DRMA vs HTD: Correlation
Dermata Therapeutics, Inc. (DRMA) and John Hancock Tax Advantaged Dividend Income Fund (HTD) 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 HTD?
Across a 3-year window, the weekly returns of DRMA and HTD correlate at 0.39, moderate. The past 12 months show a weaker link (0.14) than the 3-year average (0.39). Stretching to 5 years gives 0.15, with an annualized covariance of 561.6 %².
Among the 13 assets we track against DRMA, HTD ranks #5 by 3-year correlation. The last year tells two different stories: HTD led by 83.4 percentage points, -72.4% for DRMA against +11.0% for HTD. One caveat on sizing: DRMA is 5.7 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 HTD: side by side
| DRMA (Dermata Therapeutics, Inc.) | HTD (John Hancock Tax Advantaged Dividend Income Fund) | |
|---|---|---|
| 1-year return | -72.4% | +11.0% |
| 5-year return | -100.0% | +50.6% |
| Volatility (ann.) | 90.1% | 15.9% |
| Beta vs S&P 500 | 1.23 | 0.43 |
| Max drawdown (3Y) | -99.4% | -15.7% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 5.3 |
| Dividend yield | 0.00% | 7.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRMA | HTD |
|---|---|---|
| 2022 | -76.5% | -6.2% |
| 2023 | -90.7% | -9.9% |
| 2024 | -85.2% | +25.7% |
| 2025 | -82.8% | +15.9% |
| 2026 | -37.1% | +12.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRMA and HTD 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 HTD?
The DRMA/HTD correlation stands at 0.39 on a 3-year window (1 year: 0.14, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is HTD 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?
On the −1 to +1 scale, 0.39 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.
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Related comparisons
Hubs: DRMA correlations · HTD correlations
