DLTR vs FIVE: Correlation
Dollar Tree (DLTR) and Five Below, Inc. (FIVE) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLTR and FIVE?
Across a 3-year window, the weekly returns of DLTR and FIVE correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 771.2 %².
Among the 32 assets we track against DLTR, FIVE ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FIVE outperformed by 58.5 percentage points (+12.5% for DLTR against +71.0% for FIVE).
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 FIVE: side by side
| DLTR (Dollar Tree) | FIVE (Five Below, Inc.) | |
|---|---|---|
| 1-year return | +12.5% | +71.0% |
| 5-year return | +39.7% | +15.1% |
| Volatility (ann.) | 37.3% | 50.8% |
| Beta vs S&P 500 | 0.70 | 1.42 |
| Max drawdown (3Y) | -59.2% | -74.1% |
| Market cap | $23.8B | $13.7B |
| P/E (trailing) | 21.2 | 31.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DLTR | FIVE |
|---|---|---|
| 2022 | +0.7% | -14.5% |
| 2023 | +0.4% | +20.5% |
| 2024 | -47.2% | -50.8% |
| 2025 | +64.1% | +79.5% |
| 2026 | +3.2% | +31.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTR and FIVE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DLTR and FIVE?
The DLTR/FIVE correlation stands at 0.41 on a 3-year window (1 year: 0.44, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is FIVE a good diversifier for DLTR?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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-five.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dltr-vs-five/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DLTR correlations · FIVE correlations
