DXLG vs PIPR: Correlation
Measured on weekly returns over the past three years, Destination XL Group, Inc. (DXLG) and Piper Sandler Companies (PIPR) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXLG and PIPR?
Across a 3-year window, the weekly returns of DXLG and PIPR correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.31, with an annualized covariance of 817.4 %².
PIPR is one of the assets that tracks DXLG most closely: it ranks #2 out of the 10 assets we track against DXLG. Correlation aside, the last 12 months split them widely, with PIPR ahead by 43.4 points (-52.6% versus -9.2%). Note the risk asymmetry: DXLG 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.
DXLG vs PIPR: side by side
| DXLG (Destination XL Group, Inc.) | PIPR (Piper Sandler Companies) | |
|---|---|---|
| 1-year return | -52.6% | -9.2% |
| 5-year return | -88.2% | +143.0% |
| Volatility (ann.) | 60.4% | 33.6% |
| Beta vs S&P 500 | 1.31 | 1.35 |
| Max drawdown (3Y) | -90.8% | -38.8% |
| Market cap | – | $5.3B |
| P/E (trailing) | – | 17.3 |
| Dividend yield | 0.00% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXLG | PIPR |
|---|---|---|
| 2022 | +18.8% | -23.4% |
| 2023 | -34.8% | +37.8% |
| 2024 | -38.9% | +74.2% |
| 2025 | -65.8% | +15.5% |
| 2026 | -32.5% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXLG and PIPR good diversifiers for each other?
Reasonably. At 0.40, DXLG and PIPR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DXLG and PIPR?
The DXLG/PIPR correlation stands at 0.40 on a 3-year window (1 year: 0.43, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is PIPR a good diversifier for DXLG?
Reasonably. At 0.40, DXLG and PIPR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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
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Related comparisons
Hubs: DXLG correlations · PIPR correlations
