ALDX vs DSL: Correlation
Aldeyra Therapeutics, Inc. (ALDX) and DoubleLine Income Solutions Fund (DSL) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALDX and DSL?
Over the past 3 years, ALDX and DSL moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 709.2 %².
DSL is one of the assets that tracks ALDX most closely: it ranks #2 out of the 13 assets we track against ALDX. The last year tells two different stories: DSL led by 70.0 percentage points, -73.7% for ALDX against -3.7% for DSL. Risk is not evenly split, since ALDX carries 8.8 times the volatility of the other side.
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.
ALDX vs DSL: side by side
| ALDX (Aldeyra Therapeutics, Inc.) | DSL (DoubleLine Income Solutions Fund) | |
|---|---|---|
| 1-year return | -73.7% | -3.7% |
| 5-year return | -83.1% | +5.8% |
| Volatility (ann.) | 107.4% | 12.2% |
| Beta vs S&P 500 | 3.13 | 0.49 |
| Max drawdown (3Y) | -83.8% | -13.5% |
| Market cap | $0.1B | $1.2B |
| P/E (trailing) | – | 33.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALDX | DSL |
|---|---|---|
| 2022 | +74.0% | -22.6% |
| 2023 | -49.6% | +23.4% |
| 2024 | +42.2% | +14.0% |
| 2025 | +3.8% | -0.0% |
| 2026 | -70.3% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALDX and DSL good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALDX and DSL?
As of 2026-08-27, the correlation of weekly returns between ALDX and DSL is 0.54 over 3 years, 0.49 over 1 year and 0.38 over 5 years.
Is DSL a good diversifier for ALDX?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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: ALDX correlations · DSL correlations
