DG vs GROY: Correlation
Measured on weekly returns over the past three years, Dollar General (DG) and Gold Royalty Corp. (GROY) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DG and GROY?
On 3 years of weekly data the DG/GROY correlation comes out at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.21, and annualized covariance runs at 637.8 %².
By 3-year correlation, GROY places #14 of the 32 assets tracked against DG. The trailing year gives DG the advantage: +15.5% versus +4.3%, a 11.2-point spread.
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 GROY: side by side
| DG (Dollar General) | GROY (Gold Royalty Corp.) | |
|---|---|---|
| 1-year return | +15.5% | +4.3% |
| 5-year return | -39.3% | -15.6% |
| Volatility (ann.) | 38.5% | 55.2% |
| Beta vs S&P 500 | 0.11 | 1.04 |
| Max drawdown (3Y) | -56.6% | -51.6% |
| Market cap | $27.8B | $0.8B |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DG | GROY |
|---|---|---|
| 2022 | +5.6% | -52.0% |
| 2023 | -44.1% | -36.3% |
| 2024 | -43.1% | -17.7% |
| 2025 | +79.6% | +233.9% |
| 2026 | -3.8% | -15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DG and GROY good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DG and GROY?
As of 2026-08-27, the correlation of weekly returns between DG and GROY is 0.30 over 3 years, 0.35 over 1 year and 0.21 over 5 years.
Is GROY a good diversifier for DG?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 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-groy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dg-vs-groy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DG correlations · GROY correlations
