DKS vs GAME: Correlation
How closely do Dick's Sporting Goods Inc (DKS) and GameSquare Holdings, Inc. (GAME) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKS and GAME?
Across a 3-year window, the weekly returns of DKS and GAME correlate at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.60 versus -0.34 over 3 years. Stretching to 5 years gives -0.27, with an annualized covariance of -5722.5 %².
Among the 18 assets we track against DKS, GAME ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GAME outperformed by 347.4 percentage points (-40.3% for DKS against +307.1% for GAME). One caveat on sizing: GAME is 9.5 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.
DKS vs GAME: side by side
| DKS (Dick's Sporting Goods Inc) | GAME (GameSquare Holdings, Inc.) | |
|---|---|---|
| 1-year return | -40.3% | +307.1% |
| 5-year return | +8.3% | -88.4% |
| Volatility (ann.) | 41.9% | 398.8% |
| Beta vs S&P 500 | 1.33 | 1.64 |
| Max drawdown (3Y) | -48.5% | -90.7% |
| Market cap | $11.8B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DKS | GAME |
|---|---|---|
| 2022 | +6.6% | -67.8% |
| 2023 | +25.9% | -53.8% |
| 2024 | +58.9% | -54.4% |
| 2025 | -11.5% | -53.3% |
| 2026 | -32.6% | +736.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKS and GAME good diversifiers for each other?
Yes. With a correlation of -0.34, DKS and GAME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DKS and GAME?
The DKS/GAME correlation stands at -0.34 on a 3-year window (1 year: -0.60, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is GAME a good diversifier for DKS?
Yes. With a correlation of -0.34, DKS and GAME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/dks-vs-game.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dks-vs-game/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DKS correlations · GAME correlations
