DFTX vs HSCS: Correlation
Measured on weekly returns over the past three years, Definium Therapeutics, Inc. (DFTX) and HeartSciences Inc. (HSCS) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFTX and HSCS?
On 3 years of weekly data the DFTX/HSCS correlation comes out at 0.38, moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.38). The 5-year figure is 0.16, and annualized covariance runs at 3600.7 %².
Among the 17 assets we track against DFTX, HSCS ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DFTX ahead by 352.6 points (+344.9% versus -7.7%).
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 HSCS: side by side
| DFTX (Definium Therapeutics, Inc.) | HSCS (HeartSciences Inc.) | |
|---|---|---|
| 1-year return | +344.9% | -7.7% |
| 5-year return | +4.7% | -98.7% |
| Volatility (ann.) | 90.9% | 104.0% |
| Beta vs S&P 500 | 1.35 | 0.88 |
| Max drawdown (3Y) | -58.4% | -98.0% |
| Market cap | $5.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFTX | HSCS |
|---|---|---|
| 2022 | -89.4% | – |
| 2023 | +66.4% | -79.6% |
| 2024 | +90.2% | -77.7% |
| 2025 | +92.4% | -19.1% |
| 2026 | +227.3% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFTX and HSCS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DFTX and HSCS?
The DFTX/HSCS correlation stands at 0.38 on a 3-year window (1 year: 0.61, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is HSCS a good diversifier for DFTX?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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/dftx-vs-hscs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dftx-vs-hscs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFTX correlations · HSCS correlations
