DG vs SCZM: Correlation
How closely do Dollar General (DG) and Santacruz Silver Mining Ltd. (SCZM) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DG and SCZM?
Across a 3-year window, the weekly returns of DG and SCZM correlate at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Stretching to 5 years gives 0.17, with an annualized covariance of 1170.0 %².
By 3-year correlation, SCZM places #8 of the 32 assets tracked against DG. Correlation aside, the last 12 months split them widely, with SCZM ahead by 93.3 points (+15.5% versus +108.8%). One caveat on sizing: SCZM is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SCZM: side by side
| DG (Dollar General) | SCZM (Santacruz Silver Mining Ltd.) | |
|---|---|---|
| 1-year return | +15.5% | +108.8% |
| 5-year return | -39.3% | +818.6% |
| Volatility (ann.) | 38.5% | 96.4% |
| Beta vs S&P 500 | 0.11 | 1.72 |
| Max drawdown (3Y) | -56.6% | -63.2% |
| Market cap | $27.8B | $0.9B |
| P/E (trailing) | 17.4 | 21.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DG | SCZM |
|---|---|---|
| 2022 | +5.6% | +25.0% |
| 2023 | -44.1% | -38.3% |
| 2024 | -43.1% | +5.5% |
| 2025 | +79.6% | +1137.2% |
| 2026 | -3.8% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DG and SCZM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DG and SCZM?
The DG/SCZM correlation stands at 0.32 on a 3-year window (1 year: 0.31, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is SCZM a good diversifier for DG?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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-sczm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dg-vs-sczm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DG correlations · SCZM correlations
