DLPN vs XBI: Correlation
Dolphin Entertainment, Inc. (DLPN) and SPDR S&P Biotech ETF (XBI) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLPN and XBI?
Over the past 3 years, DLPN and XBI moved with a correlation of 0.41, which is moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 607.7 %².
In DLPN's tracked universe of 12 assets, XBI sits right near the top at #2. Correlation aside, the last 12 months split them widely, with XBI ahead by 87.2 points (+0.0% versus +87.2%). Note the risk asymmetry: DLPN runs 2.0 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.
DLPN vs XBI: side by side
| DLPN (Dolphin Entertainment, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +0.0% | +87.2% |
| 5-year return | -95.5% | +28.6% |
| Volatility (ann.) | 54.2% | 27.7% |
| Beta vs S&P 500 | 1.10 | 1.09 |
| Max drawdown (3Y) | -78.8% | -33.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | DLPN | XBI |
|---|---|---|
| 2022 | -78.8% | -25.9% |
| 2023 | -5.5% | +7.6% |
| 2024 | -68.7% | +1.0% |
| 2025 | +45.8% | +35.9% |
| 2026 | -24.4% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLPN and XBI good diversifiers for each other?
Reasonably. At 0.41, DLPN and XBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DLPN and XBI?
The DLPN/XBI correlation stands at 0.41 on a 3-year window (1 year: 0.36, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is XBI a good diversifier for DLPN?
Reasonably. At 0.41, DLPN and XBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dlpn-vs-xbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dlpn-vs-xbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DLPN correlations · XBI correlations
