DSGR vs SLND: Correlation
How closely do Distribution Solutions Group, Inc. (DSGR) and Southland Holdings, Inc. (SLND) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGR and SLND?
On 3 years of weekly data the DSGR/SLND correlation comes out at 0.41, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.41 over 3. The 5-year figure is 0.28, and annualized covariance runs at 1480.0 %².
Among the 15 assets we track against DSGR, SLND ranks #5 by 3-year correlation. The last year tells two different stories: DSGR led by 90.3 percentage points, +6.3% for DSGR against -84.0% for SLND. Note the risk asymmetry: SLND runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SLND: side by side
| DSGR (Distribution Solutions Group, Inc.) | SLND (Southland Holdings, Inc.) | |
|---|---|---|
| 1-year return | +6.3% | -84.0% |
| 5-year return | +32.4% | -93.4% |
| Volatility (ann.) | 45.6% | 80.0% |
| Beta vs S&P 500 | 0.72 | 0.62 |
| Max drawdown (3Y) | -52.7% | -92.3% |
| Market cap | $1.6B | – |
| P/E (trailing) | 183.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSGR | SLND |
|---|---|---|
| 2022 | -32.7% | +2.9% |
| 2023 | +71.2% | -49.5% |
| 2024 | +9.0% | -37.0% |
| 2025 | -20.4% | +2.2% |
| 2026 | +27.2% | -80.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGR and SLND good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DSGR and SLND?
The DSGR/SLND correlation stands at 0.41 on a 3-year window (1 year: 0.48, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is SLND a good diversifier for DSGR?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: DSGR correlations · SLND correlations
