AIOS vs TELA: Correlation
How closely do AIOS Tech Inc. - Class A (AIOS) and TELA Bio, Inc. (TELA) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIOS and TELA?
Across a 3-year window, the weekly returns of AIOS and TELA correlate at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.35 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 4056.5 %².
By 3-year correlation, TELA places #9 of the 14 assets tracked against AIOS. Their recent paths diverged sharply: over the last 12 months TELA outperformed by 15.5 percentage points (-78.6% for AIOS against -63.1% for TELA). One caveat on sizing: AIOS is 2.0 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.
AIOS vs TELA: side by side
| AIOS (AIOS Tech Inc. - Class A) | TELA (TELA Bio, Inc.) | |
|---|---|---|
| 1-year return | -78.6% | -63.1% |
| 5-year return | -99.1% | -95.2% |
| Volatility (ann.) | 153.4% | 75.9% |
| Beta vs S&P 500 | 1.61 | 0.88 |
| Max drawdown (3Y) | -98.1% | -94.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIOS | TELA |
|---|---|---|
| 2022 | -82.2% | -10.2% |
| 2023 | -29.8% | -42.4% |
| 2024 | +67.7% | -54.4% |
| 2025 | -84.1% | -60.9% |
| 2026 | -21.6% | -44.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIOS and TELA good diversifiers for each other?
Reasonably. At 0.35, AIOS and TELA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AIOS and TELA?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.52 over the last year and 0.30 over 5 years.
Is TELA a good diversifier for AIOS?
Reasonably. At 0.35, AIOS and TELA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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
$ curl https://www.pairbook.io/api/v1/pairs/aios-vs-tela.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aios-vs-tela/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIOS correlations · TELA correlations
