DBGI vs WLFC: Correlation
Measured on weekly returns over the past three years, Digital Brands Group, Inc. (DBGI) and Willis Lease Finance Corporation (WLFC) carry a correlation of -0.61, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBGI and WLFC?
Across a 3-year window, the weekly returns of DBGI and WLFC correlate at -0.61, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.76 versus -0.61 over 3 years. Stretching to 5 years gives -0.54, with an annualized covariance of -41986.1 %².
Out of 28 assets tracked against DBGI, WLFC lands near the bottom at #28. Their recent paths diverged sharply: over the last 12 months DBGI outperformed by 34.1 percentage points (-29.2% for DBGI against -63.3% for WLFC). Note the risk asymmetry: DBGI runs 18.4 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 WLFC: side by side
| DBGI (Digital Brands Group, Inc.) | WLFC (Willis Lease Finance Corporation) | |
|---|---|---|
| 1-year return | -29.2% | -63.3% |
| 5-year return | -100.0% | +47.2% |
| Volatility (ann.) | 1127.2% | 61.3% |
| Beta vs S&P 500 | -1.93 | 1.30 |
| Max drawdown (3Y) | -100.0% | -77.4% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 13.8 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBGI | WLFC |
|---|---|---|
| 2022 | -98.2% | +56.7% |
| 2023 | -96.9% | -17.2% |
| 2024 | -98.9% | +327.3% |
| 2025 | +610.8% | -34.5% |
| 2026 | -43.1% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBGI and WLFC good diversifiers for each other?
Yes. With a correlation of -0.61, DBGI and WLFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DBGI and WLFC?
The DBGI/WLFC correlation stands at -0.61 on a 3-year window (1 year: -0.76, 5 years: -0.54), computed from weekly returns as of 2026-08-27.
Is WLFC a good diversifier for DBGI?
Yes. With a correlation of -0.61, DBGI and WLFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.61 mean?
A reading of -0.61 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 · WLFC correlations
