DRCT vs XBIT: Correlation
Direct Digital Holdings, Inc. (DRCT) and XBiotech Inc. (XBIT) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRCT and XBIT?
Across a 3-year window, the weekly returns of DRCT and XBIT correlate at -0.34, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.23) runs above the 3-year figure (-0.34). Stretching to 5 years gives -0.21, with an annualized covariance of -5521.2 %².
XBIT is close to the least connected end of DRCT's tracked universe, ranking #15 of 15. Correlation aside, the last 12 months split them widely, with XBIT ahead by 63.7 points (-97.6% versus -33.9%). One caveat on sizing: DRCT is 4.3 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 XBIT: side by side
| DRCT (Direct Digital Holdings, Inc.) | XBIT (XBiotech Inc.) | |
|---|---|---|
| 1-year return | -97.6% | -33.9% |
| 5-year return | -99.7% | -85.8% |
| Volatility (ann.) | 263.7% | 60.9% |
| Beta vs S&P 500 | 1.38 | 1.09 |
| Max drawdown (3Y) | -100.0% | -78.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRCT | XBIT |
|---|---|---|
| 2022 | – | -68.5% |
| 2023 | +513.6% | +14.0% |
| 2024 | -89.3% | -1.2% |
| 2025 | -96.0% | -39.5% |
| 2026 | -83.6% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRCT and XBIT good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DRCT and XBIT?
As of 2026-08-27, the correlation of weekly returns between DRCT and XBIT is -0.34 over 3 years, 0.23 over 1 year and -0.21 over 5 years.
Is XBIT a good diversifier for DRCT?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/drct-vs-xbit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/drct-vs-xbit/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DRCT correlations · XBIT correlations
