DLTR vs MOV: Correlation
Measured on weekly returns over the past three years, Dollar Tree (DLTR) and Movado Group Inc. (MOV) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLTR and MOV?
Over the past 3 years, DLTR and MOV moved with a correlation of 0.45, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.45 over 3 years. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 654.4 %².
MOV is one of the assets that tracks DLTR most closely: it ranks #3 out of the 32 assets we track against DLTR. Correlation aside, the last 12 months split them widely, with MOV ahead by 96.7 points (+12.5% versus +109.2%).
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 MOV: side by side
| DLTR (Dollar Tree) | MOV (Movado Group Inc.) | |
|---|---|---|
| 1-year return | +12.5% | +109.2% |
| 5-year return | +39.7% | +29.6% |
| Volatility (ann.) | 37.3% | 39.1% |
| Beta vs S&P 500 | 0.70 | 1.15 |
| Max drawdown (3Y) | -59.2% | -55.1% |
| Market cap | $23.8B | $0.8B |
| P/E (trailing) | 21.2 | 19.4 |
| Dividend yield | 0.00% | 2.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DLTR | MOV |
|---|---|---|
| 2022 | +0.7% | -19.7% |
| 2023 | +0.4% | +2.0% |
| 2024 | -47.2% | -30.6% |
| 2025 | +64.1% | +13.9% |
| 2026 | +3.2% | +71.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTR and MOV good diversifiers for each other?
Reasonably. At 0.45, DLTR and MOV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DLTR and MOV?
As of 2026-08-27, the correlation of weekly returns between DLTR and MOV is 0.45 over 3 years, 0.57 over 1 year and 0.45 over 5 years.
Is MOV a good diversifier for DLTR?
Reasonably. At 0.45, DLTR and MOV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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-mov.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dltr-vs-mov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DLTR correlations · MOV correlations
