WHWK vs ZIM: Correlation
Whitehawk Therapeutics, Inc. (WHWK) and ZIM Integrated Shipping Services Ltd. (ZIM) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WHWK and ZIM?
Across a 3-year window, the weekly returns of WHWK and ZIM correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.10) than the 3-year average (-0.23). Stretching to 5 years gives -0.08, with an annualized covariance of -1183.7 %².
Among the 14 assets we track against WHWK, ZIM sits near the bottom by co-movement, at rank #13. The last year tells two different stories: WHWK led by 66.0 percentage points, +169.1% for WHWK against +103.1% for ZIM.
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.
WHWK vs ZIM: side by side
| WHWK (Whitehawk Therapeutics, Inc.) | ZIM (ZIM Integrated Shipping Services Ltd.) | |
|---|---|---|
| 1-year return | +169.1% | +103.1% |
| 5-year return | -80.9% | +125.1% |
| Volatility (ann.) | 69.1% | 73.9% |
| Beta vs S&P 500 | 1.03 | 1.32 |
| Max drawdown (3Y) | -80.6% | -46.2% |
| Market cap | $0.3B | $3.4B |
| P/E (trailing) | – | 24.1 |
| Dividend yield | 0.00% | 4.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | WHWK | ZIM |
|---|---|---|
| 2022 | -46.9% | -52.7% |
| 2023 | -84.3% | -21.1% |
| 2024 | +56.2% | +176.9% |
| 2025 | -23.3% | +25.6% |
| 2026 | +101.2% | +35.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WHWK and ZIM good diversifiers for each other?
Yes. With a correlation of -0.23, WHWK and ZIM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between WHWK and ZIM?
The WHWK/ZIM correlation stands at -0.23 on a 3-year window (1 year: 0.10, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is ZIM a good diversifier for WHWK?
Yes. With a correlation of -0.23, WHWK and ZIM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: WHWK correlations · ZIM correlations
