BANL vs DBGI: Correlation
CBL International Limited - Class B (BANL) and Digital Brands Group, Inc. (DBGI) show a very strong relationship: their 3-year correlation of weekly returns is 0.97.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANL and DBGI?
Over the past 3 years, BANL and DBGI moved with a correlation of 0.97, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.98 over 1 year against 0.97 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 837336.2 %².
DBGI is one of the assets that tracks BANL most closely: it ranks #1 out of the 10 assets we track against BANL. The last year tells two different stories: BANL led by 2019.7 percentage points, +1990.5% for BANL against -29.2% for DBGI.
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.
BANL vs DBGI: side by side
| BANL (CBL International Limited - Class B) | DBGI (Digital Brands Group, Inc.) | |
|---|---|---|
| 1-year return | +1990.5% | -29.2% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 767.2% | 1127.2% |
| Beta vs S&P 500 | -1.45 | -1.93 |
| Max drawdown (3Y) | -85.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANL | DBGI |
|---|---|---|
| 2022 | – | -98.2% |
| 2023 | – | -96.9% |
| 2024 | -31.3% | -98.9% |
| 2025 | -55.9% | +610.8% |
| 2026 | +2911.2% | -43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANL and DBGI good diversifiers for each other?
No. With a correlation of 0.97, BANL and DBGI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BANL and DBGI?
The BANL/DBGI correlation stands at 0.97 on a 3-year window (1 year: 0.98, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is DBGI a good diversifier for BANL?
No. With a correlation of 0.97, BANL and DBGI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.97 mean?
On the −1 to +1 scale, 0.97 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/banl-vs-dbgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banl-vs-dbgi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BANL correlations · DBGI correlations
