DNLI vs VRDN: Correlation
Denali Therapeutics Inc. (DNLI) and Viridian Therapeutics, Inc. (VRDN) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNLI and VRDN?
On 3 years of weekly data the DNLI/VRDN correlation comes out at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.49). The 5-year figure is 0.32, and annualized covariance runs at 1979.7 %².
Within DNLI's tracked universe of 25 assets, VRDN comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DNLI ahead by 29.4 points (+58.1% versus +28.7%).
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 VRDN: side by side
| DNLI (Denali Therapeutics Inc.) | VRDN (Viridian Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +58.1% | +28.7% |
| 5-year return | -53.4% | +80.0% |
| Volatility (ann.) | 60.6% | 66.8% |
| Beta vs S&P 500 | 2.02 | 1.27 |
| Max drawdown (3Y) | -63.7% | -60.6% |
| Market cap | $3.9B | $2.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNLI | VRDN |
|---|---|---|
| 2022 | -37.6% | +47.7% |
| 2023 | -22.8% | -25.4% |
| 2024 | -5.0% | -12.0% |
| 2025 | -19.0% | +62.3% |
| 2026 | +49.4% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNLI and VRDN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DNLI and VRDN?
The DNLI/VRDN correlation stands at 0.49 on a 3-year window (1 year: 0.25, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is VRDN a good diversifier for DNLI?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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-vrdn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dnli-vs-vrdn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DNLI correlations · VRDN correlations
