ABUS vs DCX: Correlation
How closely do Arbutus Biopharma Corporation (ABUS) and Digital Currency X Technology Inc. - Class A (DCX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABUS and DCX?
On 3 years of weekly data the ABUS/DCX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. The 5-year figure is -0.16, and annualized covariance runs at -1462.3 %².
Out of 11 assets tracked against ABUS, DCX lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months ABUS outperformed by 141.6 percentage points (+41.6% for ABUS against -100.0% for DCX). One caveat on sizing: DCX is 4.0 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.
ABUS vs DCX: side by side
| ABUS (Arbutus Biopharma Corporation) | DCX (Digital Currency X Technology Inc. - Class A) | |
|---|---|---|
| 1-year return | +41.6% | -100.0% |
| 5-year return | +53.0% | -100.0% |
| Volatility (ann.) | 41.5% | 165.4% |
| Beta vs S&P 500 | 0.46 | 2.11 |
| Max drawdown (3Y) | -36.8% | -100.0% |
| Market cap | $1.0B | $0.3B |
| P/E (trailing) | 6.5 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABUS | DCX |
|---|---|---|
| 2022 | -40.1% | – |
| 2023 | +7.3% | -93.3% |
| 2024 | +30.8% | -89.0% |
| 2025 | +47.1% | -99.8% |
| 2026 | +7.5% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABUS and DCX good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABUS and DCX?
As of 2026-08-27, the correlation of weekly returns between ABUS and DCX is -0.21 over 3 years, -0.28 over 1 year and -0.16 over 5 years.
Is DCX a good diversifier for ABUS?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: ABUS correlations · DCX correlations
