BBSI vs DGP: Correlation
How closely do Barrett Business Services, Inc. (BBSI) and DB Gold Double Long ETN due February 15, 2038 (DGP) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBSI and DGP?
On 3 years of weekly data the BBSI/DGP correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. The 5-year figure is -0.05, and annualized covariance runs at -252.7 %².
By 3-year correlation, DGP places #11 of the 16 assets tracked against BBSI. Correlation aside, the last 12 months split them widely, with DGP ahead by 90.7 points (-28.8% versus +61.9%).
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.
BBSI vs DGP: side by side
| BBSI (Barrett Business Services, Inc.) | DGP (DB Gold Double Long ETN due February 15, 2038) | |
|---|---|---|
| 1-year return | -28.8% | +61.9% |
| 5-year return | +89.3% | +336.5% |
| Volatility (ann.) | 30.3% | 37.4% |
| Beta vs S&P 500 | 0.64 | 0.38 |
| Max drawdown (3Y) | -45.3% | -47.6% |
| Market cap | $0.8B | – |
| P/E (trailing) | 25.3 | – |
| Dividend yield | 0.94% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBSI | DGP |
|---|---|---|
| 2022 | +37.1% | -5.5% |
| 2023 | +25.8% | +17.0% |
| 2024 | +51.4% | +53.2% |
| 2025 | -16.0% | +141.4% |
| 2026 | -4.9% | +5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBSI and DGP good diversifiers for each other?
Yes. With a correlation of -0.22, BBSI and DGP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBSI and DGP?
The BBSI/DGP correlation stands at -0.22 on a 3-year window (1 year: -0.29, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is DGP a good diversifier for BBSI?
Yes. With a correlation of -0.22, BBSI and DGP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/bbsi-vs-dgp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbsi-vs-dgp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBSI correlations · DGP correlations
