DNA vs SDGR: Correlation
Measured on weekly returns over the past three years, Ginkgo Bioworks Holdings, Inc. (DNA) and Schrodinger, Inc. (SDGR) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNA and SDGR?
Over the past 3 years, DNA and SDGR moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 2898.5 %².
By 3-year correlation, SDGR places #5 of the 13 assets tracked against DNA. Their recent paths diverged sharply: over the last 12 months SDGR outperformed by 44.3 percentage points (-41.2% for DNA against +3.1% for SDGR). One caveat on sizing: DNA is 1.7 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.
DNA vs SDGR: side by side
| DNA (Ginkgo Bioworks Holdings, Inc.) | SDGR (Schrodinger, Inc.) | |
|---|---|---|
| 1-year return | -41.2% | +3.1% |
| 5-year return | -98.2% | -65.2% |
| Volatility (ann.) | 100.2% | 57.7% |
| Beta vs S&P 500 | 2.77 | 1.91 |
| Max drawdown (3Y) | -94.3% | -70.2% |
| Market cap | $0.5B | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNA | SDGR |
|---|---|---|
| 2022 | -79.7% | -46.3% |
| 2023 | +0.0% | +91.5% |
| 2024 | -85.5% | -46.1% |
| 2025 | -15.4% | -7.3% |
| 2026 | -12.6% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNA and SDGR good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DNA and SDGR?
The DNA/SDGR correlation stands at 0.50 on a 3-year window (1 year: 0.54, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is SDGR a good diversifier for DNA?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DNA correlations · SDGR correlations
