DBGI vs SSTK: Correlation
How closely do Digital Brands Group, Inc. (DBGI) and Shutterstock, Inc. (SSTK) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBGI and SSTK?
Over the past 3 years, DBGI and SSTK moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.28 over 3 years. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -15675.9 %².
Within DBGI's tracked universe of 28 assets, SSTK comes in at #21 by 3-year correlation. The last year tells two different stories: DBGI led by 41.9 percentage points, -29.2% for DBGI against -71.1% for SSTK. Note the risk asymmetry: DBGI runs 22.5 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 SSTK: side by side
| DBGI (Digital Brands Group, Inc.) | SSTK (Shutterstock, Inc.) | |
|---|---|---|
| 1-year return | -29.2% | -71.1% |
| 5-year return | -100.0% | -94.3% |
| Volatility (ann.) | 1127.2% | 50.0% |
| Beta vs S&P 500 | -1.93 | 1.21 |
| Max drawdown (3Y) | -100.0% | -88.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 24.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBGI | SSTK |
|---|---|---|
| 2022 | -98.2% | -51.7% |
| 2023 | -96.9% | -6.4% |
| 2024 | -98.9% | -35.1% |
| 2025 | +610.8% | -32.7% |
| 2026 | -43.1% | -69.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBGI and SSTK good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between DBGI and SSTK?
The DBGI/SSTK correlation stands at -0.28 on a 3-year window (1 year: -0.39, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is SSTK a good diversifier for DBGI?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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-sstk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dbgi-vs-sstk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DBGI correlations · SSTK correlations
