A vs TXG: Correlation
Measured on weekly returns over the past three years, Agilent Technologies (A) and 10x Genomics, Inc. (TXG) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and TXG?
On 3 years of weekly data the A/TXG correlation comes out at 0.55, moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.55 over 3. The 5-year figure is 0.54, and annualized covariance runs at 1098.7 %².
By 3-year correlation, TXG places #16 of the 33 assets tracked against A. Correlation aside, the last 12 months split them widely, with TXG ahead by 328.7 points (+33.9% versus +362.6%). One caveat on sizing: TXG is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
A vs TXG: side by side
| A (Agilent Technologies) | TXG (10x Genomics, Inc.) | |
|---|---|---|
| 1-year return | +33.9% | +362.6% |
| 5-year return | -7.5% | -62.7% |
| Volatility (ann.) | 31.0% | 64.3% |
| Beta vs S&P 500 | 0.98 | 1.55 |
| Max drawdown (3Y) | -35.3% | -87.6% |
| Market cap | $44.5B | $8.4B |
| P/E (trailing) | 30.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | A | TXG |
|---|---|---|
| 2022 | -5.5% | -75.5% |
| 2023 | -6.4% | +53.6% |
| 2024 | -2.7% | -74.3% |
| 2025 | +1.9% | +13.6% |
| 2026 | +16.6% | +297.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and TXG good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between A and TXG?
The A/TXG correlation stands at 0.55 on a 3-year window (1 year: 0.62, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is TXG a good diversifier for A?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/a-vs-txg.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: A correlations · TXG correlations
