DBGI vs MSCI: Correlation
Digital Brands Group, Inc. (DBGI) and MSCI (MSCI) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBGI and MSCI?
Over the past 3 years, DBGI and MSCI moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.29). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -8157.9 %².
By 3-year correlation, MSCI places #22 of the 28 assets tracked against DBGI. Their recent paths diverged sharply: over the last 12 months MSCI outperformed by 30.5 percentage points (-29.2% for DBGI against +1.3% for MSCI). Risk is not evenly split, since DBGI carries 44.4 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 MSCI: side by side
| DBGI (Digital Brands Group, Inc.) | MSCI (MSCI) | |
|---|---|---|
| 1-year return | -29.2% | +1.3% |
| 5-year return | -100.0% | -5.6% |
| Volatility (ann.) | 1127.2% | 25.4% |
| Beta vs S&P 500 | -1.93 | 0.85 |
| Max drawdown (3Y) | -100.0% | -26.0% |
| Market cap | – | $41.4B |
| P/E (trailing) | – | 30.9 |
| Dividend yield | 0.00% | 1.36% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | DBGI | MSCI |
|---|---|---|
| 2022 | -98.2% | -23.3% |
| 2023 | -96.9% | +22.9% |
| 2024 | -98.9% | +7.3% |
| 2025 | +610.8% | -3.2% |
| 2026 | -43.1% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBGI and MSCI good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DBGI and MSCI?
The DBGI/MSCI correlation stands at -0.29 on a 3-year window (1 year: -0.42, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is MSCI a good diversifier for DBGI?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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/dbgi-vs-msci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dbgi-vs-msci/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DBGI correlations · MSCI correlations
