DSX vs SLXN: Correlation
Measured on weekly returns over the past three years, Diana Shipping inc. (DSX) and Silexion Therapeutics Corp (SLXN) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSX and SLXN?
Over the past 3 years, DSX and SLXN moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.00 versus -0.22 over 3 years. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -4300.9 %².
Out of 13 assets tracked against DSX, SLXN lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months DSX outperformed by 165.5 percentage points (+66.0% for DSX against -99.5% for SLXN). Risk is not evenly split, since SLXN carries 12.9 times the volatility of the other side.
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.
DSX vs SLXN: side by side
| DSX (Diana Shipping inc.) | SLXN (Silexion Therapeutics Corp) | |
|---|---|---|
| 1-year return | +66.0% | -99.5% |
| 5-year return | -10.5% | -100.0% |
| Volatility (ann.) | 38.7% | 498.2% |
| Beta vs S&P 500 | 0.89 | 1.29 |
| Max drawdown (3Y) | -60.1% | -100.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | 5.5 | – |
| Dividend yield | 1.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSX | SLXN |
|---|---|---|
| 2022 | +18.2% | +4.0% |
| 2023 | -15.0% | +7.7% |
| 2024 | -28.1% | -81.5% |
| 2025 | -13.7% | -93.6% |
| 2026 | +64.0% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSX and SLXN good diversifiers for each other?
Yes. With a correlation of -0.22, DSX and SLXN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DSX and SLXN?
The DSX/SLXN correlation stands at -0.22 on a 3-year window (1 year: 0.00, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is SLXN a good diversifier for DSX?
Yes. With a correlation of -0.22, DSX and SLXN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/dsx-vs-slxn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dsx-vs-slxn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DSX correlations · SLXN correlations
