CHDN vs DXLG: Correlation
How closely do Churchill Downs, Incorporated (CHDN) and Destination XL Group, Inc. (DXLG) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHDN and DXLG?
On 3 years of weekly data the CHDN/DXLG correlation comes out at 0.38, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.38 over 3. The 5-year figure is 0.32, and annualized covariance runs at 637.4 %².
Within CHDN's tracked universe of 11 assets, DXLG comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CHDN ahead by 34.4 points (-18.2% versus -52.6%). One caveat on sizing: DXLG is 2.2 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.
CHDN vs DXLG: side by side
| CHDN (Churchill Downs, Incorporated) | DXLG (Destination XL Group, Inc.) | |
|---|---|---|
| 1-year return | -18.2% | -52.6% |
| 5-year return | -16.1% | -88.2% |
| Volatility (ann.) | 27.4% | 60.4% |
| Beta vs S&P 500 | 0.72 | 1.31 |
| Max drawdown (3Y) | -43.9% | -90.8% |
| Market cap | $6.0B | – |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 0.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHDN | DXLG |
|---|---|---|
| 2022 | -12.0% | +18.8% |
| 2023 | +28.1% | -34.8% |
| 2024 | -0.7% | -38.9% |
| 2025 | -14.5% | -65.8% |
| 2026 | -24.0% | -32.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHDN and DXLG good diversifiers for each other?
Reasonably. At 0.38, CHDN and DXLG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHDN and DXLG?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.41 over the last year and 0.32 over 5 years.
Is DXLG a good diversifier for CHDN?
Reasonably. At 0.38, CHDN and DXLG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/chdn-vs-dxlg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chdn-vs-dxlg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHDN correlations · DXLG correlations
