DRCT vs TRAW: Correlation
Direct Digital Holdings, Inc. (DRCT) and Traws Pharma, Inc. (TRAW) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRCT and TRAW?
On 3 years of weekly data the DRCT/TRAW correlation comes out at 0.62, strong. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.62 over 3 years. The 5-year figure is 0.57, and annualized covariance runs at 22697.7 %².
Within DRCT's tracked universe of 15 assets, TRAW comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRAW outperformed by 38.8 percentage points (-97.6% for DRCT against -58.8% for TRAW). One caveat on sizing: DRCT is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TRAW: side by side
| DRCT (Direct Digital Holdings, Inc.) | TRAW (Traws Pharma, Inc.) | |
|---|---|---|
| 1-year return | -97.6% | -58.8% |
| 5-year return | -99.7% | -99.5% |
| Volatility (ann.) | 263.7% | 138.3% |
| Beta vs S&P 500 | 1.38 | 0.67 |
| Max drawdown (3Y) | -100.0% | -98.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRCT | TRAW |
|---|---|---|
| 2022 | – | -74.5% |
| 2023 | +513.6% | +15.4% |
| 2024 | -89.3% | -52.6% |
| 2025 | -96.0% | -87.3% |
| 2026 | -83.6% | -48.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRCT and TRAW good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DRCT and TRAW?
As of 2026-08-27, the correlation of weekly returns between DRCT and TRAW is 0.62 over 3 years, 0.24 over 1 year and 0.57 over 5 years.
Is TRAW a good diversifier for DRCT?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 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-traw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/drct-vs-traw/)
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Related comparisons
Hubs: DRCT correlations · TRAW correlations
