AXIL vs DWTX: Correlation
AXIL Brands, Inc. (AXIL) and Dogwood Therapeutics, Inc. (DWTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXIL and DWTX?
Across a 3-year window, the weekly returns of AXIL and DWTX correlate at 0.33, moderate. The past 12 months show a weaker link (0.03) than the 3-year average (0.33). Stretching to 5 years gives n/a, with an annualized covariance of 10401.7 %².
Few assets follow AXIL as closely as DWTX, which ranks #3 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with AXIL ahead by 52.4 points (+2.3% versus -50.1%). One caveat on sizing: DWTX is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AXIL vs DWTX: side by side
| AXIL (AXIL Brands, Inc.) | DWTX (Dogwood Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +2.3% | -50.1% |
| 5-year return | n/a | -98.2% |
| Volatility (ann.) | 94.8% | 314.7% |
| Beta vs S&P 500 | 0.78 | 2.56 |
| Max drawdown (3Y) | -74.3% | -95.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | 18.6 | 1.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXIL | DWTX |
|---|---|---|
| 2022 | – | -95.4% |
| 2023 | – | +143.6% |
| 2024 | – | -82.7% |
| 2025 | +79.5% | +67.1% |
| 2026 | -8.5% | -44.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXIL and DWTX good diversifiers for each other?
Reasonably. At 0.33, AXIL and DWTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AXIL and DWTX?
The AXIL/DWTX correlation stands at 0.33 on a 3-year window (1 year: 0.03, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is DWTX a good diversifier for AXIL?
Reasonably. At 0.33, AXIL and DWTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/axil-vs-dwtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/axil-vs-dwtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXIL correlations · DWTX correlations
