CHR vs DLTH: Correlation
Cheer Holding, Inc. - Class A (CHR) and Duluth Holdings Inc. (DLTH) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHR and DLTH?
On 3 years of weekly data the CHR/DLTH correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. The 5-year figure is -0.21, and annualized covariance runs at -1381.3 %².
Within CHR's tracked universe of 20 assets, DLTH comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DLTH outperformed by 161.2 percentage points (-98.9% for CHR against +62.3% for DLTH).
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.
CHR vs DLTH: side by side
| CHR (Cheer Holding, Inc. - Class A) | DLTH (Duluth Holdings Inc.) | |
|---|---|---|
| 1-year return | -98.9% | +62.3% |
| 5-year return | -100.0% | -76.9% |
| Volatility (ann.) | 89.2% | 69.4% |
| Beta vs S&P 500 | 0.17 | 0.64 |
| Max drawdown (3Y) | -99.8% | -77.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHR | DLTH |
|---|---|---|
| 2022 | +23.7% | -59.3% |
| 2023 | -78.5% | -12.9% |
| 2024 | -20.7% | -42.6% |
| 2025 | -99.0% | -32.7% |
| 2026 | -52.6% | +77.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHR and DLTH good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHR and DLTH?
As of 2026-08-27, the correlation of weekly returns between CHR and DLTH is -0.22 over 3 years, -0.32 over 1 year and -0.21 over 5 years.
Is DLTH a good diversifier for CHR?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/chr-vs-dlth.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chr-vs-dlth/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHR correlations · DLTH correlations
