DBGI vs LBRT: Correlation
How closely do Digital Brands Group, Inc. (DBGI) and Liberty Energy Inc. (LBRT) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBGI and LBRT?
Across a 3-year window, the weekly returns of DBGI and LBRT correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.27). Stretching to 5 years gives -0.20, with an annualized covariance of -17216.2 %².
By 3-year correlation, LBRT places #19 of the 28 assets tracked against DBGI. The last year tells two different stories: LBRT led by 103.1 percentage points, -29.2% for DBGI against +73.9% for LBRT. Risk is not evenly split, since DBGI carries 20.2 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.
DBGI vs LBRT: side by side
| DBGI (Digital Brands Group, Inc.) | LBRT (Liberty Energy Inc.) | |
|---|---|---|
| 1-year return | -29.2% | +73.9% |
| 5-year return | -100.0% | +101.9% |
| Volatility (ann.) | 1127.2% | 55.9% |
| Beta vs S&P 500 | -1.93 | 0.91 |
| Max drawdown (3Y) | -100.0% | -58.8% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 25.0 |
| Dividend yield | 0.00% | 1.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBGI | LBRT |
|---|---|---|
| 2022 | -98.2% | +65.6% |
| 2023 | -96.9% | +14.8% |
| 2024 | -98.9% | +11.2% |
| 2025 | +610.8% | -4.9% |
| 2026 | -43.1% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBGI and LBRT good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DBGI and LBRT?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.44 over the last year and -0.20 over 5 years.
Is LBRT a good diversifier for DBGI?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dbgi-vs-lbrt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dbgi-vs-lbrt/)
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Related comparisons
Hubs: DBGI correlations · LBRT correlations
