DKS vs VCIG: Correlation
How closely do Dick's Sporting Goods Inc (DKS) and VCI Global Limited (VCIG) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKS and VCIG?
Across a 3-year window, the weekly returns of DKS and VCIG correlate at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.55 versus -0.33 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -10326.3 %².
Among the 18 assets we track against DKS, VCIG ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DKS outperformed by 59.5 percentage points (-40.3% for DKS against -99.8% for VCIG). One caveat on sizing: VCIG is 18.0 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 VCIG: side by side
| DKS (Dick's Sporting Goods Inc) | VCIG (VCI Global Limited) | |
|---|---|---|
| 1-year return | -40.3% | -99.8% |
| 5-year return | +8.3% | n/a |
| Volatility (ann.) | 41.9% | 754.7% |
| Beta vs S&P 500 | 1.33 | 3.93 |
| Max drawdown (3Y) | -48.5% | -100.0% |
| 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 | VCIG |
|---|---|---|
| 2022 | +6.6% | – |
| 2023 | +25.9% | – |
| 2024 | +58.9% | -98.4% |
| 2025 | -11.5% | -99.9% |
| 2026 | -32.6% | -91.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKS and VCIG good diversifiers for each other?
Yes. With a correlation of -0.33, DKS and VCIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DKS and VCIG?
The DKS/VCIG correlation stands at -0.33 on a 3-year window (1 year: -0.55, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VCIG a good diversifier for DKS?
Yes. With a correlation of -0.33, DKS and VCIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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.
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Related comparisons
Hubs: DKS correlations · VCIG correlations
