DWSN vs SST: Correlation
Measured on weekly returns over the past three years, Dawson Geophysical Company (DWSN) and System1, Inc. (SST) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWSN and SST?
Over the past 3 years, DWSN and SST moved with a correlation of 0.33, which is moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 4307.1 %².
Few assets follow DWSN as closely as SST, which ranks #2 of 17 tracked partners. Correlation aside, the last 12 months split them widely, with DWSN ahead by 169.0 points (+93.5% versus -75.5%). One caveat on sizing: SST is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DWSN vs SST: side by side
| DWSN (Dawson Geophysical Company) | SST (System1, Inc.) | |
|---|---|---|
| 1-year return | +93.5% | -75.5% |
| 5-year return | +93.2% | -98.1% |
| Volatility (ann.) | 86.8% | 151.9% |
| Beta vs S&P 500 | -0.14 | 0.94 |
| Max drawdown (3Y) | -64.3% | -95.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWSN | SST |
|---|---|---|
| 2022 | -15.5% | -52.9% |
| 2023 | -6.6% | -52.7% |
| 2024 | -14.2% | -59.5% |
| 2025 | +16.4% | -56.3% |
| 2026 | +108.3% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWSN and SST good diversifiers for each other?
Reasonably. At 0.33, DWSN and SST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DWSN and SST?
As of 2026-08-27, the correlation of weekly returns between DWSN and SST is 0.33 over 3 years, 0.28 over 1 year and 0.17 over 5 years.
Is SST a good diversifier for DWSN?
Reasonably. At 0.33, DWSN and SST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/dwsn-vs-sst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dwsn-vs-sst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DWSN correlations · SST correlations
