DLTR vs EL: Correlation
Dollar Tree (DLTR) and Estée Lauder Companies (The) (EL) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLTR and EL?
Across a 3-year window, the weekly returns of DLTR and EL correlate at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 525.9 %².
By 3-year correlation, EL places #17 of the 32 assets tracked against DLTR. Neither side won the trailing year by much: +12.5% against +16.4%. The rolling one-year correlation moved between 0.16 and 0.43 over the past three years, a moderate range.
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 EL: side by side
| DLTR (Dollar Tree) | EL (Estée Lauder Companies (The)) | |
|---|---|---|
| 1-year return | +12.5% | +16.4% |
| 5-year return | +39.7% | -66.7% |
| Volatility (ann.) | 37.3% | 47.0% |
| Beta vs S&P 500 | 0.70 | 1.28 |
| Max drawdown (3Y) | -59.2% | -68.4% |
| Market cap | $23.8B | $38.4B |
| P/E (trailing) | 21.2 | 208.3 |
| Dividend yield | 0.00% | 1.33% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | DLTR | EL |
|---|---|---|
| 2022 | +0.7% | -32.3% |
| 2023 | +0.4% | -40.1% |
| 2024 | -47.2% | -47.6% |
| 2025 | +64.1% | +42.1% |
| 2026 | +3.2% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTR and EL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DLTR and EL?
The DLTR/EL correlation stands at 0.30 on a 3-year window (1 year: 0.28, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is EL a good diversifier for DLTR?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/dltr-vs-el.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dltr-vs-el/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DLTR correlations · EL correlations
