DWTX vs MPV: Correlation
How closely do Dogwood Therapeutics, Inc. (DWTX) and Barings Participation Investors (MPV) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWTX and MPV?
On 3 years of weekly data the DWTX/MPV correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.19). The 5-year figure is -0.12, and annualized covariance runs at -1274.2 %².
By 3-year correlation, MPV places #12 of the 18 assets tracked against DWTX. Correlation aside, the last 12 months split them widely, with MPV ahead by 36.2 points (-50.1% versus -13.9%). Note the risk asymmetry: DWTX runs 15.0 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 MPV: side by side
| DWTX (Dogwood Therapeutics, Inc.) | MPV (Barings Participation Investors) | |
|---|---|---|
| 1-year return | -50.1% | -13.9% |
| 5-year return | -98.2% | +72.3% |
| Volatility (ann.) | 314.7% | 21.0% |
| Beta vs S&P 500 | 2.56 | 0.27 |
| Max drawdown (3Y) | -95.6% | -20.8% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | 1.2 | 13.1 |
| Dividend yield | 0.00% | 9.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWTX | MPV |
|---|---|---|
| 2022 | -95.4% | -10.7% |
| 2023 | +143.6% | +39.1% |
| 2024 | -82.7% | +20.5% |
| 2025 | +67.1% | +0.7% |
| 2026 | -44.2% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWTX and MPV good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DWTX and MPV?
The DWTX/MPV correlation stands at -0.19 on a 3-year window (1 year: 0.00, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is MPV a good diversifier for DWTX?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/dwtx-vs-mpv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dwtx-vs-mpv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DWTX correlations · MPV correlations
