DBRG vs TGL: Correlation
Measured on weekly returns over the past three years, DigitalBridge Group, Inc. (DBRG) and Treasure Global Inc. (TGL) 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 TGL?
Across a 3-year window, the weekly returns of DBRG and TGL correlate at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.36 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 2997.9 %².
TGL is close to the least connected end of DBRG's tracked universe, ranking #10 of 14. Correlation aside, the last 12 months split them widely, with DBRG ahead by 129.9 points (+39.9% versus -90.0%). Note the risk asymmetry: TGL runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TGL: side by side
| DBRG (DigitalBridge Group, Inc.) | TGL (Treasure Global Inc.) | |
|---|---|---|
| 1-year return | +39.9% | -90.0% |
| 5-year return | -41.3% | n/a |
| Volatility (ann.) | 53.7% | 155.0% |
| Beta vs S&P 500 | 1.50 | 0.73 |
| Max drawdown (3Y) | -67.0% | -100.0% |
| Market cap | $3.0B | – |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 0.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBRG | TGL |
|---|---|---|
| 2022 | -67.1% | – |
| 2023 | +60.8% | -94.8% |
| 2024 | -35.5% | -97.2% |
| 2025 | +36.5% | -96.5% |
| 2026 | +4.2% | -58.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBRG and TGL 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 TGL?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.63 over the last year and 0.33 over 5 years.
Is TGL 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?
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-tgl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dbrg-vs-tgl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DBRG correlations · TGL correlations
