ACRS vs TGT: Correlation
How closely do Aclaris Therapeutics, Inc. (ACRS) and Target Corporation (TGT) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRS and TGT?
Across a 3-year window, the weekly returns of ACRS and TGT correlate at -0.23, 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 (-0.23). Stretching to 5 years gives -0.14, with an annualized covariance of -779.3 %².
TGT is close to the least connected end of ACRS's tracked universe, ranking #11 of 14. Their recent paths diverged sharply: over the last 12 months ACRS outperformed by 162.3 percentage points (+238.5% for ACRS against +76.2% for TGT). One caveat on sizing: ACRS is 3.3 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.
ACRS vs TGT: side by side
| ACRS (Aclaris Therapeutics, Inc.) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | +238.5% | +76.2% |
| 5-year return | -60.0% | -22.2% |
| Volatility (ann.) | 105.3% | 32.0% |
| Beta vs S&P 500 | 1.25 | 0.62 |
| Max drawdown (3Y) | -91.9% | -49.8% |
| Market cap | $0.9B | $75.4B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ACRS | TGT |
|---|---|---|
| 2022 | +8.3% | -34.2% |
| 2023 | -93.3% | -1.4% |
| 2024 | +136.2% | -2.3% |
| 2025 | +21.4% | -24.5% |
| 2026 | +104.7% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRS and TGT good diversifiers for each other?
Yes. With a correlation of -0.23, ACRS and TGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACRS and TGT?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.05 over the last year and -0.14 over 5 years.
Is TGT a good diversifier for ACRS?
Yes. With a correlation of -0.23, ACRS and TGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: ACRS correlations · TGT correlations
