DOLE vs PCB: Correlation
Dole plc (DOLE) and PCB Bancorp (PCB) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOLE and PCB?
Over the past 3 years, DOLE and PCB moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 302.1 %².
PCB is one of the assets that tracks DOLE most closely: it ranks #2 out of the 13 assets we track against DOLE. Correlation aside, the last 12 months split them widely, with PCB ahead by 34.6 points (-5.5% versus +29.1%).
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.
DOLE vs PCB: side by side
| DOLE (Dole plc) | PCB (PCB Bancorp) | |
|---|---|---|
| 1-year return | -5.5% | +29.1% |
| 5-year return | -3.9% | +74.8% |
| Volatility (ann.) | 24.2% | 26.3% |
| Beta vs S&P 500 | 0.28 | 0.69 |
| Max drawdown (3Y) | -27.7% | -22.8% |
| Market cap | $1.3B | $0.4B |
| P/E (trailing) | 18.5 | 9.5 |
| Dividend yield | 2.49% | 3.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOLE | PCB |
|---|---|---|
| 2022 | -25.3% | -17.0% |
| 2023 | +30.8% | +8.9% |
| 2024 | +12.8% | +14.6% |
| 2025 | +12.0% | +11.2% |
| 2026 | -7.6% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOLE and PCB good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DOLE and PCB?
The DOLE/PCB correlation stands at 0.48 on a 3-year window (1 year: 0.43, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is PCB a good diversifier for DOLE?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/dole-vs-pcb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dole-vs-pcb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DOLE correlations · PCB correlations
