DG vs FIVE: Correlation
Measured on weekly returns over the past three years, Dollar General (DG) and Five Below, Inc. (FIVE) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DG and FIVE?
Over the past 3 years, DG and FIVE moved with a correlation of 0.33, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 638.8 %².
By 3-year correlation, FIVE places #6 of the 32 assets tracked against DG. Correlation aside, the last 12 months split them widely, with FIVE ahead by 55.5 points (+15.5% versus +71.0%).
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 FIVE: side by side
| DG (Dollar General) | FIVE (Five Below, Inc.) | |
|---|---|---|
| 1-year return | +15.5% | +71.0% |
| 5-year return | -39.3% | +15.1% |
| Volatility (ann.) | 38.5% | 50.8% |
| Beta vs S&P 500 | 0.11 | 1.42 |
| Max drawdown (3Y) | -56.6% | -74.1% |
| Market cap | $27.8B | $13.7B |
| P/E (trailing) | 17.4 | 31.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DG | FIVE |
|---|---|---|
| 2022 | +5.6% | -14.5% |
| 2023 | -44.1% | +20.5% |
| 2024 | -43.1% | -50.8% |
| 2025 | +79.6% | +79.5% |
| 2026 | -3.8% | +31.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DG and FIVE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DG and FIVE?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.43 over the last year and 0.38 over 5 years.
Is FIVE a good diversifier for DG?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dg-vs-five.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dg-vs-five/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DG correlations · FIVE correlations
