AIT vs DSGR: Correlation
Applied Industrial Technologies, Inc. (AIT) and Distribution Solutions Group, Inc. (DSGR) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIT and DSGR?
Across a 3-year window, the weekly returns of AIT and DSGR correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.43 over 3. Stretching to 5 years gives 0.36, with an annualized covariance of 512.5 %².
Among the 26 assets we track against AIT, DSGR ranks #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AIT outperformed by 20.6 percentage points (+26.9% for AIT against +6.3% for DSGR). One caveat on sizing: DSGR 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.
AIT vs DSGR: side by side
| AIT (Applied Industrial Technologies, Inc.) | DSGR (Distribution Solutions Group, Inc.) | |
|---|---|---|
| 1-year return | +26.9% | +6.3% |
| 5-year return | +291.4% | +32.4% |
| Volatility (ann.) | 26.0% | 45.6% |
| Beta vs S&P 500 | 1.03 | 0.72 |
| Max drawdown (3Y) | -26.4% | -52.7% |
| Market cap | $12.4B | $1.6B |
| P/E (trailing) | 31.2 | 183.3 |
| Dividend yield | 0.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIT | DSGR |
|---|---|---|
| 2022 | +24.2% | -32.7% |
| 2023 | +38.4% | +71.2% |
| 2024 | +39.7% | +9.0% |
| 2025 | +8.0% | -20.4% |
| 2026 | +32.4% | +27.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIT and DSGR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AIT and DSGR?
The AIT/DSGR correlation stands at 0.43 on a 3-year window (1 year: 0.38, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is DSGR a good diversifier for AIT?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/ait-vs-dsgr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ait-vs-dsgr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIT correlations · DSGR correlations
