DWTX vs PDX: Correlation
Dogwood Therapeutics, Inc. (DWTX) and PIMCO Dynamic Income Strategy Fund (PDX) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWTX and PDX?
Across a 3-year window, the weekly returns of DWTX and PDX correlate at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.33). Stretching to 5 years gives -0.19, with an annualized covariance of -2673.3 %².
Among the 18 assets we track against DWTX, PDX sits near the bottom by co-movement, at rank #16. The last year tells two different stories: PDX led by 61.0 percentage points, -50.1% for DWTX against +10.9% for PDX. Risk is not evenly split, since DWTX carries 12.1 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 PDX: side by side
| DWTX (Dogwood Therapeutics, Inc.) | PDX (PIMCO Dynamic Income Strategy Fund) | |
|---|---|---|
| 1-year return | -50.1% | +10.9% |
| 5-year return | -98.2% | +203.4% |
| Volatility (ann.) | 314.7% | 26.1% |
| Beta vs S&P 500 | 2.56 | 0.40 |
| Max drawdown (3Y) | -95.6% | -37.2% |
| Market cap | $0.1B | $1.0B |
| P/E (trailing) | 1.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWTX | PDX |
|---|---|---|
| 2022 | -95.4% | +23.0% |
| 2023 | +143.6% | +44.5% |
| 2024 | -82.7% | +37.0% |
| 2025 | +67.1% | -10.6% |
| 2026 | -44.2% | +21.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWTX and PDX good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DWTX and PDX?
The DWTX/PDX correlation stands at -0.33 on a 3-year window (1 year: -0.10, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is PDX a good diversifier for DWTX?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 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-pdx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dwtx-vs-pdx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DWTX correlations · PDX correlations
