DCGO vs FG: Correlation
DocGo Inc. (DCGO) and F&G Annuities & Life, Inc. (FG) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCGO and FG?
On 3 years of weekly data the DCGO/FG correlation comes out at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.38 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 1113.0 %².
FG is one of the assets that tracks DCGO most closely: it ranks #3 out of the 10 assets we track against DCGO. Their recent paths diverged sharply: over the last 12 months FG outperformed by 44.7 percentage points (-74.4% for DCGO against -29.7% for FG). One caveat on sizing: DCGO is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DCGO vs FG: side by side
| DCGO (DocGo Inc.) | FG (F&G Annuities & Life, Inc.) | |
|---|---|---|
| 1-year return | -74.4% | -29.7% |
| 5-year return | -95.8% | n/a |
| Volatility (ann.) | 69.8% | 42.0% |
| Beta vs S&P 500 | 1.31 | 1.02 |
| Max drawdown (3Y) | -95.7% | -56.2% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 7.7 |
| Dividend yield | 0.00% | 4.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCGO | FG |
|---|---|---|
| 2022 | -24.4% | – |
| 2023 | -20.9% | +137.1% |
| 2024 | -24.2% | -8.0% |
| 2025 | -79.3% | -23.6% |
| 2026 | -52.8% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCGO and FG good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DCGO and FG?
The DCGO/FG correlation stands at 0.38 on a 3-year window (1 year: 0.53, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is FG a good diversifier for DCGO?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dcgo-vs-fg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dcgo-vs-fg/)
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Related comparisons
Hubs: DCGO correlations · FG correlations
