DAIO vs DHT: Correlation
How closely do Data I/O Corporation (DAIO) and DHT Holdings, Inc. (DHT) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAIO and DHT?
Over the past 3 years, DAIO and DHT moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -302.2 %².
Among the 16 assets we track against DAIO, DHT ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DHT outperformed by 90.4 percentage points (-0.7% for DAIO against +89.7% for DHT).
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.
DAIO vs DHT: side by side
| DAIO (Data I/O Corporation) | DHT (DHT Holdings, Inc.) | |
|---|---|---|
| 1-year return | -0.7% | +89.7% |
| 5-year return | -48.4% | +422.1% |
| Volatility (ann.) | 43.6% | 33.2% |
| Beta vs S&P 500 | 0.74 | 0.29 |
| Max drawdown (3Y) | -52.9% | -25.0% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 6.6 |
| Dividend yield | 0.00% | 13.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAIO | DHT |
|---|---|---|
| 2022 | -13.9% | +73.9% |
| 2023 | -25.9% | +24.1% |
| 2024 | -5.8% | +3.6% |
| 2025 | +14.4% | +35.2% |
| 2026 | -6.0% | +79.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAIO and DHT good diversifiers for each other?
Yes. With a correlation of -0.21, DAIO and DHT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DAIO and DHT?
As of 2026-08-27, the correlation of weekly returns between DAIO and DHT is -0.21 over 3 years, -0.31 over 1 year and -0.04 over 5 years.
Is DHT a good diversifier for DAIO?
Yes. With a correlation of -0.21, DAIO and DHT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/daio-vs-dht.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/daio-vs-dht/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DAIO correlations · DHT correlations
