DLX vs TRDA: Correlation
How closely do Deluxe Corporation (DLX) and Entrada Therapeutics, Inc. (TRDA) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLX and TRDA?
Across a 3-year window, the weekly returns of DLX and TRDA correlate at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.23, with an annualized covariance of 1109.4 %².
Among the 20 assets we track against DLX, TRDA ranks #13 by 3-year correlation. Neither side won the trailing year by much: +25.3% against +28.0%. Risk is not evenly split, since TRDA carries 1.7 times the volatility of the other side.
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.
DLX vs TRDA: side by side
| DLX (Deluxe Corporation) | TRDA (Entrada Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +25.3% | +28.0% |
| 5-year return | -19.3% | -69.6% |
| Volatility (ann.) | 39.8% | 69.2% |
| Beta vs S&P 500 | 1.08 | 1.19 |
| Max drawdown (3Y) | -40.9% | -76.7% |
| Market cap | $1.1B | $0.3B |
| P/E (trailing) | 10.8 | – |
| Dividend yield | 5.08% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLX | TRDA |
|---|---|---|
| 2022 | -44.4% | -21.0% |
| 2023 | +34.9% | +11.6% |
| 2024 | +11.3% | +14.6% |
| 2025 | +5.6% | -40.5% |
| 2026 | +9.5% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLX and TRDA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DLX and TRDA?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.43 over the last year and 0.23 over 5 years.
Is TRDA a good diversifier for DLX?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/dlx-vs-trda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dlx-vs-trda/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DLX correlations · TRDA correlations
