ACWI vs TCRT: Correlation
Measured on weekly returns over the past three years, iShares MSCI ACWI ETF (ACWI) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.14, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and TCRT?
Across a 3-year window, the weekly returns of ACWI and TCRT correlate at -0.14, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.06 over 1 year against -0.14 over 3. Stretching to 5 years gives -0.01, with an annualized covariance of -235.9 %².
Within ACWI's tracked universe of 119 assets, TCRT comes in at #110 by 3-year correlation. The last year tells two different stories: ACWI led by 34.9 percentage points, +22.7% for ACWI against -12.2% for TCRT. Risk is not evenly split, since TCRT carries 8.8 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.
ACWI vs TCRT: side by side
| ACWI (iShares MSCI ACWI ETF) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +22.7% | -12.2% |
| 5-year return | +69.0% | -99.3% |
| Volatility (ann.) | 13.8% | 121.9% |
| Beta vs S&P 500 | 0.92 | -1.11 |
| Max drawdown (3Y) | -16.5% | -95.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.44% | 0.00% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | US Listed |
ACWI is a Global Large-Stock Blend fund from iShares: $32.5B under management, 1590 holdings, a 0.32% expense ratio, a 1.44% trailing dividend yield.
Year-by-year returns
| Year | ACWI | TCRT |
|---|---|---|
| 2022 | -18.4% | -40.4% |
| 2023 | +22.3% | -89.2% |
| 2024 | +17.4% | -81.8% |
| 2025 | +22.4% | +69.1% |
| 2026 | +14.9% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACWI and TCRT?
As of 2026-08-27, the correlation of weekly returns between ACWI and TCRT is -0.14 over 3 years, -0.06 over 1 year and -0.01 over 5 years.
Is TCRT a good diversifier for ACWI?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 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/acwi-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acwi-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACWI correlations · TCRT correlations
