ATKR vs GUTS: Correlation
Measured on weekly returns over the past three years, Atkore Inc. (ATKR) and Fractyl Health, Inc. (GUTS) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATKR and GUTS?
Over the past 3 years, ATKR and GUTS moved with a correlation of 0.37, which is moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.37). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1932.1 %².
Out of 13 assets tracked against ATKR, GUTS lands near the bottom at #10. The last year tells two different stories: ATKR led by 85.0 percentage points, +59.9% for ATKR against -25.1% for GUTS. Note the risk asymmetry: GUTS runs 2.3 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.
ATKR vs GUTS: side by side
| ATKR (Atkore Inc.) | GUTS (Fractyl Health, Inc.) | |
|---|---|---|
| 1-year return | +59.9% | -25.1% |
| 5-year return | +5.7% | n/a |
| Volatility (ann.) | 46.4% | 108.3% |
| Beta vs S&P 500 | 1.37 | 1.43 |
| Max drawdown (3Y) | -72.8% | -96.9% |
| Market cap | $3.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 1.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATKR | GUTS |
|---|---|---|
| 2022 | +2.0% | – |
| 2023 | +41.1% | – |
| 2024 | -47.3% | – |
| 2025 | -22.7% | +6.8% |
| 2026 | +50.0% | -66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATKR and GUTS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATKR and GUTS?
The ATKR/GUTS correlation stands at 0.37 on a 3-year window (1 year: 0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GUTS a good diversifier for ATKR?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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.
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Related comparisons
Hubs: ATKR correlations · GUTS correlations
