AKAN vs SCLX: Correlation
Measured on weekly returns over the past three years, Akanda Corp. (AKAN) and Scilex Holding Company (SCLX) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and SCLX?
On 3 years of weekly data the AKAN/SCLX correlation comes out at 0.29, weak. The link has tightened recently: the 1-year correlation (0.40) runs above the 3-year figure (0.29). The 5-year figure is 0.23, and annualized covariance runs at 10491.1 %².
By 3-year correlation, SCLX places #14 of the 26 assets tracked against AKAN. Their recent paths diverged sharply: over the last 12 months SCLX outperformed by 44.8 percentage points (-95.2% for AKAN against -50.4% for SCLX). Note the risk asymmetry: AKAN runs 2.3 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.
AKAN vs SCLX: side by side
| AKAN (Akanda Corp.) | SCLX (Scilex Holding Company) | |
|---|---|---|
| 1-year return | -95.2% | -50.4% |
| 5-year return | -100.0% | -97.4% |
| Volatility (ann.) | 285.6% | 125.7% |
| Beta vs S&P 500 | 2.86 | 1.06 |
| Max drawdown (3Y) | -99.9% | -96.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | SCLX |
|---|---|---|
| 2022 | – | -60.3% |
| 2023 | -70.5% | -48.9% |
| 2024 | -95.5% | -79.1% |
| 2025 | -90.9% | -18.2% |
| 2026 | -58.9% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and SCLX good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AKAN and SCLX?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.40 over the last year and 0.23 over 5 years.
Is SCLX a good diversifier for AKAN?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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
$ curl https://www.pairbook.io/api/v1/pairs/akan-vs-sclx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akan-vs-sclx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKAN correlations · SCLX correlations
