DBI vs PETS: Correlation
Measured on weekly returns over the past three years, Designer Brands Inc. (DBI) and PetMed Express, Inc. (PETS) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBI and PETS?
On 3 years of weekly data the DBI/PETS correlation comes out at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.60 versus 0.43 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 2620.7 %².
Within DBI's tracked universe of 15 assets, PETS comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DBI ahead by 92.0 points (+50.5% versus -41.5%).
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 PETS: side by side
| DBI (Designer Brands Inc.) | PETS (PetMed Express, Inc.) | |
|---|---|---|
| 1-year return | +50.5% | -41.5% |
| 5-year return | -60.6% | -92.7% |
| Volatility (ann.) | 82.9% | 72.9% |
| Beta vs S&P 500 | 1.72 | 1.10 |
| Max drawdown (3Y) | -81.7% | -86.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 26.0 | – |
| Dividend yield | 3.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBI | PETS |
|---|---|---|
| 2022 | -30.1% | -25.8% |
| 2023 | -7.7% | -54.8% |
| 2024 | -38.0% | -36.2% |
| 2025 | +46.5% | -33.6% |
| 2026 | -25.1% | -42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBI and PETS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DBI and PETS?
As of 2026-08-27, the correlation of weekly returns between DBI and PETS is 0.43 over 3 years, 0.60 over 1 year and 0.41 over 5 years.
Is PETS a good diversifier for DBI?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dbi-vs-pets.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dbi-vs-pets/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DBI correlations · PETS correlations
