DGICB vs RKT: Correlation
How closely do Donegal Group, Inc. (DGICB) and Rocket Companies, Inc. (RKT) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGICB and RKT?
Over the past 3 years, DGICB and RKT moved with a correlation of 0.29, which is weak. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 669.7 %².
Within DGICB's tracked universe of 19 assets, RKT comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DGICB ahead by 89.5 points (+68.3% versus -21.2%).
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 RKT: side by side
| DGICB (Donegal Group, Inc.) | RKT (Rocket Companies, Inc.) | |
|---|---|---|
| 1-year return | +68.3% | -21.2% |
| 5-year return | +82.3% | -7.5% |
| Volatility (ann.) | 41.5% | 55.4% |
| Beta vs S&P 500 | 0.15 | 1.02 |
| Max drawdown (3Y) | -30.3% | -50.6% |
| Market cap | $0.9B | $40.3B |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 3.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGICB | RKT |
|---|---|---|
| 2022 | +25.8% | -46.2% |
| 2023 | -6.8% | +106.9% |
| 2024 | +1.6% | -22.2% |
| 2025 | +30.8% | +81.7% |
| 2026 | +34.6% | -26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGICB and RKT good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DGICB and RKT?
The DGICB/RKT correlation stands at 0.29 on a 3-year window (1 year: 0.28, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is RKT a good diversifier for DGICB?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dgicb-vs-rkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgicb-vs-rkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DGICB correlations · RKT correlations
