ARTL vs INKT: Correlation
Artelo Biosciences, Inc. (ARTL) and MiNK Therapeutics, Inc. (INKT) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTL and INKT?
Across a 3-year window, the weekly returns of ARTL and INKT correlate at 0.61, strong. Lately the two have drifted apart, with the 1-year correlation at 0.06 versus 0.61 over 3 years. Stretching to 5 years gives 0.54, with an annualized covariance of 38528.0 %².
Few assets follow ARTL as closely as INKT, which ranks #1 of 21 tracked partners. The last year tells two different stories: INKT led by 70.7 percentage points, -97.6% for ARTL against -26.9% for INKT. Note the risk asymmetry: INKT runs 3.4 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.
ARTL vs INKT: side by side
| ARTL (Artelo Biosciences, Inc.) | INKT (MiNK Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -97.6% | -26.9% |
| 5-year return | -99.7% | -90.3% |
| Volatility (ann.) | 136.9% | 464.2% |
| Beta vs S&P 500 | -0.54 | 0.50 |
| Max drawdown (3Y) | -99.2% | -86.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTL | INKT |
|---|---|---|
| 2022 | -62.9% | -41.5% |
| 2023 | -51.6% | -59.0% |
| 2024 | -24.3% | -34.9% |
| 2025 | -80.8% | +60.0% |
| 2026 | -81.9% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTL and INKT good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARTL and INKT?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.06 over the last year and 0.54 over 5 years.
Is INKT a good diversifier for ARTL?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 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/artl-vs-inkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/artl-vs-inkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARTL correlations · INKT correlations
