DTI vs ORKA: Correlation
Drilling Tools International Corporation (DTI) and Oruka Therapeutics, Inc. (ORKA) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTI and ORKA?
On 3 years of weekly data the DTI/ORKA correlation comes out at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.16 versus 0.35 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 1842.3 %².
Within DTI's tracked universe of 13 assets, ORKA comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ORKA outperformed by 505.5 percentage points (+30.5% for DTI against +536.0% for ORKA).
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 ORKA: side by side
| DTI (Drilling Tools International Corporation) | ORKA (Oruka Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +30.5% | +536.0% |
| 5-year return | -74.8% | +390.4% |
| Volatility (ann.) | 65.4% | 80.7% |
| Beta vs S&P 500 | 0.96 | 0.66 |
| Max drawdown (3Y) | -75.0% | -77.8% |
| Market cap | $0.1B | $6.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTI | ORKA |
|---|---|---|
| 2022 | +4.0% | +10.2% |
| 2023 | -68.7% | -28.3% |
| 2024 | +2.2% | +76.7% |
| 2025 | -25.1% | +56.3% |
| 2026 | +1.2% | +218.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTI and ORKA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DTI and ORKA?
As of 2026-08-27, the correlation of weekly returns between DTI and ORKA is 0.35 over 3 years, -0.16 over 1 year and 0.31 over 5 years.
Is ORKA a good diversifier for DTI?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dti-vs-orka.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dti-vs-orka/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTI correlations · ORKA correlations
