DLTR vs ZCMD: Correlation
How closely do Dollar Tree (DLTR) and Zhongchao Inc. - Class A (ZCMD) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLTR and ZCMD?
Over the past 3 years, DLTR and ZCMD moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -976.1 %².
Among the 32 assets we track against DLTR, ZCMD ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DLTR outperformed by 112.4 percentage points (+12.5% for DLTR against -99.9% for ZCMD). Risk is not evenly split, since ZCMD carries 3.8 times the volatility of the other side.
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 ZCMD: side by side
| DLTR (Dollar Tree) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +12.5% | -99.9% |
| 5-year return | +39.7% | -100.0% |
| Volatility (ann.) | 37.3% | 141.8% |
| Beta vs S&P 500 | 0.70 | 0.59 |
| Max drawdown (3Y) | -59.2% | -100.0% |
| 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 | ZCMD |
|---|---|---|
| 2022 | +0.7% | -35.4% |
| 2023 | +0.4% | -69.5% |
| 2024 | -47.2% | -53.8% |
| 2025 | +64.1% | -72.2% |
| 2026 | +3.2% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTR and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between DLTR and ZCMD?
As of 2026-08-27, the correlation of weekly returns between DLTR and ZCMD is -0.18 over 3 years, -0.27 over 1 year and -0.13 over 5 years.
Is ZCMD a good diversifier for DLTR?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dltr-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DLTR correlations · ZCMD correlations
