DG vs ICON: Correlation
How closely do Dollar General (DG) and Icon Energy Corp. (ICON) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DG and ICON?
Across a 3-year window, the weekly returns of DG and ICON correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.21). Stretching to 5 years gives n/a, with an annualized covariance of -1028.1 %².
By 3-year correlation, ICON places #27 of the 32 assets tracked against DG. The last year tells two different stories: DG led by 106.6 percentage points, +15.5% for DG against -91.1% for ICON. Risk is not evenly split, since ICON carries 3.0 times the volatility of the other side.
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 ICON: side by side
| DG (Dollar General) | ICON (Icon Energy Corp.) | |
|---|---|---|
| 1-year return | +15.5% | -91.1% |
| 5-year return | -39.3% | n/a |
| Volatility (ann.) | 38.5% | 114.3% |
| Beta vs S&P 500 | 0.11 | 2.01 |
| Max drawdown (3Y) | -56.6% | -99.9% |
| Market cap | $27.8B | – |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DG | ICON |
|---|---|---|
| 2022 | +5.6% | – |
| 2023 | -44.1% | – |
| 2024 | -43.1% | – |
| 2025 | +79.6% | -99.2% |
| 2026 | -3.8% | -71.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DG and ICON good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DG and ICON?
The DG/ICON correlation stands at -0.21 on a 3-year window (1 year: -0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ICON a good diversifier for DG?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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-icon.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dg-vs-icon/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DG correlations · ICON correlations
