CF vs DG: Correlation
CF Industries (CF) and Dollar General (DG) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and DG?
Over the past 3 years, CF and DG moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.23). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -285.1 %².
Within CF's tracked universe of 50 assets, DG comes in at #40 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CF ahead by 33.1 points (+48.6% versus +15.5%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.42 to 0.10.
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.
CF vs DG: side by side
| CF (CF Industries) | DG (Dollar General) | |
|---|---|---|
| 1-year return | +48.6% | +15.5% |
| 5-year return | +211.5% | -39.3% |
| Volatility (ann.) | 32.8% | 38.5% |
| Beta vs S&P 500 | -0.20 | 0.11 |
| Max drawdown (3Y) | -29.2% | -56.6% |
| Market cap | $19.0B | $27.8B |
| P/E (trailing) | 9.3 | 17.4 |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Materials | Consumer Staples |
Year-by-year returns
| Year | CF | DG |
|---|---|---|
| 2022 | +22.3% | +5.6% |
| 2023 | -4.7% | -44.1% |
| 2024 | +10.1% | -43.1% |
| 2025 | -7.2% | +79.6% |
| 2026 | +64.9% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and DG good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CF and DG?
The CF/DG correlation stands at -0.23 on a 3-year window (1 year: -0.34, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is DG a good diversifier for CF?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cf-vs-dg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cf-vs-dg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CF correlations · DG correlations
