SXTP vs USAS: Correlation
Measured on weekly returns over the past three years, 60 Degrees Pharmaceuticals, Inc. (SXTP) and Americas Gold and Silver Corporation (USAS) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SXTP and USAS?
Over the past 3 years, SXTP and USAS moved with a correlation of 0.37, which is moderate. The past 12 months show a tighter link (0.48) than the 3-year average (0.37). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3796.0 %².
Within SXTP's tracked universe of 12 assets, USAS comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with USAS ahead by 217.8 points (-78.6% versus +139.2%). Risk is not evenly split, since SXTP carries 1.5 times the volatility of the other side.
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.
SXTP vs USAS: side by side
| SXTP (60 Degrees Pharmaceuticals, Inc.) | USAS (Americas Gold and Silver Corporation) | |
|---|---|---|
| 1-year return | -78.6% | +139.2% |
| 5-year return | n/a | +122.9% |
| Volatility (ann.) | 125.4% | 82.6% |
| Beta vs S&P 500 | 2.11 | 1.41 |
| Max drawdown (3Y) | -99.7% | -63.5% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SXTP | USAS |
|---|---|---|
| 2022 | – | -29.6% |
| 2023 | – | -56.1% |
| 2024 | -89.5% | +52.0% |
| 2025 | -92.1% | +437.9% |
| 2026 | -47.8% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SXTP and USAS good diversifiers for each other?
Reasonably. At 0.37, SXTP and USAS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SXTP and USAS?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.48 over the last year and n/a over 5 years.
Is USAS a good diversifier for SXTP?
Reasonably. At 0.37, SXTP and USAS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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/sxtp-vs-usas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sxtp-vs-usas/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SXTP correlations · USAS correlations
