DTM vs GITS: Correlation
How closely do DT Midstream, Inc. (DTM) and Global Interactive Technologies, Inc. (GITS) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTM and GITS?
On 3 years of weekly data the DTM/GITS correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.25 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -8008.1 %².
Out of 17 assets tracked against DTM, GITS lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months DTM outperformed by 55.0 percentage points (+32.9% for DTM against -22.1% for GITS). Note the risk asymmetry: GITS runs 56.6 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.
DTM vs GITS: side by side
| DTM (DT Midstream, Inc.) | GITS (Global Interactive Technologies, Inc.) | |
|---|---|---|
| 1-year return | +32.9% | -22.1% |
| 5-year return | +248.3% | n/a |
| Volatility (ann.) | 23.9% | 1352.0% |
| Beta vs S&P 500 | 0.42 | -3.91 |
| Max drawdown (3Y) | -23.6% | -98.4% |
| Market cap | $13.4B | – |
| P/E (trailing) | 29.1 | – |
| Dividend yield | 2.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTM | GITS |
|---|---|---|
| 2022 | +20.7% | – |
| 2023 | +4.7% | – |
| 2024 | +88.9% | -69.5% |
| 2025 | +24.1% | +186.6% |
| 2026 | +11.4% | +154.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTM and GITS 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 DTM and GITS?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.09 over the last year and n/a over 5 years.
Is GITS a good diversifier for DTM?
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?
A reading of -0.25 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/dtm-vs-gits.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTM correlations · GITS correlations
