DG vs GEF: Correlation
How closely do Dollar General (DG) and Greif Inc. (GEF) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DG and GEF?
Across a 3-year window, the weekly returns of DG and GEF correlate at 0.31, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives 0.21, with an annualized covariance of 328.4 %².
Among the 32 assets we track against DG, GEF ranks #10 by 3-year correlation. The last year tells two different stories: GEF led by 17.4 percentage points, +15.5% for DG against +32.9% for GEF.
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 GEF: side by side
| DG (Dollar General) | GEF (Greif Inc.) | |
|---|---|---|
| 1-year return | +15.5% | +32.9% |
| 5-year return | -39.3% | +58.9% |
| Volatility (ann.) | 38.5% | 27.9% |
| Beta vs S&P 500 | 0.11 | 0.71 |
| Max drawdown (3Y) | -56.6% | -30.8% |
| Market cap | $27.8B | $4.8B |
| P/E (trailing) | 17.4 | 34.9 |
| Dividend yield | 0.00% | 4.84% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DG | GEF |
|---|---|---|
| 2022 | +5.6% | +14.5% |
| 2023 | -44.1% | +0.9% |
| 2024 | -43.1% | -3.6% |
| 2025 | +79.6% | +14.8% |
| 2026 | -3.8% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DG and GEF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DG and GEF?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.41 over the last year and 0.21 over 5 years.
Is GEF a good diversifier for DG?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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-gef.json
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[](https://www.pairbook.io/pair/dg-vs-gef/)
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Related comparisons
Hubs: DG correlations · GEF correlations
