DBRG vs TEX: Correlation
How closely do DigitalBridge Group, Inc. (DBRG) and Terex Corporation (TEX) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBRG and TEX?
Over the past 3 years, DBRG and TEX moved with a correlation of 0.44, which is moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.44). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 967.1 %².
Within DBRG's tracked universe of 14 assets, TEX comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DBRG ahead by 15.7 points (+39.9% versus +24.2%).
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 TEX: side by side
| DBRG (DigitalBridge Group, Inc.) | TEX (Terex Corporation) | |
|---|---|---|
| 1-year return | +39.9% | +24.2% |
| 5-year return | -41.3% | +31.7% |
| Volatility (ann.) | 53.7% | 41.0% |
| Beta vs S&P 500 | 1.50 | 1.38 |
| Max drawdown (3Y) | -67.0% | -51.3% |
| Market cap | $3.0B | $7.4B |
| P/E (trailing) | 10.0 | 31.2 |
| Dividend yield | 0.25% | 1.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBRG | TEX |
|---|---|---|
| 2022 | -67.1% | -1.4% |
| 2023 | +60.8% | +36.1% |
| 2024 | -35.5% | -18.6% |
| 2025 | +36.5% | +17.3% |
| 2026 | +4.2% | +21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBRG and TEX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DBRG and TEX?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.27 over the last year and 0.46 over 5 years.
Is TEX a good diversifier for DBRG?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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/dbrg-vs-tex.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dbrg-vs-tex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DBRG correlations · TEX correlations
