FRAF vs SXTP: Correlation
Franklin Financial Services Corporation (FRAF) and 60 Degrees Pharmaceuticals, Inc. (SXTP) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRAF and SXTP?
Across a 3-year window, the weekly returns of FRAF and SXTP correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -894.5 %².
SXTP is close to the least connected end of FRAF's tracked universe, ranking #11 of 15. Their recent paths diverged sharply: over the last 12 months FRAF outperformed by 115.4 percentage points (+36.8% for FRAF against -78.6% for SXTP). Note the risk asymmetry: SXTP runs 4.0 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.
FRAF vs SXTP: side by side
| FRAF (Franklin Financial Services Corporation) | SXTP (60 Degrees Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +36.8% | -78.6% |
| 5-year return | +133.8% | n/a |
| Volatility (ann.) | 31.7% | 125.4% |
| Beta vs S&P 500 | 0.22 | 2.11 |
| Max drawdown (3Y) | -25.5% | -99.7% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 2.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRAF | SXTP |
|---|---|---|
| 2022 | +13.5% | – |
| 2023 | -8.8% | – |
| 2024 | -1.4% | -89.5% |
| 2025 | +73.5% | -92.1% |
| 2026 | +25.9% | -47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRAF and SXTP good diversifiers for each other?
Yes. With a correlation of -0.22, FRAF and SXTP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FRAF and SXTP?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.21 over the last year and n/a over 5 years.
Is SXTP a good diversifier for FRAF?
Yes. With a correlation of -0.22, FRAF and SXTP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/fraf-vs-sxtp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fraf-vs-sxtp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRAF correlations · SXTP correlations
