DERM vs SRV: Correlation
How closely do Journey Medical Corporation (DERM) and NXG Cushing Midstream Energy Fund (SRV) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DERM and SRV?
On 3 years of weekly data the DERM/SRV correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.19 over 3. The 5-year figure is 0.04, and annualized covariance runs at -348.2 %².
Out of 15 assets tracked against DERM, SRV lands near the bottom at #12. The last year tells two different stories: SRV led by 25.1 percentage points, +0.7% for DERM against +25.8% for SRV. Note the risk asymmetry: DERM runs 2.9 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.
DERM vs SRV: side by side
| DERM (Journey Medical Corporation) | SRV (NXG Cushing Midstream Energy Fund) | |
|---|---|---|
| 1-year return | +0.7% | +25.8% |
| 5-year return | -23.9% | +220.3% |
| Volatility (ann.) | 71.7% | 25.1% |
| Beta vs S&P 500 | 0.46 | 0.46 |
| Max drawdown (3Y) | -63.3% | -26.3% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | 3.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DERM | SRV |
|---|---|---|
| 2022 | -64.3% | +20.1% |
| 2023 | +200.0% | +16.8% |
| 2024 | -32.1% | +50.7% |
| 2025 | +97.2% | +5.0% |
| 2026 | -2.3% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DERM and SRV good diversifiers for each other?
Yes. With a correlation of -0.19, DERM and SRV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DERM and SRV?
The DERM/SRV correlation stands at -0.19 on a 3-year window (1 year: -0.26, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is SRV a good diversifier for DERM?
Yes. With a correlation of -0.19, DERM and SRV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/derm-vs-srv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/derm-vs-srv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DERM correlations · SRV correlations
