DBRG vs SWBI: Correlation
Measured on weekly returns over the past three years, DigitalBridge Group, Inc. (DBRG) and Smith & Wesson Brands, Inc. (SWBI) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBRG and SWBI?
Over the past 3 years, DBRG and SWBI moved with a correlation of 0.36, which is moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.36). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 769.1 %².
Among the 14 assets we track against DBRG, SWBI ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SWBI outperformed by 26.5 percentage points (+39.9% for DBRG against +66.4% for SWBI).
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 SWBI: side by side
| DBRG (DigitalBridge Group, Inc.) | SWBI (Smith & Wesson Brands, Inc.) | |
|---|---|---|
| 1-year return | +39.9% | +66.4% |
| 5-year return | -41.3% | -34.9% |
| Volatility (ann.) | 53.7% | 39.8% |
| Beta vs S&P 500 | 1.50 | 0.30 |
| Max drawdown (3Y) | -67.0% | -54.2% |
| Market cap | $3.0B | $0.6B |
| P/E (trailing) | 10.0 | 32.7 |
| Dividend yield | 0.25% | 3.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBRG | SWBI |
|---|---|---|
| 2022 | -67.1% | -49.6% |
| 2023 | +60.8% | +62.2% |
| 2024 | -35.5% | -22.5% |
| 2025 | +36.5% | +3.1% |
| 2026 | +4.2% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBRG and SWBI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DBRG and SWBI?
The DBRG/SWBI correlation stands at 0.36 on a 3-year window (1 year: 0.61, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is SWBI a good diversifier for DBRG?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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-swbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dbrg-vs-swbi/)
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Related comparisons
Hubs: DBRG correlations · SWBI correlations
