ALTO vs DSGR: Correlation
Alto Ingredients, Inc. (ALTO) and Distribution Solutions Group, Inc. (DSGR) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTO and DSGR?
Over the past 3 years, ALTO and DSGR moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.28). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1186.4 %².
Among the 15 assets we track against ALTO, DSGR sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months ALTO outperformed by 283.2 percentage points (+289.5% for ALTO against +6.3% for DSGR). Risk is not evenly split, since ALTO carries 2.1 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.
ALTO vs DSGR: side by side
| ALTO (Alto Ingredients, Inc.) | DSGR (Distribution Solutions Group, Inc.) | |
|---|---|---|
| 1-year return | +289.5% | +6.3% |
| 5-year return | -16.4% | +32.4% |
| Volatility (ann.) | 93.7% | 45.6% |
| Beta vs S&P 500 | 0.15 | 0.72 |
| Max drawdown (3Y) | -84.1% | -52.7% |
| Market cap | $0.3B | $1.6B |
| P/E (trailing) | 6.1 | 183.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALTO | DSGR |
|---|---|---|
| 2022 | -40.1% | -32.7% |
| 2023 | -7.6% | +71.2% |
| 2024 | -41.4% | +9.0% |
| 2025 | +84.6% | -20.4% |
| 2026 | +42.0% | +27.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTO and DSGR good diversifiers for each other?
Yes. With a correlation of -0.28, ALTO and DSGR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALTO and DSGR?
As of 2026-08-27, the correlation of weekly returns between ALTO and DSGR is -0.28 over 3 years, -0.41 over 1 year and -0.13 over 5 years.
Is DSGR a good diversifier for ALTO?
Yes. With a correlation of -0.28, ALTO and DSGR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alto-vs-dsgr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alto-vs-dsgr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALTO correlations · DSGR correlations
