PTHS vs SWZ: Correlation
Pelthos Therapeutics Inc. (PTHS) and Total Return Securities Fund (SWZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTHS and SWZ?
Over the past 3 years, PTHS and SWZ moved with a correlation of 0.40, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.40 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 673.6 %².
In PTHS's tracked universe of 14 assets, SWZ sits right near the top at #1. The trailing year gives PTHS the advantage: +5.4% versus -1.2%, a 6.6-point spread. Note the risk asymmetry: PTHS runs 9.1 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.
PTHS vs SWZ: side by side
| PTHS (Pelthos Therapeutics Inc.) | SWZ (Total Return Securities Fund) | |
|---|---|---|
| 1-year return | +5.4% | -1.2% |
| 5-year return | n/a | +13.9% |
| Volatility (ann.) | 125.0% | 13.7% |
| Beta vs S&P 500 | 1.67 | 0.41 |
| Max drawdown (3Y) | -88.7% | -15.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 4.3 |
| Dividend yield | 0.00% | 2.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PTHS | SWZ |
|---|---|---|
| 2022 | – | -17.7% |
| 2023 | – | +15.5% |
| 2024 | – | -2.5% |
| 2025 | +383.6% | +24.1% |
| 2026 | -19.4% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTHS and SWZ good diversifiers for each other?
Reasonably. At 0.40, PTHS and SWZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PTHS and SWZ?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.26 over the last year and n/a over 5 years.
Is SWZ a good diversifier for PTHS?
Reasonably. At 0.40, PTHS and SWZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/pths-vs-swz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pths-vs-swz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PTHS correlations · SWZ correlations
