BEAT vs DBI: Correlation
How closely do Heartbeam, Inc. (BEAT) and Designer Brands Inc. (DBI) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAT and DBI?
On 3 years of weekly data the BEAT/DBI correlation comes out at 0.45, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.45 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 5639.0 %².
Within BEAT's tracked universe of 16 assets, DBI comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DBI outperformed by 109.3 percentage points (-58.8% for BEAT against +50.5% for DBI). Risk is not evenly split, since BEAT carries 1.8 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.
BEAT vs DBI: side by side
| BEAT (Heartbeam, Inc.) | DBI (Designer Brands Inc.) | |
|---|---|---|
| 1-year return | -58.8% | +50.5% |
| 5-year return | -89.6% | -60.6% |
| Volatility (ann.) | 152.8% | 82.9% |
| Beta vs S&P 500 | 0.65 | 1.72 |
| Max drawdown (3Y) | -86.1% | -81.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 26.0 |
| Dividend yield | 0.00% | 3.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEAT | DBI |
|---|---|---|
| 2022 | +58.4% | -30.1% |
| 2023 | -51.8% | -7.7% |
| 2024 | -2.1% | -38.0% |
| 2025 | +4.3% | +46.5% |
| 2026 | -79.8% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAT and DBI good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BEAT and DBI?
The BEAT/DBI correlation stands at 0.45 on a 3-year window (1 year: 0.65, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is DBI a good diversifier for BEAT?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/beat-vs-dbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/beat-vs-dbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BEAT correlations · DBI correlations
