RZLT vs WETH: Correlation
Rezolute, Inc. (RZLT) and Wetouch Technology Inc. (WETH) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RZLT and WETH?
Across a 3-year window, the weekly returns of RZLT and WETH correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.27). Stretching to 5 years gives n/a, with an annualized covariance of -3206.4 %².
Out of 12 assets tracked against RZLT, WETH lands near the bottom at #10. The last year tells two different stories: WETH led by 48.1 percentage points, -30.8% for RZLT against +17.3% for WETH.
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.
RZLT vs WETH: side by side
| RZLT (Rezolute, Inc.) | WETH (Wetouch Technology Inc.) | |
|---|---|---|
| 1-year return | -30.8% | +17.3% |
| 5-year return | -47.6% | n/a |
| Volatility (ann.) | 103.6% | 112.1% |
| Beta vs S&P 500 | 0.65 | 1.71 |
| Max drawdown (3Y) | -87.2% | -83.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | 1.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RZLT | WETH |
|---|---|---|
| 2022 | -56.7% | – |
| 2023 | -52.0% | – |
| 2024 | +393.5% | – |
| 2025 | -51.8% | -24.3% |
| 2026 | +111.0% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RZLT and WETH good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between RZLT and WETH?
As of 2026-08-27, the correlation of weekly returns between RZLT and WETH is -0.27 over 3 years, -0.05 over 1 year and n/a over 5 years.
Is WETH a good diversifier for RZLT?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rzlt-vs-weth.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rzlt-vs-weth/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: RZLT correlations · WETH correlations
