DWTX vs KOPN: Correlation
How closely do Dogwood Therapeutics, Inc. (DWTX) and Kopin Corporation (KOPN) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWTX and KOPN?
On 3 years of weekly data the DWTX/KOPN correlation comes out at 0.41, moderate. The past 12 months show a weaker link (0.05) than the 3-year average (0.41). The 5-year figure is 0.36, and annualized covariance runs at 12525.1 %².
Among the 18 assets we track against DWTX, KOPN ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KOPN ahead by 173.2 points (-50.1% versus +123.1%). Note the risk asymmetry: DWTX runs 3.3 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.
DWTX vs KOPN: side by side
| DWTX (Dogwood Therapeutics, Inc.) | KOPN (Kopin Corporation) | |
|---|---|---|
| 1-year return | -50.1% | +123.1% |
| 5-year return | -98.2% | -19.9% |
| Volatility (ann.) | 314.7% | 96.8% |
| Beta vs S&P 500 | 2.56 | 2.59 |
| Max drawdown (3Y) | -95.6% | -78.3% |
| Market cap | $0.1B | $0.9B |
| P/E (trailing) | 1.2 | 120.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWTX | KOPN |
|---|---|---|
| 2022 | -95.4% | -69.7% |
| 2023 | +143.6% | +63.7% |
| 2024 | -82.7% | -33.0% |
| 2025 | +67.1% | +72.1% |
| 2026 | -44.2% | +106.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWTX and KOPN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DWTX and KOPN?
The DWTX/KOPN correlation stands at 0.41 on a 3-year window (1 year: 0.05, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is KOPN a good diversifier for DWTX?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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: DWTX correlations · KOPN correlations
