DSY vs INHD: Correlation
Measured on weekly returns over the past three years, Big Tree Cloud Holdings Limited - Class A (DSY) and Inno Holdings Inc. (INHD) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSY and INHD?
Over the past 3 years, DSY and INHD moved with a correlation of 0.60, which is strong. The past 12 months show a tighter link (0.81) than the 3-year average (0.60). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 238745.4 %².
INHD is one of the assets that tracks DSY most closely: it ranks #1 out of the 10 assets we track against DSY. The last year tells two different stories: DSY led by 18.0 percentage points, -81.8% for DSY against -99.8% for INHD. Note the risk asymmetry: INHD runs 13.3 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.
DSY vs INHD: side by side
| DSY (Big Tree Cloud Holdings Limited - Class A) | INHD (Inno Holdings Inc.) | |
|---|---|---|
| 1-year return | -81.8% | -99.8% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 168.9% | 2238.2% |
| Beta vs S&P 500 | 1.72 | -0.52 |
| Max drawdown (3Y) | -99.2% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSY | INHD |
|---|---|---|
| 2024 | -70.4% | -67.3% |
| 2025 | -91.3% | -99.0% |
| 2026 | -28.0% | -73.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSY and INHD good diversifiers for each other?
Only partially. A correlation of 0.60 means DSY and INHD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DSY and INHD?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.81 over the last year and n/a over 5 years.
Is INHD a good diversifier for DSY?
Only partially. A correlation of 0.60 means DSY and INHD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dsy-vs-inhd.json
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Related comparisons
Hubs: DSY correlations · INHD correlations
