ARQT vs DYN: Correlation
How closely do Arcutis Biotherapeutics, Inc. (ARQT) and Dyne Therapeutics, Inc. (DYN) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQT and DYN?
Across a 3-year window, the weekly returns of ARQT and DYN correlate at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.52) runs above the 3-year figure (0.40). Stretching to 5 years gives 0.33, with an annualized covariance of 2603.0 %².
Within ARQT's tracked universe of 10 assets, DYN comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DYN outperformed by 32.4 percentage points (+58.9% for ARQT against +91.3% for DYN).
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.
ARQT vs DYN: side by side
| ARQT (Arcutis Biotherapeutics, Inc.) | DYN (Dyne Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +58.9% | +91.3% |
| 5-year return | +18.0% | +58.2% |
| Volatility (ann.) | 81.9% | 78.6% |
| Beta vs S&P 500 | 1.10 | 1.95 |
| Max drawdown (3Y) | -79.5% | -85.5% |
| Market cap | $3.1B | $4.9B |
| P/E (trailing) | 113.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARQT | DYN |
|---|---|---|
| 2022 | -28.6% | -2.5% |
| 2023 | -78.2% | +14.8% |
| 2024 | +331.3% | +77.1% |
| 2025 | +108.5% | -17.0% |
| 2026 | -14.4% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQT and DYN good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARQT and DYN?
The ARQT/DYN correlation stands at 0.40 on a 3-year window (1 year: 0.52, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is DYN a good diversifier for ARQT?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/arqt-vs-dyn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arqt-vs-dyn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARQT correlations · DYN correlations
