DNUT vs ELTX: Correlation
How closely do Krispy Kreme, Inc. (DNUT) and Elicio Therapeutics, Inc. (ELTX) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNUT and ELTX?
Across a 3-year window, the weekly returns of DNUT and ELTX correlate at 0.32, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.46 versus 0.32 over 3 years. Stretching to 5 years gives 0.28, with an annualized covariance of 1925.4 %².
Within DNUT's tracked universe of 13 assets, ELTX comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DNUT ahead by 66.1 points (-5.0% versus -71.1%).
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.
DNUT vs ELTX: side by side
| DNUT (Krispy Kreme, Inc.) | ELTX (Elicio Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -5.0% | -71.1% |
| 5-year return | -78.8% | -97.2% |
| Volatility (ann.) | 64.8% | 93.6% |
| Beta vs S&P 500 | 1.27 | 0.68 |
| Max drawdown (3Y) | -84.9% | -81.4% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNUT | ELTX |
|---|---|---|
| 2022 | -44.9% | -72.0% |
| 2023 | +47.7% | +2.7% |
| 2024 | -33.4% | -38.8% |
| 2025 | -59.0% | +56.1% |
| 2026 | -14.9% | -62.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNUT and ELTX good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DNUT and ELTX?
The DNUT/ELTX correlation stands at 0.32 on a 3-year window (1 year: 0.46, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is ELTX a good diversifier for DNUT?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/dnut-vs-eltx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dnut-vs-eltx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DNUT correlations · ELTX correlations
