AGIG vs DBI: Correlation
Measured on weekly returns over the past three years, Abundia Global Impact Group Inc. (AGIG) and Designer Brands Inc. (DBI) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and DBI?
Over the past 3 years, AGIG and DBI moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.20) than the 3-year average (-0.31). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -4048.1 %².
Among the 34 assets we track against AGIG, DBI sits near the bottom by co-movement, at rank #33. Their recent paths diverged sharply: over the last 12 months DBI outperformed by 139.2 percentage points (-88.7% for AGIG against +50.5% for DBI). Risk is not evenly split, since AGIG carries 1.9 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.
AGIG vs DBI: side by side
| AGIG (Abundia Global Impact Group Inc.) | DBI (Designer Brands Inc.) | |
|---|---|---|
| 1-year return | -88.7% | +50.5% |
| 5-year return | -94.6% | -60.6% |
| Volatility (ann.) | 157.1% | 82.9% |
| Beta vs S&P 500 | -0.21 | 1.72 |
| Max drawdown (3Y) | -96.7% | -81.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 26.0 |
| Dividend yield | 0.00% | 3.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | DBI |
|---|---|---|
| 2022 | +140.6% | -30.1% |
| 2023 | -48.0% | -7.7% |
| 2024 | -27.9% | -38.0% |
| 2025 | -84.7% | +46.5% |
| 2026 | -51.0% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and DBI good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGIG and DBI?
The AGIG/DBI correlation stands at -0.31 on a 3-year window (1 year: -0.20, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is DBI a good diversifier for AGIG?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
A reading of -0.31 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/agig-vs-dbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agig-vs-dbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGIG correlations · DBI correlations
