DARE vs PED: Correlation
Dare Bioscience, Inc. (DARE) and Pedevco Corp. (PED) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DARE and PED?
Across a 3-year window, the weekly returns of DARE and PED correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.09, with an annualized covariance of -1204.5 %².
PED is close to the least connected end of DARE's tracked universe, ranking #11 of 11. Their recent paths diverged sharply: over the last 12 months PED outperformed by 76.5 percentage points (-63.4% for DARE against +13.1% for PED). Risk is not evenly split, since DARE carries 1.8 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.
DARE vs PED: side by side
| DARE (Dare Bioscience, Inc.) | PED (Pedevco Corp.) | |
|---|---|---|
| 1-year return | -63.4% | +13.1% |
| 5-year return | -96.5% | -39.7% |
| Volatility (ann.) | 94.9% | 54.0% |
| Beta vs S&P 500 | 1.76 | -0.28 |
| Max drawdown (3Y) | -91.3% | -58.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DARE | PED |
|---|---|---|
| 2022 | -58.5% | +3.8% |
| 2023 | -62.8% | -30.0% |
| 2024 | -15.9% | +1.0% |
| 2025 | -38.1% | -28.0% |
| 2026 | -61.7% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DARE and PED good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between DARE and PED?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.39 over the last year and -0.09 over 5 years.
Is PED a good diversifier for DARE?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/dare-vs-ped.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dare-vs-ped/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DARE correlations · PED correlations
