CVR vs DBI: Correlation
Chicago Rivet & Machine Co. (CVR) and Designer Brands Inc. (DBI) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVR and DBI?
On 3 years of weekly data the CVR/DBI correlation comes out at 0.33, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.48 versus 0.33 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 1377.8 %².
Few assets follow CVR as closely as DBI, which ranks #2 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months DBI outperformed by 49.5 percentage points (+1.0% for CVR against +50.5% for DBI). Note the risk asymmetry: DBI runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CVR vs DBI: side by side
| CVR (Chicago Rivet & Machine Co.) | DBI (Designer Brands Inc.) | |
|---|---|---|
| 1-year return | +1.0% | +50.5% |
| 5-year return | -56.4% | -60.6% |
| Volatility (ann.) | 50.8% | 82.9% |
| Beta vs S&P 500 | 0.97 | 1.72 |
| Max drawdown (3Y) | -58.1% | -81.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 26.0 |
| Dividend yield | 0.87% | 3.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVR | DBI |
|---|---|---|
| 2022 | +12.5% | -30.1% |
| 2023 | -39.0% | -7.7% |
| 2024 | -4.8% | -38.0% |
| 2025 | -11.3% | +46.5% |
| 2026 | -27.2% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVR and DBI good diversifiers for each other?
Reasonably. At 0.33, CVR and DBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CVR and DBI?
As of 2026-08-27, the correlation of weekly returns between CVR and DBI is 0.33 over 3 years, 0.48 over 1 year and 0.29 over 5 years.
Is DBI a good diversifier for CVR?
Reasonably. At 0.33, CVR and DBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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/cvr-vs-dbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvr-vs-dbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVR correlations · DBI correlations
