AGMH vs DRI: Correlation
How closely do AGM Group Holdings Inc. - Class A (AGMH) and Darden Restaurants (DRI) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGMH and DRI?
On 3 years of weekly data the AGMH/DRI correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.29). The 5-year figure is -0.21, and annualized covariance runs at -1704.9 %².
Among the 19 assets we track against AGMH, DRI sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months DRI outperformed by 58.6 percentage points (-53.0% for AGMH against +5.6% for DRI). Note the risk asymmetry: AGMH runs 9.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AGMH vs DRI: side by side
| AGMH (AGM Group Holdings Inc. - Class A) | DRI (Darden Restaurants) | |
|---|---|---|
| 1-year return | -53.0% | +5.6% |
| 5-year return | -99.8% | +66.1% |
| Volatility (ann.) | 233.6% | 25.2% |
| Beta vs S&P 500 | 2.39 | 0.52 |
| Max drawdown (3Y) | -99.3% | -23.9% |
| Market cap | – | $24.0B |
| P/E (trailing) | 2.9 | 21.0 |
| Dividend yield | 0.00% | 2.74% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | AGMH | DRI |
|---|---|---|
| 2022 | -31.2% | -4.8% |
| 2023 | +9.7% | +22.8% |
| 2024 | -16.6% | +17.7% |
| 2025 | -97.4% | +1.6% |
| 2026 | -51.6% | +17.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGMH and DRI good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGMH and DRI?
The AGMH/DRI correlation stands at -0.29 on a 3-year window (1 year: -0.42, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is DRI a good diversifier for AGMH?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGMH correlations · DRI correlations
