ATER vs DBGI: Correlation
How closely do Aterian, Inc. (ATER) and Digital Brands Group, Inc. (DBGI) trade together? Their weekly returns over three years give a correlation of -0.43, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATER and DBGI?
Over the past 3 years, ATER and DBGI moved with a correlation of -0.43, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.63 versus -0.43 over 3 years. Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -43933.8 %².
Among the 10 assets we track against ATER, DBGI sits near the bottom by co-movement, at rank #9. The last year tells two different stories: DBGI led by 32.0 percentage points, -61.2% for ATER against -29.2% for DBGI. Risk is not evenly split, since DBGI carries 12.5 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.
ATER vs DBGI: side by side
| ATER (Aterian, Inc.) | DBGI (Digital Brands Group, Inc.) | |
|---|---|---|
| 1-year return | -61.2% | -29.2% |
| 5-year return | -99.5% | -100.0% |
| Volatility (ann.) | 90.5% | 1127.2% |
| Beta vs S&P 500 | 1.58 | -1.93 |
| Max drawdown (3Y) | -94.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATER | DBGI |
|---|---|---|
| 2022 | -81.3% | -98.2% |
| 2023 | -54.7% | -96.9% |
| 2024 | -42.7% | -98.9% |
| 2025 | -71.0% | +610.8% |
| 2026 | -43.6% | -43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATER and DBGI good diversifiers for each other?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ATER and DBGI?
As of 2026-08-27, the correlation of weekly returns between ATER and DBGI is -0.43 over 3 years, -0.63 over 1 year and -0.28 over 5 years.
Is DBGI a good diversifier for ATER?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.43 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/ater-vs-dbgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ater-vs-dbgi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATER correlations · DBGI correlations
