DTI vs IRON: Correlation
Measured on weekly returns over the past three years, Drilling Tools International Corporation (DTI) and Disc Medicine, Inc. (IRON) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTI and IRON?
Over the past 3 years, DTI and IRON moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.14 versus -0.25 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -973.0 %².
IRON is close to the least connected end of DTI's tracked universe, ranking #12 of 13. Over the last 12 months IRON came out ahead by 7.2 percentage points (+30.5% against +37.7%).
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.
DTI vs IRON: side by side
| DTI (Drilling Tools International Corporation) | IRON (Disc Medicine, Inc.) | |
|---|---|---|
| 1-year return | +30.5% | +37.7% |
| 5-year return | -74.8% | -32.4% |
| Volatility (ann.) | 65.4% | 59.7% |
| Beta vs S&P 500 | 0.96 | 1.70 |
| Max drawdown (3Y) | -75.0% | -64.8% |
| Market cap | $0.1B | $3.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTI | IRON |
|---|---|---|
| 2022 | +4.0% | -77.2% |
| 2023 | -68.7% | +190.4% |
| 2024 | +2.2% | +9.8% |
| 2025 | -25.1% | +25.3% |
| 2026 | +1.2% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTI and IRON good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between DTI and IRON?
The DTI/IRON correlation stands at -0.25 on a 3-year window (1 year: -0.14, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is IRON a good diversifier for DTI?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/dti-vs-iron.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dti-vs-iron/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DTI correlations · IRON correlations
