DG vs OGG: Correlation
Dollar General (DG) and Osisko Gold Group Inc. (OGG) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DG and OGG?
Across a 3-year window, the weekly returns of DG and OGG correlate at 0.31, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.31 over 3. Stretching to 5 years gives 0.21, with an annualized covariance of 753.6 %².
Within DG's tracked universe of 32 assets, OGG comes in at #12 by 3-year correlation. Neither side won the trailing year by much: +15.5% against +13.2%. Note the risk asymmetry: OGG runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 OGG: side by side
| DG (Dollar General) | OGG (Osisko Gold Group Inc.) | |
|---|---|---|
| 1-year return | +15.5% | +13.2% |
| 5-year return | -39.3% | -73.6% |
| Volatility (ann.) | 38.5% | 63.4% |
| Beta vs S&P 500 | 0.11 | 1.12 |
| Max drawdown (3Y) | -56.6% | -65.8% |
| Market cap | $27.8B | $1.0B |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DG | OGG |
|---|---|---|
| 2022 | +5.6% | -55.5% |
| 2023 | -44.1% | -32.3% |
| 2024 | -43.1% | -44.0% |
| 2025 | +79.6% | +114.1% |
| 2026 | -3.8% | -9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DG and OGG good diversifiers for each other?
Reasonably. At 0.31, DG and OGG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DG and OGG?
The DG/OGG correlation stands at 0.31 on a 3-year window (1 year: 0.39, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is OGG a good diversifier for DG?
Reasonably. At 0.31, DG and OGG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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-ogg.json
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Related comparisons
Hubs: DG correlations · OGG correlations
