DTI vs XXII: Correlation
How closely do Drilling Tools International Corporation (DTI) and 22nd Century Group, Inc (XXII) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTI and XXII?
Across a 3-year window, the weekly returns of DTI and XXII correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 3458.4 %².
Within DTI's tracked universe of 13 assets, XXII comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DTI outperformed by 129.9 percentage points (+30.5% for DTI against -99.4% for XXII). Note the risk asymmetry: XXII runs 1.8 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.
DTI vs XXII: side by side
| DTI (Drilling Tools International Corporation) | XXII (22nd Century Group, Inc) | |
|---|---|---|
| 1-year return | +30.5% | -99.4% |
| 5-year return | -74.8% | -100.0% |
| Volatility (ann.) | 65.4% | 119.0% |
| Beta vs S&P 500 | 0.96 | 2.06 |
| Max drawdown (3Y) | -75.0% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTI | XXII |
|---|---|---|
| 2022 | +4.0% | -70.2% |
| 2023 | -68.7% | -98.7% |
| 2024 | +2.2% | -98.7% |
| 2025 | -25.1% | -99.4% |
| 2026 | +1.2% | -98.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTI and XXII good diversifiers for each other?
Reasonably. At 0.44, DTI and XXII keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DTI and XXII?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.36 over the last year and 0.32 over 5 years.
Is XXII a good diversifier for DTI?
Reasonably. At 0.44, DTI and XXII keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-xxii.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dti-vs-xxii/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DTI correlations · XXII correlations
