DEI vs GOOD: Correlation
Measured on weekly returns over the past three years, Douglas Emmett, Inc. (DEI) and Gl (GOOD) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEI and GOOD?
Over the past 3 years, DEI and GOOD moved with a correlation of 0.67, which is strong. The link has loosened recently: the 1-year correlation (0.52) runs below the 3-year figure (0.67). Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 535.3 %².
Within DEI's tracked universe of 24 assets, GOOD comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GOOD outperformed by 29.3 percentage points (-21.1% for DEI against +8.2% for GOOD). One caveat on sizing: DEI is 1.6 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.
DEI vs GOOD: side by side
| DEI (Douglas Emmett, Inc.) | GOOD (Gl) | |
|---|---|---|
| 1-year return | -21.1% | +8.2% |
| 5-year return | -52.6% | -11.7% |
| Volatility (ann.) | 35.7% | 22.3% |
| Beta vs S&P 500 | 0.99 | 0.67 |
| Max drawdown (3Y) | -51.8% | -35.3% |
| Market cap | $2.4B | $0.6B |
| P/E (trailing) | – | 51.9 |
| Dividend yield | 6.35% | 9.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEI | GOOD |
|---|---|---|
| 2022 | -50.9% | -22.5% |
| 2023 | -1.9% | -21.6% |
| 2024 | +34.6% | +33.3% |
| 2025 | -37.5% | -28.1% |
| 2026 | +12.1% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEI and GOOD good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DEI and GOOD?
The DEI/GOOD correlation stands at 0.67 on a 3-year window (1 year: 0.52, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is GOOD a good diversifier for DEI?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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/dei-vs-good.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dei-vs-good/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DEI correlations · GOOD correlations
