CSGP vs DGZ: Correlation
Measured on weekly returns over the past three years, CoStar Group (CSGP) and DB Gold Short ETN due February 15, 2038 (DGZ) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSGP and DGZ?
Over the past 3 years, CSGP and DGZ moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.19 over 3. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -194.9 %².
Among the 34 assets we track against CSGP, DGZ sits near the bottom by co-movement, at rank #30. Their recent paths diverged sharply: over the last 12 months DGZ outperformed by 38.4 percentage points (-65.0% for CSGP against -26.6% for DGZ).
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.
CSGP vs DGZ: side by side
| CSGP (CoStar Group) | DGZ (DB Gold Short ETN due February 15, 2038) | |
|---|---|---|
| 1-year return | -65.0% | -26.6% |
| 5-year return | -62.7% | -50.3% |
| Volatility (ann.) | 36.5% | 28.3% |
| Beta vs S&P 500 | 0.86 | -0.18 |
| Max drawdown (3Y) | -72.2% | -59.5% |
| Market cap | $12.7B | – |
| P/E (trailing) | 174.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CSGP | DGZ |
|---|---|---|
| 2022 | -2.2% | +4.9% |
| 2023 | +13.1% | -4.7% |
| 2024 | -18.1% | -16.5% |
| 2025 | -6.1% | -32.5% |
| 2026 | -53.4% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSGP and DGZ good diversifiers for each other?
Yes. With a correlation of -0.19, CSGP and DGZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CSGP and DGZ?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.28 over the last year and -0.16 over 5 years.
Is DGZ a good diversifier for CSGP?
Yes. With a correlation of -0.19, CSGP and DGZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/csgp-vs-dgz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csgp-vs-dgz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CSGP correlations · DGZ correlations
