DKS vs GRML: Correlation
Measured on weekly returns over the past three years, Dick's Sporting Goods Inc (DKS) and Greenland Mines Ltd (GRML) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKS and GRML?
On 3 years of weekly data the DKS/GRML correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.64) runs below the 3-year figure (-0.38). The 5-year figure is -0.31, and annualized covariance runs at -23739.2 %².
Among the 18 assets we track against DKS, GRML sits near the bottom by co-movement, at rank #16. The last year tells two different stories: GRML led by 660.8 percentage points, -40.3% for DKS against +620.5% for GRML. One caveat on sizing: GRML is 35.7 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 GRML: side by side
| DKS (Dick's Sporting Goods Inc) | GRML (Greenland Mines Ltd) | |
|---|---|---|
| 1-year return | -40.3% | +620.5% |
| 5-year return | +8.3% | -46.8% |
| Volatility (ann.) | 41.9% | 1495.4% |
| Beta vs S&P 500 | 1.33 | 2.17 |
| Max drawdown (3Y) | -48.5% | -99.0% |
| 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 | GRML |
|---|---|---|
| 2022 | +6.6% | – |
| 2023 | +25.9% | +6.3% |
| 2024 | +58.9% | -95.5% |
| 2025 | -11.5% | -40.4% |
| 2026 | -32.6% | +1720.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKS and GRML good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between DKS and GRML?
As of 2026-08-27, the correlation of weekly returns between DKS and GRML is -0.38 over 3 years, -0.64 over 1 year and -0.31 over 5 years.
Is GRML a good diversifier for DKS?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 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/dks-vs-grml.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dks-vs-grml/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DKS correlations · GRML correlations
