DG vs HRL: Correlation
Dollar General (DG) and Hormel Foods (HRL) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DG and HRL?
On 3 years of weekly data the DG/HRL correlation comes out at 0.22, weak. The link has tightened recently: the 1-year correlation (0.44) runs above the 3-year figure (0.22). The 5-year figure is 0.22, and annualized covariance runs at 219.7 %².
By 3-year correlation, HRL places #19 of the 32 assets tracked against DG. Their recent paths diverged sharply: over the last 12 months DG outperformed by 38.3 percentage points (+15.5% for DG against -22.8% for HRL). The relationship is regime-dependent: the rolling one-year correlation swung between -0.29 and 0.49 over the past three years, so this pair behaves very differently depending on the market environment.
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 HRL: side by side
| DG (Dollar General) | HRL (Hormel Foods) | |
|---|---|---|
| 1-year return | +15.5% | -22.8% |
| 5-year return | -39.3% | -44.3% |
| Volatility (ann.) | 38.5% | 26.1% |
| Beta vs S&P 500 | 0.11 | 0.07 |
| Max drawdown (3Y) | -56.6% | -44.5% |
| Market cap | $27.8B | – |
| P/E (trailing) | 17.4 | 28.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | DG | HRL |
|---|---|---|
| 2022 | +5.6% | -4.7% |
| 2023 | -44.1% | -27.5% |
| 2024 | -43.1% | +1.2% |
| 2025 | +79.6% | -21.3% |
| 2026 | -3.8% | -6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DG and HRL good diversifiers for each other?
Reasonably. At 0.22, DG and HRL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DG and HRL?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.44 over the last year and 0.22 over 5 years.
Is HRL a good diversifier for DG?
Reasonably. At 0.22, DG and HRL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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
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Related comparisons
Hubs: DG correlations · HRL correlations
