DWTX vs FPH: Correlation
Measured on weekly returns over the past three years, Dogwood Therapeutics, Inc. (DWTX) and Five Point Holdings, LLC Class A (FPH) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWTX and FPH?
On 3 years of weekly data the DWTX/FPH correlation comes out at 0.54, moderate. The link has loosened recently: the 1-year correlation (-0.10) runs below the 3-year figure (0.54). The 5-year figure is 0.41, and annualized covariance runs at 7490.6 %².
FPH is one of the assets that tracks DWTX most closely: it ranks #2 out of the 18 assets we track against DWTX. Their recent paths diverged sharply: over the last 12 months FPH outperformed by 40.8 percentage points (-50.1% for DWTX against -9.3% for FPH). Risk is not evenly split, since DWTX carries 7.2 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.
DWTX vs FPH: side by side
| DWTX (Dogwood Therapeutics, Inc.) | FPH (Five Point Holdings, LLC Class A) | |
|---|---|---|
| 1-year return | -50.1% | -9.3% |
| 5-year return | -98.2% | -37.3% |
| Volatility (ann.) | 314.7% | 44.0% |
| Beta vs S&P 500 | 2.56 | 0.83 |
| Max drawdown (3Y) | -95.6% | -33.4% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | 1.2 | 7.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWTX | FPH |
|---|---|---|
| 2022 | -95.4% | -64.4% |
| 2023 | +143.6% | +31.8% |
| 2024 | -82.7% | +23.1% |
| 2025 | +67.1% | +47.9% |
| 2026 | -44.2% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWTX and FPH good diversifiers for each other?
Only partially. A correlation of 0.54 means DWTX and FPH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DWTX and FPH?
As of 2026-08-27, the correlation of weekly returns between DWTX and FPH is 0.54 over 3 years, -0.10 over 1 year and 0.41 over 5 years.
Is FPH a good diversifier for DWTX?
Only partially. A correlation of 0.54 means DWTX and FPH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 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
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Related comparisons
Hubs: DWTX correlations · FPH correlations
