DNTH vs MGTX: Correlation
Dianthus Therapeutics, Inc. (DNTH) and MeiraGTx Holdings plc (MGTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNTH and MGTX?
Over the past 3 years, DNTH and MGTX moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 2317.5 %².
In DNTH's tracked universe of 10 assets, MGTX sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months DNTH outperformed by 270.0 percentage points (+360.1% for DNTH against +90.1% for MGTX).
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.
DNTH vs MGTX: side by side
| DNTH (Dianthus Therapeutics, Inc.) | MGTX (MeiraGTx Holdings plc) | |
|---|---|---|
| 1-year return | +360.1% | +90.1% |
| 5-year return | +9.4% | +2.2% |
| Volatility (ann.) | 78.1% | 77.0% |
| Beta vs S&P 500 | 0.88 | 2.02 |
| Max drawdown (3Y) | -53.5% | -47.1% |
| Market cap | $6.2B | $1.4B |
| P/E (trailing) | – | 16.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNTH | MGTX |
|---|---|---|
| 2022 | -91.0% | -72.5% |
| 2023 | +62.5% | +7.7% |
| 2024 | +109.6% | -13.2% |
| 2025 | +89.0% | +30.5% |
| 2026 | +170.7% | +77.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNTH and MGTX good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DNTH and MGTX?
As of 2026-08-27, the correlation of weekly returns between DNTH and MGTX is 0.39 over 3 years, 0.14 over 1 year and 0.30 over 5 years.
Is MGTX a good diversifier for DNTH?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/dnth-vs-mgtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dnth-vs-mgtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DNTH correlations · MGTX correlations
