CNM vs DBI: Correlation
How closely do Core & Main, Inc. (CNM) and Designer Brands Inc. (DBI) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNM and DBI?
On 3 years of weekly data the CNM/DBI correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 1544.4 %².
Among the 17 assets we track against CNM, DBI ranks #6 by 3-year correlation. The last year tells two different stories: DBI led by 84.0 percentage points, -33.5% for CNM against +50.5% for DBI. Risk is not evenly split, since DBI carries 2.1 times the volatility of the other side.
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.
CNM vs DBI: side by side
| CNM (Core & Main, Inc.) | DBI (Designer Brands Inc.) | |
|---|---|---|
| 1-year return | -33.5% | +50.5% |
| 5-year return | +63.1% | -60.6% |
| Volatility (ann.) | 39.7% | 82.9% |
| Beta vs S&P 500 | 1.19 | 1.72 |
| Max drawdown (3Y) | -38.7% | -81.7% |
| Market cap | $8.5B | $0.3B |
| P/E (trailing) | 18.4 | 26.0 |
| Dividend yield | 0.00% | 3.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNM | DBI |
|---|---|---|
| 2022 | -36.4% | -30.1% |
| 2023 | +109.3% | -7.7% |
| 2024 | +26.0% | -38.0% |
| 2025 | +2.1% | +46.5% |
| 2026 | -15.8% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNM and DBI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNM and DBI?
The CNM/DBI correlation stands at 0.47 on a 3-year window (1 year: 0.55, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is DBI a good diversifier for CNM?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/cnm-vs-dbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnm-vs-dbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNM correlations · DBI correlations
