DBRG vs HY: Correlation
Measured on weekly returns over the past three years, DigitalBridge Group, Inc. (DBRG) and Hyster-Yale, Inc. (HY) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBRG and HY?
On 3 years of weekly data the DBRG/HY correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 1086.4 %².
In DBRG's tracked universe of 14 assets, HY sits right near the top at #3. Correlation aside, the last 12 months split them widely, with DBRG ahead by 46.2 points (+39.9% versus -6.3%).
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.
DBRG vs HY: side by side
| DBRG (DigitalBridge Group, Inc.) | HY (Hyster-Yale, Inc.) | |
|---|---|---|
| 1-year return | +39.9% | -6.3% |
| 5-year return | -41.3% | -30.4% |
| Volatility (ann.) | 53.7% | 45.8% |
| Beta vs S&P 500 | 1.50 | 1.17 |
| Max drawdown (3Y) | -67.0% | -66.4% |
| Market cap | $3.0B | $0.6B |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 0.25% | 4.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBRG | HY |
|---|---|---|
| 2022 | -67.1% | -35.9% |
| 2023 | +60.8% | +153.4% |
| 2024 | -35.5% | -16.3% |
| 2025 | +36.5% | -39.5% |
| 2026 | +4.2% | +19.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBRG and HY good diversifiers for each other?
Reasonably. At 0.44, DBRG and HY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DBRG and HY?
The DBRG/HY correlation stands at 0.44 on a 3-year window (1 year: 0.47, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is HY a good diversifier for DBRG?
Reasonably. At 0.44, DBRG and HY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dbrg-vs-hy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dbrg-vs-hy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DBRG correlations · HY correlations
