CLNN vs DGX: Correlation
Clene Inc. (CLNN) and Quest Diagnostics (DGX) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLNN and DGX?
Over the past 3 years, CLNN and DGX moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.20). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -434.7 %².
Out of 11 assets tracked against CLNN, DGX lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months DGX outperformed by 55.4 percentage points (-16.9% for CLNN against +38.5% for DGX). Risk is not evenly split, since CLNN carries 5.9 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.
CLNN vs DGX: side by side
| CLNN (Clene Inc.) | DGX (Quest Diagnostics) | |
|---|---|---|
| 1-year return | -16.9% | +38.5% |
| 5-year return | -97.1% | +78.8% |
| Volatility (ann.) | 111.8% | 19.1% |
| Beta vs S&P 500 | 1.72 | 0.09 |
| Max drawdown (3Y) | -84.4% | -12.4% |
| Market cap | $0.1B | $27.0B |
| P/E (trailing) | – | 26.0 |
| Dividend yield | 0.00% | 1.36% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CLNN | DGX |
|---|---|---|
| 2022 | -75.6% | -7.8% |
| 2023 | -70.0% | -10.1% |
| 2024 | -11.5% | +11.8% |
| 2025 | +10.5% | +17.2% |
| 2026 | -23.9% | +42.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLNN and DGX good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLNN and DGX?
As of 2026-08-27, the correlation of weekly returns between CLNN and DGX is -0.20 over 3 years, -0.32 over 1 year and -0.15 over 5 years.
Is DGX a good diversifier for CLNN?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clnn-vs-dgx.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLNN correlations · DGX correlations
