CG vs DBRG: Correlation
How closely do The Carlyle Group Inc. (CG) and DigitalBridge Group, Inc. (DBRG) 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 CG and DBRG?
On 3 years of weekly data the CG/DBRG correlation comes out at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.45 over 3 years. The 5-year figure is 0.49, and annualized covariance runs at 880.4 %².
By 3-year correlation, DBRG places #16 of the 21 assets tracked against CG. The last year tells two different stories: DBRG led by 61.7 percentage points, -21.8% for CG against +39.9% for DBRG.
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.
CG vs DBRG: side by side
| CG (The Carlyle Group Inc.) | DBRG (DigitalBridge Group, Inc.) | |
|---|---|---|
| 1-year return | -21.8% | +39.9% |
| 5-year return | +18.0% | -41.3% |
| Volatility (ann.) | 36.8% | 53.7% |
| Beta vs S&P 500 | 1.68 | 1.50 |
| Max drawdown (3Y) | -40.4% | -67.0% |
| Market cap | $17.5B | $3.0B |
| P/E (trailing) | 50.8 | 10.0 |
| Dividend yield | 2.86% | 0.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CG | DBRG |
|---|---|---|
| 2022 | -43.8% | -67.1% |
| 2023 | +42.6% | +60.8% |
| 2024 | +28.1% | -35.5% |
| 2025 | +20.2% | +36.5% |
| 2026 | -14.9% | +4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CG and DBRG good diversifiers for each other?
Reasonably. At 0.45, CG and DBRG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CG and DBRG?
As of 2026-08-27, the correlation of weekly returns between CG and DBRG is 0.45 over 3 years, 0.27 over 1 year and 0.49 over 5 years.
Is DBRG a good diversifier for CG?
Reasonably. At 0.45, CG and DBRG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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.
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Related comparisons
Hubs: CG correlations · DBRG correlations
