DSGR vs DWSN: Correlation
How closely do Distribution Solutions Group, Inc. (DSGR) and Dawson Geophysical Company (DWSN) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGR and DWSN?
On 3 years of weekly data the DSGR/DWSN correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.27 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -1071.8 %².
DWSN is close to the least connected end of DSGR's tracked universe, ranking #12 of 15. Correlation aside, the last 12 months split them widely, with DWSN ahead by 87.2 points (+6.3% versus +93.5%). One caveat on sizing: DWSN is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DSGR vs DWSN: side by side
| DSGR (Distribution Solutions Group, Inc.) | DWSN (Dawson Geophysical Company) | |
|---|---|---|
| 1-year return | +6.3% | +93.5% |
| 5-year return | +32.4% | +93.2% |
| Volatility (ann.) | 45.6% | 86.8% |
| Beta vs S&P 500 | 0.72 | -0.14 |
| Max drawdown (3Y) | -52.7% | -64.3% |
| Market cap | $1.6B | $0.1B |
| P/E (trailing) | 183.3 | 27.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSGR | DWSN |
|---|---|---|
| 2022 | -32.7% | -15.5% |
| 2023 | +71.2% | -6.6% |
| 2024 | +9.0% | -14.2% |
| 2025 | -20.4% | +16.4% |
| 2026 | +27.2% | +108.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGR and DWSN good diversifiers for each other?
Yes. With a correlation of -0.27, DSGR and DWSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DSGR and DWSN?
As of 2026-08-27, the correlation of weekly returns between DSGR and DWSN is -0.27 over 3 years, -0.46 over 1 year and -0.20 over 5 years.
Is DWSN a good diversifier for DSGR?
Yes. With a correlation of -0.27, DSGR and DWSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dsgr-vs-dwsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsgr-vs-dwsn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DSGR correlations · DWSN correlations
