DWTX vs NTRB: Correlation
How closely do Dogwood Therapeutics, Inc. (DWTX) and Nutriband Inc. (NTRB) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWTX and NTRB?
Over the past 3 years, DWTX and NTRB moved with a correlation of 0.57, which is moderate. The past 12 months show a weaker link (0.02) than the 3-year average (0.57). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 19052.2 %².
NTRB is one of the assets that tracks DWTX most closely: it ranks #1 out of the 18 assets we track against DWTX. Their recent paths diverged sharply: over the last 12 months NTRB outperformed by 22.2 percentage points (-50.1% for DWTX against -27.9% for NTRB). One caveat on sizing: DWTX is 3.0 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.
DWTX vs NTRB: side by side
| DWTX (Dogwood Therapeutics, Inc.) | NTRB (Nutriband Inc.) | |
|---|---|---|
| 1-year return | -50.1% | -27.9% |
| 5-year return | -98.2% | -19.5% |
| Volatility (ann.) | 314.7% | 106.0% |
| Beta vs S&P 500 | 2.56 | 1.25 |
| Max drawdown (3Y) | -95.6% | -73.8% |
| 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 | NTRB |
|---|---|---|
| 2022 | -95.4% | -58.3% |
| 2023 | +143.6% | -35.6% |
| 2024 | -82.7% | +103.0% |
| 2025 | +67.1% | -3.6% |
| 2026 | -44.2% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWTX and NTRB good diversifiers for each other?
Only partially. A correlation of 0.57 means DWTX and NTRB 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 NTRB?
As of 2026-08-27, the correlation of weekly returns between DWTX and NTRB is 0.57 over 3 years, 0.02 over 1 year and 0.35 over 5 years.
Is NTRB a good diversifier for DWTX?
Only partially. A correlation of 0.57 means DWTX and NTRB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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-ntrb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dwtx-vs-ntrb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DWTX correlations · NTRB correlations
