DMAC vs ZYME: Correlation
How closely do DiaMedica Therapeutics Inc. (DMAC) and Zymeworks Inc. (ZYME) 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 DMAC and ZYME?
On 3 years of weekly data the DMAC/ZYME correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 1367.3 %².
Within DMAC's tracked universe of 10 assets, ZYME comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ZYME ahead by 81.4 points (+12.9% versus +94.3%).
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.
DMAC vs ZYME: side by side
| DMAC (DiaMedica Therapeutics Inc.) | ZYME (Zymeworks Inc.) | |
|---|---|---|
| 1-year return | +12.9% | +94.3% |
| 5-year return | +67.5% | -10.9% |
| Volatility (ann.) | 68.6% | 49.4% |
| Beta vs S&P 500 | 1.46 | 1.02 |
| Max drawdown (3Y) | -49.2% | -45.7% |
| Market cap | $0.4B | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMAC | ZYME |
|---|---|---|
| 2022 | -57.6% | -52.0% |
| 2023 | +79.7% | +32.2% |
| 2024 | +91.2% | +40.9% |
| 2025 | +46.6% | +79.8% |
| 2026 | -15.2% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMAC and ZYME 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 DMAC and ZYME?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.50 over the last year and 0.24 over 5 years.
Is ZYME a good diversifier for DMAC?
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?
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/dmac-vs-zyme.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dmac-vs-zyme/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMAC correlations · ZYME correlations
