DWTX vs GNLX: Correlation
Measured on weekly returns over the past three years, Dogwood Therapeutics, Inc. (DWTX) and Genelux Corporation (GNLX) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWTX and GNLX?
On 3 years of weekly data the DWTX/GNLX correlation comes out at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.41). The 5-year figure is n/a, and annualized covariance runs at 12213.4 %².
Within DWTX's tracked universe of 18 assets, GNLX comes in at #5 by 3-year correlation. The last year tells two different stories: GNLX led by 29.2 percentage points, -50.1% for DWTX against -20.9% for GNLX. Risk is not evenly split, since DWTX carries 3.3 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 GNLX: side by side
| DWTX (Dogwood Therapeutics, Inc.) | GNLX (Genelux Corporation) | |
|---|---|---|
| 1-year return | -50.1% | -20.9% |
| 5-year return | -98.2% | n/a |
| Volatility (ann.) | 314.7% | 94.6% |
| Beta vs S&P 500 | 2.56 | 0.99 |
| Max drawdown (3Y) | -95.6% | -94.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 1.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWTX | GNLX |
|---|---|---|
| 2022 | -95.4% | – |
| 2023 | +143.6% | – |
| 2024 | -82.7% | -83.2% |
| 2025 | +67.1% | +84.7% |
| 2026 | -44.2% | -33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWTX and GNLX good diversifiers for each other?
Reasonably. At 0.41, DWTX and GNLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DWTX and GNLX?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.22 over the last year and n/a over 5 years.
Is GNLX a good diversifier for DWTX?
Reasonably. At 0.41, DWTX and GNLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dwtx-vs-gnlx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dwtx-vs-gnlx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DWTX correlations · GNLX correlations
