DNLI vs STRO: Correlation
Denali Therapeutics Inc. (DNLI) and Sutro Biopharma, Inc. (STRO) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNLI and STRO?
On 3 years of weekly data the DNLI/STRO correlation comes out at 0.51, moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.51). The 5-year figure is 0.49, and annualized covariance runs at 3499.4 %².
Within DNLI's tracked universe of 25 assets, STRO comes in at #9 by 3-year correlation. The last year tells two different stories: STRO led by 78.7 percentage points, +58.1% for DNLI against +136.8% for STRO. Risk is not evenly split, since STRO carries 1.9 times the volatility of the other side.
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 STRO: side by side
| DNLI (Denali Therapeutics Inc.) | STRO (Sutro Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +58.1% | +136.8% |
| 5-year return | -53.4% | -90.2% |
| Volatility (ann.) | 60.6% | 112.5% |
| Beta vs S&P 500 | 2.02 | 3.52 |
| Max drawdown (3Y) | -63.7% | -90.8% |
| Market cap | $3.9B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNLI | STRO |
|---|---|---|
| 2022 | -37.6% | -45.7% |
| 2023 | -22.8% | -46.9% |
| 2024 | -5.0% | -57.1% |
| 2025 | -19.0% | -37.1% |
| 2026 | +49.4% | +84.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNLI and STRO good diversifiers for each other?
To a limited degree. At 0.51 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 STRO?
The DNLI/STRO correlation stands at 0.51 on a 3-year window (1 year: 0.28, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is STRO a good diversifier for DNLI?
To a limited degree. At 0.51 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 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dnli-vs-stro.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dnli-vs-stro/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DNLI correlations · STRO correlations
