DTIL vs SLDB: Correlation
How closely do Precision BioSciences, Inc. (DTIL) and Solid Biosciences Inc. (SLDB) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTIL and SLDB?
Across a 3-year window, the weekly returns of DTIL and SLDB correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.43, with an annualized covariance of 3694.1 %².
In DTIL's tracked universe of 10 assets, SLDB sits right near the top at #3. On 12-month performance SLDB holds a 12.5-point edge, +67.7% against +80.2%.
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.
DTIL vs SLDB: side by side
| DTIL (Precision BioSciences, Inc.) | SLDB (Solid Biosciences Inc.) | |
|---|---|---|
| 1-year return | +67.7% | +80.2% |
| 5-year return | -97.6% | -75.0% |
| Volatility (ann.) | 72.7% | 103.6% |
| Beta vs S&P 500 | 1.22 | 2.35 |
| Max drawdown (3Y) | -80.8% | -82.9% |
| Market cap | $0.2B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTIL | SLDB |
|---|---|---|
| 2022 | -83.9% | -79.5% |
| 2023 | -69.3% | +14.1% |
| 2024 | -65.2% | -34.9% |
| 2025 | +9.2% | +41.0% |
| 2026 | +101.9% | +79.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTIL and SLDB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DTIL and SLDB?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.39 over the last year and 0.43 over 5 years.
Is SLDB a good diversifier for DTIL?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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.
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Related comparisons
Hubs: DTIL correlations · SLDB correlations
