CNM vs DLTR: Correlation
Measured on weekly returns over the past three years, Core & Main, Inc. (CNM) and Dollar Tree (DLTR) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNM and DLTR?
Over the past 3 years, CNM and DLTR moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 624.1 %².
By 3-year correlation, DLTR places #9 of the 17 assets tracked against CNM. Their recent paths diverged sharply: over the last 12 months DLTR outperformed by 46.0 percentage points (-33.5% for CNM against +12.5% for DLTR).
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 DLTR: side by side
| CNM (Core & Main, Inc.) | DLTR (Dollar Tree) | |
|---|---|---|
| 1-year return | -33.5% | +12.5% |
| 5-year return | +63.1% | +39.7% |
| Volatility (ann.) | 39.7% | 37.3% |
| Beta vs S&P 500 | 1.19 | 0.70 |
| Max drawdown (3Y) | -38.7% | -59.2% |
| Market cap | $8.5B | $23.8B |
| P/E (trailing) | 18.4 | 21.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CNM | DLTR |
|---|---|---|
| 2022 | -36.4% | +0.7% |
| 2023 | +109.3% | +0.4% |
| 2024 | +26.0% | -47.2% |
| 2025 | +2.1% | +64.1% |
| 2026 | -15.8% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNM and DLTR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNM and DLTR?
As of 2026-08-27, the correlation of weekly returns between CNM and DLTR is 0.42 over 3 years, 0.39 over 1 year and 0.35 over 5 years.
Is DLTR a good diversifier for CNM?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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-dltr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnm-vs-dltr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNM correlations · DLTR correlations
