DCOM vs VLY: Correlation
How closely do Dime Commercial Bancshares, Inc. (DCOM) and Valley National Bancorp (VLY) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCOM and VLY?
Across a 3-year window, the weekly returns of DCOM and VLY correlate at 0.82, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.67) runs below the 3-year figure (0.82). Stretching to 5 years gives 0.79, with an annualized covariance of 900.6 %².
Within DCOM's tracked universe of 15 assets, VLY comes in at #6 by 3-year correlation. Their 12-month results are close: +36.1% for DCOM against +37.9% for VLY.
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.
DCOM vs VLY: side by side
| DCOM (Dime Commercial Bancshares, Inc.) | VLY (Valley National Bancorp) | |
|---|---|---|
| 1-year return | +36.1% | +37.9% |
| 5-year return | +46.6% | +32.9% |
| Volatility (ann.) | 33.3% | 32.8% |
| Beta vs S&P 500 | 0.87 | 0.93 |
| Max drawdown (3Y) | -36.0% | -39.5% |
| Market cap | $1.8B | $7.7B |
| P/E (trailing) | 14.6 | 11.9 |
| Dividend yield | 2.48% | 3.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCOM | VLY |
|---|---|---|
| 2022 | -6.8% | -14.6% |
| 2023 | -11.5% | +0.7% |
| 2024 | +19.0% | -11.9% |
| 2025 | +1.4% | +34.8% |
| 2026 | +37.1% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCOM and VLY good diversifiers for each other?
No: a correlation of 0.82 means DCOM and VLY tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DCOM and VLY?
As of 2026-08-27, the correlation of weekly returns between DCOM and VLY is 0.82 over 3 years, 0.67 over 1 year and 0.79 over 5 years.
Is VLY a good diversifier for DCOM?
No: a correlation of 0.82 means DCOM and VLY tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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/dcom-vs-vly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dcom-vs-vly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DCOM correlations · VLY correlations
