INDP vs SDOT: Correlation
Indaptus Therapeutics, Inc. (INDP) and Sadot Group Inc. (SDOT) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDP and SDOT?
Over the past 3 years, INDP and SDOT moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 15357.4 %².
In INDP's tracked universe of 13 assets, SDOT sits right near the top at #1. The trailing year gives INDP the advantage: -81.9% versus -91.4%, a 9.5-point spread. One caveat on sizing: SDOT is 2.0 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.
INDP vs SDOT: side by side
| INDP (Indaptus Therapeutics, Inc.) | SDOT (Sadot Group Inc.) | |
|---|---|---|
| 1-year return | -81.9% | -91.4% |
| 5-year return | -99.6% | -99.3% |
| Volatility (ann.) | 123.5% | 250.1% |
| Beta vs S&P 500 | 1.78 | -0.18 |
| Max drawdown (3Y) | -99.2% | -99.9% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INDP | SDOT |
|---|---|---|
| 2022 | -74.6% | +26.4% |
| 2023 | +21.4% | -55.9% |
| 2024 | -52.2% | -5.5% |
| 2025 | -87.7% | -96.8% |
| 2026 | -60.1% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDP and SDOT good diversifiers for each other?
Only partially. A correlation of 0.50 means INDP and SDOT 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 INDP and SDOT?
As of 2026-08-27, the correlation of weekly returns between INDP and SDOT is 0.50 over 3 years, 0.59 over 1 year and 0.42 over 5 years.
Is SDOT a good diversifier for INDP?
Only partially. A correlation of 0.50 means INDP and SDOT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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/indp-vs-sdot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/indp-vs-sdot/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INDP correlations · SDOT correlations
