DGICB vs MTCH: Correlation
Measured on weekly returns over the past three years, Donegal Group, Inc. (DGICB) and Match Group, Inc. (MTCH) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGICB and MTCH?
On 3 years of weekly data the DGICB/MTCH correlation comes out at 0.28, weak. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. The 5-year figure is 0.15, and annualized covariance runs at 375.8 %².
By 3-year correlation, MTCH places #6 of the 19 assets tracked against DGICB. Correlation aside, the last 12 months split them widely, with DGICB ahead by 55.7 points (+68.3% versus +12.6%).
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.
DGICB vs MTCH: side by side
| DGICB (Donegal Group, Inc.) | MTCH (Match Group, Inc.) | |
|---|---|---|
| 1-year return | +68.3% | +12.6% |
| 5-year return | +82.3% | -69.2% |
| Volatility (ann.) | 41.5% | 32.0% |
| Beta vs S&P 500 | 0.15 | 0.49 |
| Max drawdown (3Y) | -30.3% | -41.6% |
| Market cap | $0.9B | $9.6B |
| P/E (trailing) | 12.1 | 14.9 |
| Dividend yield | 3.00% | 1.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGICB | MTCH |
|---|---|---|
| 2022 | +25.8% | -68.6% |
| 2023 | -6.8% | -12.0% |
| 2024 | +1.6% | -10.4% |
| 2025 | +30.8% | +1.0% |
| 2026 | +34.6% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGICB and MTCH good diversifiers for each other?
Reasonably. At 0.28, DGICB and MTCH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DGICB and MTCH?
The DGICB/MTCH correlation stands at 0.28 on a 3-year window (1 year: 0.32, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is MTCH a good diversifier for DGICB?
Reasonably. At 0.28, DGICB and MTCH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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[](https://www.pairbook.io/pair/dgicb-vs-mtch/)
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Related comparisons
Hubs: DGICB correlations · MTCH correlations
