DNLI vs MIRM: Correlation
Denali Therapeutics Inc. (DNLI) and Mirum Pharmaceuticals, Inc. (MIRM) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNLI and MIRM?
Across a 3-year window, the weekly returns of DNLI and MIRM correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 1076.6 %².
By 3-year correlation, MIRM places #19 of the 25 assets tracked against DNLI. The last year tells two different stories: DNLI led by 24.5 percentage points, +58.1% for DNLI against +33.6% for MIRM.
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.
DNLI vs MIRM: side by side
| DNLI (Denali Therapeutics Inc.) | MIRM (Mirum Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +58.1% | +33.6% |
| 5-year return | -53.4% | +522.7% |
| Volatility (ann.) | 60.6% | 43.0% |
| Beta vs S&P 500 | 2.02 | 0.73 |
| Max drawdown (3Y) | -63.7% | -32.5% |
| Market cap | $3.9B | $6.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNLI | MIRM |
|---|---|---|
| 2022 | -37.6% | +22.3% |
| 2023 | -22.8% | +51.4% |
| 2024 | -5.0% | +40.1% |
| 2025 | -19.0% | +91.0% |
| 2026 | +49.4% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNLI and MIRM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DNLI and MIRM?
As of 2026-08-27, the correlation of weekly returns between DNLI and MIRM is 0.41 over 3 years, 0.36 over 1 year and 0.27 over 5 years.
Is MIRM a good diversifier for DNLI?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dnli-vs-mirm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dnli-vs-mirm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DNLI correlations · MIRM correlations
