DB vs ING: Correlation
How closely do Deutsche Bank AG (DB) and ING Group, N.V. (ING) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DB and ING?
On 3 years of weekly data the DB/ING correlation comes out at 0.73, strong. Lately the two have moved closer together, with the 1-year correlation at 0.84 versus 0.73 over 3 years. The 5-year figure is 0.76, and annualized covariance runs at 654.2 %².
Few assets follow DB as closely as ING, which ranks #2 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months ING outperformed by 34.0 percentage points (+18.5% for DB against +52.5% for ING).
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.
DB vs ING: side by side
| DB (Deutsche Bank AG) | ING (ING Group, N.V.) | |
|---|---|---|
| 1-year return | +18.5% | +52.5% |
| 5-year return | +278.5% | +269.9% |
| Volatility (ann.) | 32.7% | 27.5% |
| Beta vs S&P 500 | 1.08 | 0.94 |
| Max drawdown (3Y) | -29.7% | -19.9% |
| Market cap | $75.3B | $100.1B |
| P/E (trailing) | 10.5 | 13.2 |
| Dividend yield | 2.49% | 3.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DB | ING |
|---|---|---|
| 2022 | -5.9% | -4.2% |
| 2023 | +21.3% | +31.9% |
| 2024 | +29.5% | +12.2% |
| 2025 | +132.4% | +88.3% |
| 2026 | +7.7% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DB and ING good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DB and ING?
The DB/ING correlation stands at 0.73 on a 3-year window (1 year: 0.84, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is ING a good diversifier for DB?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 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/db-vs-ing.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/db-vs-ing/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DB correlations · ING correlations
