DRMA vs FT: Correlation
Dermata Therapeutics, Inc. (DRMA) and Franklin Universal Trust (FT) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRMA and FT?
Over the past 3 years, DRMA and FT moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.39). Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is 367.5 %².
Few assets follow DRMA as closely as FT, which ranks #3 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months FT outperformed by 77.2 percentage points (-72.4% for DRMA against +4.8% for FT). One caveat on sizing: DRMA is 8.6 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.
DRMA vs FT: side by side
| DRMA (Dermata Therapeutics, Inc.) | FT (Franklin Universal Trust) | |
|---|---|---|
| 1-year return | -72.4% | +4.8% |
| 5-year return | -100.0% | +31.6% |
| Volatility (ann.) | 90.1% | 10.5% |
| Beta vs S&P 500 | 1.23 | 0.32 |
| Max drawdown (3Y) | -99.4% | -10.6% |
| Market cap | – | – |
| P/E (trailing) | – | 6.0 |
| Dividend yield | 0.00% | 6.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRMA | FT |
|---|---|---|
| 2022 | -76.5% | -14.0% |
| 2023 | -90.7% | +6.6% |
| 2024 | -85.2% | +18.4% |
| 2025 | -82.8% | +17.0% |
| 2026 | -37.1% | +1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRMA and FT good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DRMA and FT?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.26 over the last year and 0.13 over 5 years.
Is FT a good diversifier for DRMA?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/drma-vs-ft.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/drma-vs-ft/)
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Related comparisons
Hubs: DRMA correlations · FT correlations
