ASM vs SXTP: Correlation
Measured on weekly returns over the past three years, Avino Silver & Gold Mines Ltd. (ASM) and 60 Degrees Pharmaceuticals, Inc. (SXTP) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASM and SXTP?
On 3 years of weekly data the ASM/SXTP correlation comes out at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 3690.4 %².
Within ASM's tracked universe of 14 assets, SXTP comes in at #9 by 3-year correlation. The last year tells two different stories: ASM led by 154.7 percentage points, +76.1% for ASM against -78.6% for SXTP. Risk is not evenly split, since SXTP carries 1.6 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.
ASM vs SXTP: side by side
| ASM (Avino Silver & Gold Mines Ltd.) | SXTP (60 Degrees Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +76.1% | -78.6% |
| 5-year return | +657.8% | n/a |
| Volatility (ann.) | 77.8% | 125.4% |
| Beta vs S&P 500 | 1.95 | 2.11 |
| Max drawdown (3Y) | -53.1% | -99.7% |
| Market cap | $1.3B | – |
| P/E (trailing) | 28.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASM | SXTP |
|---|---|---|
| 2022 | -20.9% | – |
| 2023 | -23.5% | – |
| 2024 | +69.2% | -89.5% |
| 2025 | +605.7% | -92.1% |
| 2026 | +24.5% | -47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASM and SXTP good diversifiers for each other?
Reasonably. At 0.38, ASM and SXTP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASM and SXTP?
As of 2026-08-27, the correlation of weekly returns between ASM and SXTP is 0.38 over 3 years, 0.42 over 1 year and n/a over 5 years.
Is SXTP a good diversifier for ASM?
Reasonably. At 0.38, ASM and SXTP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/asm-vs-sxtp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asm-vs-sxtp/)
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Related comparisons
Hubs: ASM correlations · SXTP correlations
