BH vs DLTR: Correlation
Measured on weekly returns over the past three years, Biglari Holdings Inc. (BH) and Dollar Tree (DLTR) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BH and DLTR?
Over the past 3 years, BH and DLTR moved with a correlation of 0.39, which is moderate. The past 12 months show a tighter link (0.50) than the 3-year average (0.39). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 653.0 %².
By 3-year correlation, DLTR places #6 of the 12 assets tracked against BH. On 12-month performance BH holds a 7.1-point edge, +19.6% against +12.5%.
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.
BH vs DLTR: side by side
| BH (Biglari Holdings Inc.) | DLTR (Dollar Tree) | |
|---|---|---|
| 1-year return | +19.6% | +12.5% |
| 5-year return | +115.0% | +39.7% |
| Volatility (ann.) | 45.1% | 37.3% |
| Beta vs S&P 500 | 0.45 | 0.70 |
| Max drawdown (3Y) | -48.0% | -59.2% |
| Market cap | $1.2B | $23.8B |
| P/E (trailing) | – | 21.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BH | DLTR |
|---|---|---|
| 2022 | -2.6% | +0.7% |
| 2023 | +18.8% | +0.4% |
| 2024 | +54.2% | -47.2% |
| 2025 | +30.7% | +64.1% |
| 2026 | +14.0% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BH and DLTR good diversifiers for each other?
Reasonably. At 0.39, BH and DLTR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BH and DLTR?
As of 2026-08-27, the correlation of weekly returns between BH and DLTR is 0.39 over 3 years, 0.50 over 1 year and 0.29 over 5 years.
Is DLTR a good diversifier for BH?
Reasonably. At 0.39, BH and DLTR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/bh-vs-dltr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bh-vs-dltr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BH correlations · DLTR correlations
