DG vs TGT: Correlation
Dollar General (DG) and Target Corporation (TGT) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DG and TGT?
Across a 3-year window, the weekly returns of DG and TGT correlate at 0.28, weak. The past 12 months show a tighter link (0.44) than the 3-year average (0.28). Stretching to 5 years gives 0.41, with an annualized covariance of 350.6 %².
Within DG's tracked universe of 32 assets, TGT comes in at #16 by 3-year correlation. The last year tells two different stories: TGT led by 60.7 percentage points, +15.5% for DG against +76.2% for TGT. On a rolling one-year basis the correlation drifted between 0.06 and 0.47, a moderate band.
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 TGT: side by side
| DG (Dollar General) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | +15.5% | +76.2% |
| 5-year return | -39.3% | -22.2% |
| Volatility (ann.) | 38.5% | 32.0% |
| Beta vs S&P 500 | 0.11 | 0.62 |
| Max drawdown (3Y) | -56.6% | -49.8% |
| Market cap | $27.8B | $75.4B |
| P/E (trailing) | 17.4 | 17.2 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | DG | TGT |
|---|---|---|
| 2022 | +5.6% | -34.2% |
| 2023 | -44.1% | -1.4% |
| 2024 | -43.1% | -2.3% |
| 2025 | +79.6% | -24.5% |
| 2026 | -3.8% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DG and TGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DG and TGT?
The DG/TGT correlation stands at 0.28 on a 3-year window (1 year: 0.44, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is TGT a good diversifier for DG?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 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.
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Related comparisons
Hubs: DG correlations · TGT correlations
