DNLI vs NRIX: Correlation
Denali Therapeutics Inc. (DNLI) and Nurix Therapeutics, Inc. (NRIX) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNLI and NRIX?
Over the past 3 years, DNLI and NRIX moved with a correlation of 0.58, which is moderate. The past 12 months show a weaker link (0.38) than the 3-year average (0.58). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 2737.1 %².
By 3-year correlation, NRIX places #5 of the 25 assets tracked against DNLI. Correlation aside, the last 12 months split them widely, with NRIX ahead by 123.3 points (+58.1% versus +181.4%).
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 NRIX: side by side
| DNLI (Denali Therapeutics Inc.) | NRIX (Nurix Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +58.1% | +181.4% |
| 5-year return | -53.4% | -19.6% |
| Volatility (ann.) | 60.6% | 77.6% |
| Beta vs S&P 500 | 2.02 | 1.82 |
| Max drawdown (3Y) | -63.7% | -70.7% |
| Market cap | $3.9B | $2.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNLI | NRIX |
|---|---|---|
| 2022 | -37.6% | -62.1% |
| 2023 | -22.8% | -6.0% |
| 2024 | -5.0% | +82.6% |
| 2025 | -19.0% | +0.7% |
| 2026 | +49.4% | +41.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNLI and NRIX good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DNLI and NRIX?
As of 2026-08-27, the correlation of weekly returns between DNLI and NRIX is 0.58 over 3 years, 0.38 over 1 year and 0.52 over 5 years.
Is NRIX a good diversifier for DNLI?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
A reading of 0.58 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
$ curl https://www.pairbook.io/api/v1/pairs/dnli-vs-nrix.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dnli-vs-nrix/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DNLI correlations · NRIX correlations
