DTI vs VIVO: Correlation
How closely do Drilling Tools International Corporation (DTI) and VivoPower PLC - Class A (VIVO) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTI and VIVO?
Over the past 3 years, DTI and VIVO moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.00 versus 0.36 over 3 years. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 5988.7 %².
Among the 13 assets we track against DTI, VIVO ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DTI ahead by 54.3 points (+30.5% versus -23.8%). Risk is not evenly split, since VIVO carries 3.9 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.
DTI vs VIVO: side by side
| DTI (Drilling Tools International Corporation) | VIVO (VivoPower PLC - Class A) | |
|---|---|---|
| 1-year return | +30.5% | -23.8% |
| 5-year return | -74.8% | -92.6% |
| Volatility (ann.) | 65.4% | 256.4% |
| Beta vs S&P 500 | 0.96 | 0.31 |
| Max drawdown (3Y) | -75.0% | -89.9% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTI | VIVO |
|---|---|---|
| 2022 | +4.0% | -91.9% |
| 2023 | -68.7% | -21.5% |
| 2024 | +2.2% | -31.1% |
| 2025 | -25.1% | +70.3% |
| 2026 | +1.2% | +89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTI and VIVO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DTI and VIVO?
The DTI/VIVO correlation stands at 0.36 on a 3-year window (1 year: -0.00, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is VIVO a good diversifier for DTI?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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-vivo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dti-vs-vivo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTI correlations · VIVO correlations
