DCOY vs WM: Correlation
Measured on weekly returns over the past three years, Decoy Therapeutics Inc. (DCOY) and Waste Management (WM) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCOY and WM?
Over the past 3 years, DCOY and WM moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -530.0 %².
Among the 10 assets we track against DCOY, WM sits near the bottom by co-movement, at rank #9. The last year tells two different stories: WM led by 93.8 percentage points, -95.8% for DCOY against -2.0% for WM. Note the risk asymmetry: DCOY runs 6.6 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.
DCOY vs WM: side by side
| DCOY (Decoy Therapeutics Inc.) | WM (Waste Management) | |
|---|---|---|
| 1-year return | -95.8% | -2.0% |
| 5-year return | -100.0% | +51.8% |
| Volatility (ann.) | 120.2% | 18.3% |
| Beta vs S&P 500 | 1.56 | 0.07 |
| Max drawdown (3Y) | -99.8% | -18.1% |
| Market cap | – | $87.0B |
| P/E (trailing) | 0.0 | 30.8 |
| Dividend yield | 0.00% | 1.60% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DCOY | WM |
|---|---|---|
| 2022 | -87.7% | -4.5% |
| 2023 | -57.5% | +16.2% |
| 2024 | -64.6% | +14.3% |
| 2025 | -97.6% | +10.5% |
| 2026 | -61.9% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCOY and WM good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DCOY and WM?
The DCOY/WM correlation stands at -0.24 on a 3-year window (1 year: -0.21, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is WM a good diversifier for DCOY?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
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/dcoy-vs-wm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dcoy-vs-wm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DCOY correlations · WM correlations
