DBGI vs TSLA: Correlation
How closely do Digital Brands Group, Inc. (DBGI) and Tesla, Inc. (TSLA) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBGI and TSLA?
On 3 years of weekly data the DBGI/TSLA correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.18 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -10993.1 %².
By 3-year correlation, TSLA places #15 of the 28 assets tracked against DBGI. The last year tells two different stories: TSLA led by 30.7 percentage points, -29.2% for DBGI against +1.5% for TSLA. Note the risk asymmetry: DBGI runs 20.9 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 TSLA: side by side
| DBGI (Digital Brands Group, Inc.) | TSLA (Tesla, Inc.) | |
|---|---|---|
| 1-year return | -29.2% | +1.5% |
| 5-year return | -100.0% | +45.6% |
| Volatility (ann.) | 1127.2% | 53.9% |
| Beta vs S&P 500 | -1.93 | 1.87 |
| Max drawdown (3Y) | -100.0% | -53.8% |
| Market cap | – | $1,401.3B |
| P/E (trailing) | – | 322.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | DBGI | TSLA |
|---|---|---|
| 2022 | -98.2% | -65.0% |
| 2023 | -96.9% | +101.7% |
| 2024 | -98.9% | +62.5% |
| 2025 | +610.8% | +11.4% |
| 2026 | -43.1% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBGI and TSLA good diversifiers for each other?
Yes. With a correlation of -0.18, DBGI and TSLA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DBGI and TSLA?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.43 over the last year and -0.12 over 5 years.
Is TSLA a good diversifier for DBGI?
Yes. With a correlation of -0.18, DBGI and TSLA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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.
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Related comparisons
Hubs: DBGI correlations · TSLA correlations
