DNUT vs IOVA: Correlation
Measured on weekly returns over the past three years, Krispy Kreme, Inc. (DNUT) and Iovance Biotherapeutics, Inc. (IOVA) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNUT and IOVA?
Across a 3-year window, the weekly returns of DNUT and IOVA correlate at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.44 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 2942.7 %².
Among the 13 assets we track against DNUT, IOVA ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IOVA outperformed by 246.3 percentage points (-5.0% for DNUT against +241.3% for IOVA). Risk is not evenly split, since IOVA carries 1.6 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.
DNUT vs IOVA: side by side
| DNUT (Krispy Kreme, Inc.) | IOVA (Iovance Biotherapeutics, Inc.) | |
|---|---|---|
| 1-year return | -5.0% | +241.3% |
| 5-year return | -78.8% | -64.9% |
| Volatility (ann.) | 64.8% | 103.2% |
| Beta vs S&P 500 | 1.27 | 1.90 |
| Max drawdown (3Y) | -84.9% | -90.5% |
| Market cap | $0.6B | $3.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNUT | IOVA |
|---|---|---|
| 2022 | -44.9% | -66.5% |
| 2023 | +47.7% | +27.2% |
| 2024 | -33.4% | -9.0% |
| 2025 | -59.0% | -63.1% |
| 2026 | -14.9% | +202.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNUT and IOVA good diversifiers for each other?
Reasonably. At 0.44, DNUT and IOVA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DNUT and IOVA?
The DNUT/IOVA correlation stands at 0.44 on a 3-year window (1 year: 0.28, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is IOVA a good diversifier for DNUT?
Reasonably. At 0.44, DNUT and IOVA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-iova.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dnut-vs-iova/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DNUT correlations · IOVA correlations
