BHST vs DBGI: Correlation
BioHarvest Sciences Inc. (BHST) and Digital Brands Group, Inc. (DBGI) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHST and DBGI?
Over the past 3 years, BHST and DBGI moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -18107.6 %².
DBGI is close to the least connected end of BHST's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with DBGI ahead by 48.8 points (-78.0% versus -29.2%). One caveat on sizing: DBGI is 18.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BHST vs DBGI: side by side
| BHST (BioHarvest Sciences Inc.) | DBGI (Digital Brands Group, Inc.) | |
|---|---|---|
| 1-year return | -78.0% | -29.2% |
| 5-year return | -83.4% | -100.0% |
| Volatility (ann.) | 61.8% | 1127.2% |
| Beta vs S&P 500 | 0.85 | -1.93 |
| Max drawdown (3Y) | -85.4% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHST | DBGI |
|---|---|---|
| 2022 | -39.4% | -98.2% |
| 2023 | -27.5% | -96.9% |
| 2024 | +11.8% | -98.9% |
| 2025 | -16.0% | +610.8% |
| 2026 | -64.4% | -43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHST and DBGI good diversifiers for each other?
Yes. With a correlation of -0.26, BHST and DBGI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BHST and DBGI?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.35 over the last year and -0.17 over 5 years.
Is DBGI a good diversifier for BHST?
Yes. With a correlation of -0.26, BHST and DBGI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/bhst-vs-dbgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhst-vs-dbgi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BHST correlations · DBGI correlations
