DBGI vs SAFT: Correlation
How closely do Digital Brands Group, Inc. (DBGI) and Safety Insurance Group, Inc. (SAFT) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBGI and SAFT?
Across a 3-year window, the weekly returns of DBGI and SAFT correlate at 0.72, strong. The link has tightened recently: the 1-year correlation (0.90) runs above the 3-year figure (0.72). Stretching to 5 years gives 0.62, with an annualized covariance of 25112.6 %².
By 3-year correlation, SAFT places #9 of the 28 assets tracked against DBGI. Their recent paths diverged sharply: over the last 12 months SAFT outperformed by 78.0 percentage points (-29.2% for DBGI against +48.8% for SAFT). Note the risk asymmetry: DBGI runs 36.6 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.
DBGI vs SAFT: side by side
| DBGI (Digital Brands Group, Inc.) | SAFT (Safety Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | -29.2% | +48.8% |
| 5-year return | -100.0% | +58.1% |
| Volatility (ann.) | 1127.2% | 30.8% |
| Beta vs S&P 500 | -1.93 | 0.17 |
| Max drawdown (3Y) | -100.0% | -20.1% |
| Market cap | – | $1.5B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 0.00% | 3.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBGI | SAFT |
|---|---|---|
| 2022 | -98.2% | +3.1% |
| 2023 | -96.9% | -5.4% |
| 2024 | -98.9% | +13.3% |
| 2025 | +610.8% | -0.8% |
| 2026 | -43.1% | +36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBGI and SAFT good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DBGI and SAFT?
As of 2026-08-27, the correlation of weekly returns between DBGI and SAFT is 0.72 over 3 years, 0.90 over 1 year and 0.62 over 5 years.
Is SAFT a good diversifier for DBGI?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 mean?
A reading of 0.72 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dbgi-vs-saft.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dbgi-vs-saft/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DBGI correlations · SAFT correlations
