DBI vs GLAS: Correlation
Designer Brands Inc. (DBI) and Glass House Brands Inc. Subordinate Voting Shares (GLAS) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBI and GLAS?
On 3 years of weekly data the DBI/GLAS correlation comes out at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 2042.3 %².
By 3-year correlation, GLAS places #8 of the 15 assets tracked against DBI. The last year tells two different stories: DBI led by 31.8 percentage points, +50.5% for DBI against +18.7% for GLAS.
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.
DBI vs GLAS: side by side
| DBI (Designer Brands Inc.) | GLAS (Glass House Brands Inc. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +50.5% | +18.7% |
| 5-year return | -60.6% | +124.8% |
| Volatility (ann.) | 82.9% | 62.8% |
| Beta vs S&P 500 | 1.72 | 0.87 |
| Max drawdown (3Y) | -81.7% | -61.4% |
| Market cap | $0.3B | $0.9B |
| P/E (trailing) | 26.0 | – |
| Dividend yield | 3.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBI | GLAS |
|---|---|---|
| 2022 | -30.1% | -50.2% |
| 2023 | -7.7% | +147.6% |
| 2024 | -38.0% | +22.6% |
| 2025 | +46.5% | +52.6% |
| 2026 | -25.1% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBI and GLAS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DBI and GLAS?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.44 over the last year and 0.27 over 5 years.
Is GLAS a good diversifier for DBI?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/dbi-vs-glas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dbi-vs-glas/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DBI correlations · GLAS correlations
