ACTG vs TBCH: Correlation
How closely do Acacia Research Corporation (ACTG) and Turtle Beach Corporation (TBCH) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACTG and TBCH?
Over the past 3 years, ACTG and TBCH moved with a correlation of 0.46, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.46 over 3 years. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 870.2 %².
TBCH is one of the assets that tracks ACTG most closely: it ranks #2 out of the 11 assets we track against ACTG. Correlation aside, the last 12 months split them widely, with ACTG ahead by 53.1 points (+36.5% versus -16.6%). Risk is not evenly split, since TBCH carries 1.8 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.
ACTG vs TBCH: side by side
| ACTG (Acacia Research Corporation) | TBCH (Turtle Beach Corporation) | |
|---|---|---|
| 1-year return | +36.5% | -16.6% |
| 5-year return | -23.8% | -55.7% |
| Volatility (ann.) | 32.8% | 57.8% |
| Beta vs S&P 500 | 0.69 | 2.21 |
| Max drawdown (3Y) | -50.0% | -51.8% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACTG | TBCH |
|---|---|---|
| 2022 | -17.9% | -67.8% |
| 2023 | -6.9% | +52.7% |
| 2024 | +10.7% | +58.1% |
| 2025 | -13.8% | -18.9% |
| 2026 | +20.1% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACTG and TBCH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACTG and TBCH?
The ACTG/TBCH correlation stands at 0.46 on a 3-year window (1 year: 0.21, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is TBCH a good diversifier for ACTG?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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[](https://www.pairbook.io/pair/actg-vs-tbch/)
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Related comparisons
Hubs: ACTG correlations · TBCH correlations
