DMC vs PTGX: Correlation
How closely do Del Monte Corporation (DMC) and Protagonist Therapeutics, Inc. (PTGX) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMC and PTGX?
Across a 3-year window, the weekly returns of DMC and PTGX correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -269.3 %².
Out of 17 assets tracked against DMC, PTGX lands near the bottom at #14. The last year tells two different stories: PTGX led by 154.5 percentage points, -11.1% for DMC against +143.4% for PTGX. One caveat on sizing: PTGX is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DMC vs PTGX: side by side
| DMC (Del Monte Corporation) | PTGX (Protagonist Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -11.1% | +143.4% |
| 5-year return | +13.3% | +219.7% |
| Volatility (ann.) | 25.4% | 53.0% |
| Beta vs S&P 500 | -0.11 | 0.49 |
| Max drawdown (3Y) | -36.5% | -31.6% |
| Market cap | $1.5B | $9.7B |
| P/E (trailing) | 44.2 | 145.1 |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMC | PTGX |
|---|---|---|
| 2022 | -3.0% | -68.1% |
| 2023 | +3.1% | +110.2% |
| 2024 | +31.3% | +68.3% |
| 2025 | +11.1% | +126.3% |
| 2026 | -9.6% | +71.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMC and PTGX good diversifiers for each other?
Yes. With a correlation of -0.20, DMC and PTGX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DMC and PTGX?
The DMC/PTGX correlation stands at -0.20 on a 3-year window (1 year: -0.16, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is PTGX a good diversifier for DMC?
Yes. With a correlation of -0.20, DMC and PTGX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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
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Related comparisons
Hubs: DMC correlations · PTGX correlations
