DDS vs M: Correlation
Dillard's, Inc. (DDS) and Macy's Inc (M) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDS and M?
Over the past 3 years, DDS and M moved with a correlation of 0.56, which is moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.56). Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 1133.6 %².
M is one of the assets that tracks DDS most closely: it ranks #2 out of the 11 assets we track against DDS. Their recent paths diverged sharply: over the last 12 months M outperformed by 51.6 percentage points (+20.2% for DDS against +71.8% for M).
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.
DDS vs M: side by side
| DDS (Dillard's, Inc.) | M (Macy's Inc) | |
|---|---|---|
| 1-year return | +20.2% | +71.8% |
| 5-year return | +310.3% | +21.5% |
| Volatility (ann.) | 41.0% | 49.3% |
| Beta vs S&P 500 | 1.06 | 1.06 |
| Max drawdown (3Y) | -42.0% | -51.3% |
| Market cap | – | $5.9B |
| P/E (trailing) | 14.5 | 9.4 |
| Dividend yield | 0.09% | 3.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDS | M |
|---|---|---|
| 2022 | +38.7% | -18.7% |
| 2023 | +32.1% | +1.6% |
| 2024 | +13.5% | -12.4% |
| 2025 | +46.8% | +36.5% |
| 2026 | +4.1% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDS and M good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DDS and M?
The DDS/M correlation stands at 0.56 on a 3-year window (1 year: 0.68, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is M a good diversifier for DDS?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DDS correlations · M correlations
