DG vs EL: Correlation
Dollar General (DG) and Estée Lauder Companies (The) (EL) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DG and EL?
Across a 3-year window, the weekly returns of DG and EL correlate at 0.23, weak. Lately the two have moved closer together, with the 1-year correlation at 0.49 versus 0.23 over 3 years. Stretching to 5 years gives 0.23, with an annualized covariance of 411.2 %².
By 3-year correlation, EL places #17 of the 32 assets tracked against DG. Their 12-month results are close: +15.5% for DG against +16.4% for EL. This link changes with the market regime, having swung between -0.03 and 0.52 on a rolling one-year basis.
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.
DG vs EL: side by side
| DG (Dollar General) | EL (Estée Lauder Companies (The)) | |
|---|---|---|
| 1-year return | +15.5% | +16.4% |
| 5-year return | -39.3% | -66.7% |
| Volatility (ann.) | 38.5% | 47.0% |
| Beta vs S&P 500 | 0.11 | 1.28 |
| Max drawdown (3Y) | -56.6% | -68.4% |
| Market cap | $27.8B | $38.4B |
| P/E (trailing) | 17.4 | 208.3 |
| Dividend yield | 0.00% | 1.33% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | DG | EL |
|---|---|---|
| 2022 | +5.6% | -32.3% |
| 2023 | -44.1% | -40.1% |
| 2024 | -43.1% | -47.6% |
| 2025 | +79.6% | +42.1% |
| 2026 | -3.8% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DG and EL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DG and EL?
As of 2026-08-27, the correlation of weekly returns between DG and EL is 0.23 over 3 years, 0.49 over 1 year and 0.23 over 5 years.
Is EL a good diversifier for DG?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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/dg-vs-el.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dg-vs-el/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DG correlations · EL correlations
