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DNA vs STIM: Correlation

Measured on weekly returns over the past three years, Ginkgo Bioworks Holdings, Inc. (DNA) and Neuronetics, Inc. (STIM) carry a correlation of 0.38, a moderate link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.38
moderate
Correlation (1Y)
0.22
last 12 months
Correlation (5Y)
0.31
long-run
Ann. covariance
4124.4
%² · weekly, annualized

How correlated are DNA and STIM?

Over the past 3 years, DNA and STIM moved with a correlation of 0.38, which is moderate. The past 12 months show a weaker link (0.22) than the 3-year average (0.38). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 4124.4 %².

Within DNA's tracked universe of 13 assets, STIM comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STIM ahead by 29.3 points (-41.2% versus -11.9%).

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 STIM: side by side

DNA (Ginkgo Bioworks Holdings, Inc.)STIM (Neuronetics, Inc.)
1-year return-41.2%-11.9%
5-year return-98.2%-54.7%
Volatility (ann.)100.2%109.2%
Beta vs S&P 5002.771.83
Max drawdown (3Y)-94.3%-87.3%
Market cap$0.5B$0.2B
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: STIM -87.3% vs -94.3%Higher 5y return: STIM -54.7% vs -98.2%
-63%0%+45%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. DNA · STIM

Year-by-year returns

YearDNASTIM
2022-79.7%+54.0%
2023+0.0%-57.8%
2024-85.5%-44.5%
2025-15.4%-14.3%
2026-12.6%+114.5%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are DNA and STIM good diversifiers for each other?

A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

FAQ

What is the correlation between DNA and STIM?

As of 2026-08-27, the correlation of weekly returns between DNA and STIM is 0.38 over 3 years, 0.22 over 1 year and 0.31 over 5 years.

Is STIM a good diversifier for DNA?

A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

What does a correlation of 0.38 mean?

A reading of 0.38 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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DNA vs STIM: 3-year weekly correlation 0.38DNA vs STIM0.38

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Related comparisons

Hubs: DNA correlations · STIM correlations