC 0.710484
FAST 0.71072
FDO 0.711002
MSA 0.711154
OKE 0.711476
STR 0.711569
RCI 0.712767
AAN 0.713739
PBCT 0.714816
VFC 0.71523
AROW 0.716928
GPS 0.717027
CPK 0.717837
DCI 0.718154
CMLP 0.718261
BPL 0.718311
WEYS 0.719518
MUR 0.720691
INTC 0.721701
ESS 0.722395
DV 0.723302
BCR 0.723867
PLL 0.724698
CLC 0.724988
ATR 0.725086
LARK 0.725137
MGEE 0.726917
TJX 0.728333
TPL 0.729373
BRO 0.729724
ROP 0.730027
MPR 0.730925
NFG 0.731351
MKC 0.732948
SHPGY 0.733254
UHT 0.733285
NWN 0.733432
MATW 0.73359
DNB 0.733852
NJR 0.734717
NST 0.735365
SO 0.736107
CAT 0.738181
RLI 0.738355
PPL 0.738855
UCBA 0.739127
EGN 0.739526
GIS 0.740023
NEE 0.740884
RPM 0.743902
SXT 0.745828
XEL 0.745955
HRL 0.747926
CBU 0.749839
ORI 0.750062
AFG 0.750782
KO 0.751279
ATO 0.751496
PCG 0.751952
OGE 0.752749
CPB 0.753922
EEP 0.754044
VGR 0.75425
CTAS 0.756187
PNY 0.756829
HRS 0.756957
AGL 0.757817
NATL 0.758589
ADI 0.759959
HCC 0.760154
EIX 0.760204
APD 0.760477
CVX 0.760924
BANF 0.76166
WGL 0.763124
GPC 0.765089
COP 0.765237
PBI 0.766804
GGG 0.766848
BF-B 0.767631
UVV 0.768105
SCG 0.768582
WSM 0.769043
EXPD 0.769655
SWK 0.771241
WRE 0.772077
PRE 0.774177
FUL 0.774442
WR 0.775945
LSBK 0.776665
ED 0.776853
AWR 0.778311
MGRC 0.779483
LOW 0.783197
CWT 0.784067
ELS 0.784549
TAC 0.784552
WTR 0.785377
BMS 0.785436
SON 0.785517
FELE 0.785958
CTWS 0.786581
MDP 0.786643
BOKF 0.787168
PNR 0.78832
BDX 0.78956
TROW 0.790021
PH 0.790686
UL 0.791032
MCY 0.791736
D 0.793321
TNC 0.793384
VAL 0.794253
SYK 0.795065
ALTR 0.796305
BEN 0.796827
SYY 0.797352
MMM 0.797394
AVP 0.798732
VVC 0.799213
EV 0.801086
WABC 0.801136
BRC 0.80157
TDS 0.801734
UBSI 0.80194
ECL 0.803141
TEF 0.804021
NRP 0.806757
AIZ 0.808315
BG 0.808892
MDU 0.809591
TXN 0.809852
NE 0.811461
UN 0.811842
CB 0.811984
CBSH 0.812855
XOM 0.812971
NOC 0.814012
CFR 0.814453
LEG 0.815242
MSEX 0.816123
PPG 0.817302
WMB 0.819175
FDX 0.819218
GD 0.821617
NATI 0.823591
QCOM 0.824181
SJW 0.824233
UTX 0.825983
TR 0.827414
JW-A 0.828203
SWX 0.828584
ACE 0.829189
TRH 0.830803
DUK 0.83319
WMT 0.833328
DFG 0.833453
LLTC 0.83451
LNT 0.835055
AXS 0.835557
CAH 0.837449
EMR 0.837746
TIF 0.839415
BBY 0.842968
MCHP 0.843026
PG 0.84475
AFL 0.847192
KDN 0.847496
CL 0.847611
CSL 0.848294
TRV 0.848621
SEIC 0.850048
PEP 0.850649
ABM 0.850685
AVA 0.854799
DPL 0.855486
CLX 0.858015
HNZ 0.858334
TMK 0.858488
MHP 0.859513
EXLP 0.860306
IBM 0.862359
JKHY 0.864033
BKH 0.864614
JNJ 0.866514
ABT 0.868439
T 0.868875
POR 0.869846
CR 0.870196
CVS 0.876382
KR 0.876554
CINF 0.883834
COST 0.885522
MDT 0.886736
RHI 0.887963
TRI 0.88885
ALTE 0.890375
TGT 0.892259
WAG 0.895714
ITW 0.896272
VZ 0.896392
OKS 0.897557
AZN 0.902644
KMB 0.904055
MSFT 0.912056
CTL 0.915265
DOV 0.917961
ADP 0.925177
AMP 0.941474
Click to enlarge


It is interesting that prices some companies almost independent from broad market presented by SPY.