DBGI vs SLND: Correlation
Measured on weekly returns over the past three years, Digital Brands Group, Inc. (DBGI) and Southland Holdings, Inc. (SLND) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBGI and SLND?
Across a 3-year window, the weekly returns of DBGI and SLND correlate at -0.33, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.38 over 1 year against -0.33 over 3. Stretching to 5 years gives -0.31, with an annualized covariance of -30117.6 %².
Within DBGI's tracked universe of 28 assets, SLND comes in at #23 by 3-year correlation. The last year tells two different stories: DBGI led by 54.8 percentage points, -29.2% for DBGI against -84.0% for SLND. Risk is not evenly split, since DBGI carries 14.1 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 SLND: side by side
| DBGI (Digital Brands Group, Inc.) | SLND (Southland Holdings, Inc.) | |
|---|---|---|
| 1-year return | -29.2% | -84.0% |
| 5-year return | -100.0% | -93.4% |
| Volatility (ann.) | 1127.2% | 80.0% |
| Beta vs S&P 500 | -1.93 | 0.62 |
| Max drawdown (3Y) | -100.0% | -92.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBGI | SLND |
|---|---|---|
| 2022 | -98.2% | +2.9% |
| 2023 | -96.9% | -49.5% |
| 2024 | -98.9% | -37.0% |
| 2025 | +610.8% | +2.2% |
| 2026 | -43.1% | -80.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBGI and SLND good diversifiers for each other?
Yes. With a correlation of -0.33, DBGI and SLND have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DBGI and SLND?
As of 2026-08-27, the correlation of weekly returns between DBGI and SLND is -0.33 over 3 years, -0.38 over 1 year and -0.31 over 5 years.
Is SLND a good diversifier for DBGI?
Yes. With a correlation of -0.33, DBGI and SLND have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DBGI correlations · SLND correlations
