DORM vs TPB: Correlation
How closely do Dorman Products, Inc. (DORM) and Turning Point Brands, Inc. (TPB) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DORM and TPB?
Across a 3-year window, the weekly returns of DORM and TPB correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 644.0 %².
Among the 14 assets we track against DORM, TPB ranks #7 by 3-year correlation. Over the last 12 months TPB came out ahead by 7.4 percentage points (-21.6% against -14.2%).
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.
DORM vs TPB: side by side
| DORM (Dorman Products, Inc.) | TPB (Turning Point Brands, Inc.) | |
|---|---|---|
| 1-year return | -21.6% | -14.2% |
| 5-year return | +34.2% | +74.4% |
| Volatility (ann.) | 31.5% | 44.7% |
| Beta vs S&P 500 | 0.78 | 0.76 |
| Max drawdown (3Y) | -39.6% | -50.6% |
| Market cap | $3.8B | $1.7B |
| P/E (trailing) | 17.9 | 38.3 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DORM | TPB |
|---|---|---|
| 2022 | -28.4% | -42.2% |
| 2023 | +3.1% | +23.1% |
| 2024 | +55.3% | +130.1% |
| 2025 | -4.9% | +81.0% |
| 2026 | +4.1% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DORM and TPB good diversifiers for each other?
Reasonably. At 0.46, DORM and TPB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DORM and TPB?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.44 over the last year and 0.40 over 5 years.
Is TPB a good diversifier for DORM?
Reasonably. At 0.46, DORM and TPB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/dorm-vs-tpb.json
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Related comparisons
Hubs: DORM correlations · TPB correlations
