DDI vs SBFM: Correlation
DoubleDown Interactive Co., Ltd. - American Depository (DDI) and Sunshine Biopharma Inc. (SBFM) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDI and SBFM?
Across a 3-year window, the weekly returns of DDI and SBFM correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.12, with an annualized covariance of -1363.8 %².
SBFM is close to the least connected end of DDI's tracked universe, ranking #9 of 10. Correlation aside, the last 12 months split them widely, with DDI ahead by 125.9 points (+34.5% versus -91.4%). Note the risk asymmetry: SBFM runs 2.4 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.
DDI vs SBFM: side by side
| DDI (DoubleDown Interactive Co., Ltd. - American Depository) | SBFM (Sunshine Biopharma Inc.) | |
|---|---|---|
| 1-year return | +34.5% | -91.4% |
| 5-year return | -28.2% | -100.0% |
| Volatility (ann.) | 51.1% | 123.8% |
| Beta vs S&P 500 | 0.44 | 1.40 |
| Max drawdown (3Y) | -52.1% | -100.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | 5.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDI | SBFM |
|---|---|---|
| 2022 | -45.5% | – |
| 2023 | -13.0% | -57.5% |
| 2024 | +42.0% | -99.4% |
| 2025 | -17.3% | -59.0% |
| 2026 | +47.7% | -89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDI and SBFM good diversifiers for each other?
Yes. With a correlation of -0.22, DDI and SBFM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DDI and SBFM?
The DDI/SBFM correlation stands at -0.22 on a 3-year window (1 year: -0.02, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is SBFM a good diversifier for DDI?
Yes. With a correlation of -0.22, DDI and SBFM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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
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Related comparisons
Hubs: DDI correlations · SBFM correlations
