DFTX vs GHRS: Correlation
How closely do Definium Therapeutics, Inc. (DFTX) and GH Research PLC (GHRS) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFTX and GHRS?
Over the past 3 years, DFTX and GHRS moved with a correlation of 0.39, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.39 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 2477.5 %².
By 3-year correlation, GHRS places #9 of the 17 assets tracked against DFTX. Their recent paths diverged sharply: over the last 12 months DFTX outperformed by 234.7 percentage points (+344.9% for DFTX against +110.2% for GHRS).
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.
DFTX vs GHRS: side by side
| DFTX (Definium Therapeutics, Inc.) | GHRS (GH Research PLC) | |
|---|---|---|
| 1-year return | +344.9% | +110.2% |
| 5-year return | +4.7% | +34.4% |
| Volatility (ann.) | 90.9% | 70.0% |
| Beta vs S&P 500 | 1.35 | 1.07 |
| Max drawdown (3Y) | -58.4% | -57.5% |
| Market cap | $5.9B | $2.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFTX | GHRS |
|---|---|---|
| 2022 | -89.4% | -58.3% |
| 2023 | +66.4% | -40.3% |
| 2024 | +90.2% | +20.7% |
| 2025 | +92.4% | +81.4% |
| 2026 | +227.3% | +125.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFTX and GHRS good diversifiers for each other?
Reasonably. At 0.39, DFTX and GHRS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DFTX and GHRS?
The DFTX/GHRS correlation stands at 0.39 on a 3-year window (1 year: 0.51, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is GHRS a good diversifier for DFTX?
Reasonably. At 0.39, DFTX and GHRS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
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Related comparisons
Hubs: DFTX correlations · GHRS correlations
