DSL vs EPRX: Correlation
How closely do DoubleLine Income Solutions Fund (DSL) and Eupraxia Pharmaceuticals Inc. (EPRX) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and EPRX?
On 3 years of weekly data the DSL/EPRX correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.43 over 3. The 5-year figure is n/a, and annualized covariance runs at 224.3 %².
EPRX is close to the least connected end of DSL's tracked universe, ranking #26 of 30. The last year tells two different stories: EPRX led by 43.1 percentage points, -3.7% for DSL against +39.4% for EPRX. Note the risk asymmetry: EPRX runs 4.0 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.
DSL vs EPRX: side by side
| DSL (DoubleLine Income Solutions Fund) | EPRX (Eupraxia Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -3.7% | +39.4% |
| 5-year return | +5.8% | n/a |
| Volatility (ann.) | 12.2% | 49.2% |
| Beta vs S&P 500 | 0.49 | 1.06 |
| Max drawdown (3Y) | -13.5% | -35.9% |
| Market cap | $1.2B | $0.5B |
| P/E (trailing) | 33.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | EPRX |
|---|---|---|
| 2022 | -22.6% | – |
| 2023 | +23.4% | – |
| 2024 | +14.0% | – |
| 2025 | -0.0% | +138.2% |
| 2026 | +2.1% | -2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and EPRX good diversifiers for each other?
Reasonably. At 0.43, DSL and EPRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DSL and EPRX?
The DSL/EPRX correlation stands at 0.43 on a 3-year window (1 year: 0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is EPRX a good diversifier for DSL?
Reasonably. At 0.43, DSL and EPRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/dsl-vs-eprx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsl-vs-eprx/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: DSL correlations · EPRX correlations
