LITS vs SXTP: Correlation
How closely do Lite Strategy, Inc. (LITS) and 60 Degrees Pharmaceuticals, Inc. (SXTP) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITS and SXTP?
On 3 years of weekly data the LITS/SXTP correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.22). The 5-year figure is n/a, and annualized covariance runs at -2584.9 %².
Among the 14 assets we track against LITS, SXTP sits near the bottom by co-movement, at rank #12. Twelve-month performance is nearly a tie, at -80.6% for LITS and -78.6% for SXTP.
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.
LITS vs SXTP: side by side
| LITS (Lite Strategy, Inc.) | SXTP (60 Degrees Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -80.6% | -78.6% |
| 5-year return | -97.7% | n/a |
| Volatility (ann.) | 93.2% | 125.4% |
| Beta vs S&P 500 | 0.44 | 2.11 |
| Max drawdown (3Y) | -89.2% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LITS | SXTP |
|---|---|---|
| 2022 | -91.0% | – |
| 2023 | +55.6% | – |
| 2024 | -57.6% | -89.5% |
| 2025 | -46.3% | -92.1% |
| 2026 | -24.2% | -47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITS and SXTP good diversifiers for each other?
Yes. With a correlation of -0.22, LITS and SXTP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LITS and SXTP?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.11 over the last year and n/a over 5 years.
Is SXTP a good diversifier for LITS?
Yes. With a correlation of -0.22, LITS and SXTP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: LITS correlations · SXTP correlations
