DRCT vs SLGL: Correlation
How closely do Direct Digital Holdings, Inc. (DRCT) and Sol-Gel Technologies Ltd. (SLGL) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRCT and SLGL?
Over the past 3 years, DRCT and SLGL moved with a correlation of 0.56, which is moderate. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (0.56). Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 19214.4 %².
Among the 15 assets we track against DRCT, SLGL ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLGL ahead by 328.2 points (-97.6% versus +230.6%). Note the risk asymmetry: DRCT runs 2.0 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.
DRCT vs SLGL: side by side
| DRCT (Direct Digital Holdings, Inc.) | SLGL (Sol-Gel Technologies Ltd.) | |
|---|---|---|
| 1-year return | -97.6% | +230.6% |
| 5-year return | -99.7% | -25.1% |
| Volatility (ann.) | 263.7% | 130.8% |
| Beta vs S&P 500 | 1.38 | 1.42 |
| Max drawdown (3Y) | -100.0% | -86.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRCT | SLGL |
|---|---|---|
| 2022 | – | -38.4% |
| 2023 | +513.6% | -75.8% |
| 2024 | -89.3% | -15.8% |
| 2025 | -96.0% | +353.1% |
| 2026 | -83.6% | +72.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRCT and SLGL good diversifiers for each other?
Only partially. A correlation of 0.56 means DRCT and SLGL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DRCT and SLGL?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with -0.28 over the last year and 0.51 over 5 years.
Is SLGL a good diversifier for DRCT?
Only partially. A correlation of 0.56 means DRCT and SLGL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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/drct-vs-slgl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/drct-vs-slgl/)
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Related comparisons
Hubs: DRCT correlations · SLGL correlations
