AG vs DG: Correlation
Measured on weekly returns over the past three years, First Majestic Silver Corp. (AG) and Dollar General (DG) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AG and DG?
Over the past 3 years, AG and DG moved with a correlation of 0.30, which is moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 816.1 %².
Among the 27 assets we track against AG, DG ranks #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AG outperformed by 124.4 percentage points (+139.9% for AG against +15.5% for DG). One caveat on sizing: AG is 1.8 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.
AG vs DG: side by side
| AG (First Majestic Silver Corp.) | DG (Dollar General) | |
|---|---|---|
| 1-year return | +139.9% | +15.5% |
| 5-year return | +74.1% | -39.3% |
| Volatility (ann.) | 70.1% | 38.5% |
| Beta vs S&P 500 | 1.45 | 0.11 |
| Max drawdown (3Y) | -53.0% | -56.6% |
| Market cap | $10.7B | $27.8B |
| P/E (trailing) | 30.2 | 17.4 |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | AG | DG |
|---|---|---|
| 2022 | -24.7% | +5.6% |
| 2023 | -26.0% | -44.1% |
| 2024 | -10.5% | -43.1% |
| 2025 | +204.1% | +79.6% |
| 2026 | +30.7% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AG and DG good diversifiers for each other?
Reasonably. At 0.30, AG and DG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AG and DG?
The AG/DG correlation stands at 0.30 on a 3-year window (1 year: 0.29, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is DG a good diversifier for AG?
Reasonably. At 0.30, AG and DG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 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.
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Related comparisons
Hubs: AG correlations · DG correlations
