AXSM vs DOMH: Correlation
Axsome Therapeutics, Inc. (AXSM) and Dominari Holdings Inc. (DOMH) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXSM and DOMH?
On 3 years of weekly data the AXSM/DOMH correlation comes out at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.40 over 3 years. The 5-year figure is 0.20, and annualized covariance runs at 2879.5 %².
Few assets follow AXSM as closely as DOMH, which ranks #3 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months AXSM outperformed by 121.6 percentage points (+69.3% for AXSM against -52.3% for DOMH). Note the risk asymmetry: DOMH runs 4.6 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.
AXSM vs DOMH: side by side
| AXSM (Axsome Therapeutics, Inc.) | DOMH (Dominari Holdings Inc.) | |
|---|---|---|
| 1-year return | +69.3% | -52.3% |
| 5-year return | +746.1% | -76.1% |
| Volatility (ann.) | 39.4% | 181.7% |
| Beta vs S&P 500 | 0.82 | 2.30 |
| Max drawdown (3Y) | -32.7% | -77.9% |
| Market cap | $10.8B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXSM | DOMH |
|---|---|---|
| 2022 | +104.2% | -67.3% |
| 2023 | +3.2% | -21.0% |
| 2024 | +6.3% | -62.2% |
| 2025 | +115.9% | +445.6% |
| 2026 | +12.9% | -40.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXSM and DOMH good diversifiers for each other?
Reasonably. At 0.40, AXSM and DOMH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AXSM and DOMH?
As of 2026-08-27, the correlation of weekly returns between AXSM and DOMH is 0.40 over 3 years, 0.22 over 1 year and 0.20 over 5 years.
Is DOMH a good diversifier for AXSM?
Reasonably. At 0.40, AXSM and DOMH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AXSM correlations · DOMH correlations
