DLTR vs EDSA: Correlation
How closely do Dollar Tree (DLTR) and Edesa Biotech, Inc. (EDSA) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLTR and EDSA?
Across a 3-year window, the weekly returns of DLTR and EDSA correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.19 over 3 years. Stretching to 5 years gives -0.10, with an annualized covariance of -1336.5 %².
Among the 32 assets we track against DLTR, EDSA ranks #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EDSA ahead by 79.2 points (+12.5% versus +91.7%). One caveat on sizing: EDSA is 5.1 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.
DLTR vs EDSA: side by side
| DLTR (Dollar Tree) | EDSA (Edesa Biotech, Inc.) | |
|---|---|---|
| 1-year return | +12.5% | +91.7% |
| 5-year return | +39.7% | -87.4% |
| Volatility (ann.) | 37.3% | 190.4% |
| Beta vs S&P 500 | 0.70 | -0.03 |
| Max drawdown (3Y) | -59.2% | -87.3% |
| Market cap | $23.8B | – |
| P/E (trailing) | 21.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DLTR | EDSA |
|---|---|---|
| 2022 | +0.7% | -61.6% |
| 2023 | +0.4% | -69.8% |
| 2024 | -47.2% | -63.2% |
| 2025 | +64.1% | -15.5% |
| 2026 | +3.2% | +223.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTR and EDSA good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DLTR and EDSA?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.33 over the last year and -0.10 over 5 years.
Is EDSA a good diversifier for DLTR?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/dltr-vs-edsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dltr-vs-edsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DLTR correlations · EDSA correlations
