DGXX vs ERNA: Correlation
How closely do Digi Power X Inc. - Common Subordinate Voting Shares (DGXX) and Ernexa Therapeutics Inc. (ERNA) 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 DGXX and ERNA?
On 3 years of weekly data the DGXX/ERNA correlation comes out at 0.39, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.39). The 5-year figure is 0.35, and annualized covariance runs at 6021.5 %².
Among the 11 assets we track against DGXX, ERNA ranks #6 by 3-year correlation. The last year tells two different stories: DGXX led by 165.5 percentage points, +79.1% for DGXX against -86.4% for ERNA.
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.
DGXX vs ERNA: side by side
| DGXX (Digi Power X Inc. - Common Subordinate Voting Shares) | ERNA (Ernexa Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +79.1% | -86.4% |
| 5-year return | -21.0% | -100.0% |
| Volatility (ann.) | 116.4% | 131.2% |
| Beta vs S&P 500 | 2.42 | 1.62 |
| Max drawdown (3Y) | -75.9% | -99.7% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGXX | ERNA |
|---|---|---|
| 2022 | -92.2% | -96.1% |
| 2023 | +536.1% | -44.1% |
| 2024 | -34.5% | -83.9% |
| 2025 | +70.0% | -72.4% |
| 2026 | +58.0% | -84.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGXX and ERNA good diversifiers for each other?
Reasonably. At 0.39, DGXX and ERNA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DGXX and ERNA?
The DGXX/ERNA correlation stands at 0.39 on a 3-year window (1 year: 0.55, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is ERNA a good diversifier for DGXX?
Reasonably. At 0.39, DGXX and ERNA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: DGXX correlations · ERNA correlations
