DNOW vs FTH: Correlation
Measured on weekly returns over the past three years, DNOW Inc. (DNOW) and Faeth Therapeutics, Inc. (FTH) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNOW and FTH?
Over the past 3 years, DNOW and FTH moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.50) runs below the 3-year figure (-0.22). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1797.0 %².
Among the 10 assets we track against DNOW, FTH sits near the bottom by co-movement, at rank #8. The last year tells two different stories: FTH led by 318.6 percentage points, +2.1% for DNOW against +320.7% for FTH. Note the risk asymmetry: FTH runs 4.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DNOW vs FTH: side by side
| DNOW (DNOW Inc.) | FTH (Faeth Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +2.1% | +320.7% |
| 5-year return | +111.4% | -83.6% |
| Volatility (ann.) | 43.7% | 189.5% |
| Beta vs S&P 500 | 0.83 | 1.77 |
| Max drawdown (3Y) | -36.8% | -84.3% |
| Market cap | $2.9B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNOW | FTH |
|---|---|---|
| 2022 | +48.7% | -74.3% |
| 2023 | -10.9% | -53.6% |
| 2024 | +14.9% | -29.2% |
| 2025 | +1.8% | +8.9% |
| 2026 | +22.9% | +216.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNOW and FTH good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between DNOW and FTH?
As of 2026-08-27, the correlation of weekly returns between DNOW and FTH is -0.22 over 3 years, -0.50 over 1 year and -0.16 over 5 years.
Is FTH a good diversifier for DNOW?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/dnow-vs-fth.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dnow-vs-fth/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DNOW correlations · FTH correlations
