ACHR vs DPRO: Correlation
How closely do Archer Aviation Inc. (ACHR) and Draganfly Inc. (DPRO) 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 ACHR and DPRO?
Across a 3-year window, the weekly returns of ACHR and DPRO correlate at 0.46, moderate. The past 12 months show a tighter link (0.72) than the 3-year average (0.46). Stretching to 5 years gives 0.36, with an annualized covariance of 4846.8 %².
Within ACHR's tracked universe of 26 assets, DPRO comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DPRO outperformed by 30.0 percentage points (-35.2% for ACHR against -5.2% for DPRO).
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.
ACHR vs DPRO: side by side
| ACHR (Archer Aviation Inc.) | DPRO (Draganfly Inc.) | |
|---|---|---|
| 1-year return | -35.2% | -5.2% |
| 5-year return | -40.7% | -93.9% |
| Volatility (ann.) | 87.9% | 118.7% |
| Beta vs S&P 500 | 3.18 | 2.21 |
| Max drawdown (3Y) | -67.4% | -92.7% |
| Market cap | $4.6B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACHR | DPRO |
|---|---|---|
| 2022 | -69.0% | -54.0% |
| 2023 | +228.3% | -36.0% |
| 2024 | +58.8% | -66.6% |
| 2025 | -22.9% | +72.3% |
| 2026 | -21.1% | -36.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACHR and DPRO good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACHR and DPRO?
The ACHR/DPRO correlation stands at 0.46 on a 3-year window (1 year: 0.72, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is DPRO a good diversifier for ACHR?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/achr-vs-dpro.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/achr-vs-dpro/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACHR correlations · DPRO correlations
