ALOY vs DWTX: Correlation
REalloys Inc. (ALOY) and Dogwood Therapeutics, Inc. (DWTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOY and DWTX?
Over the past 3 years, ALOY and DWTX moved with a correlation of 0.50, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.50 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 19561.2 %².
In ALOY's tracked universe of 11 assets, DWTX sits right near the top at #1. The last year tells two different stories: ALOY led by 150.1 percentage points, +100.0% for ALOY against -50.1% for DWTX. Risk is not evenly split, since DWTX carries 2.5 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.
ALOY vs DWTX: side by side
| ALOY (REalloys Inc.) | DWTX (Dogwood Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +100.0% | -50.1% |
| 5-year return | -4.5% | -98.2% |
| Volatility (ann.) | 125.1% | 314.7% |
| Beta vs S&P 500 | 1.27 | 2.56 |
| Max drawdown (3Y) | -72.9% | -95.6% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | – | 1.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALOY | DWTX |
|---|---|---|
| 2022 | -91.6% | -95.4% |
| 2023 | +135.0% | +143.6% |
| 2024 | -22.0% | -82.7% |
| 2025 | +268.0% | +67.1% |
| 2026 | +41.1% | -44.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOY and DWTX good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALOY and DWTX?
As of 2026-08-27, the correlation of weekly returns between ALOY and DWTX is 0.50 over 3 years, 0.04 over 1 year and 0.31 over 5 years.
Is DWTX a good diversifier for ALOY?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aloy-vs-dwtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aloy-vs-dwtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALOY correlations · DWTX correlations
