ALGS vs TSHA: Correlation
Aligos Therapeutics, Inc. (ALGS) and Taysha Gene Therapies, Inc. (TSHA) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGS and TSHA?
Across a 3-year window, the weekly returns of ALGS and TSHA correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.39 over 3 years. Stretching to 5 years gives 0.26, with an annualized covariance of 4458.7 %².
Within ALGS's tracked universe of 11 assets, TSHA comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TSHA outperformed by 138.3 percentage points (-37.6% for ALGS against +100.7% for TSHA).
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.
ALGS vs TSHA: side by side
| ALGS (Aligos Therapeutics, Inc.) | TSHA (Taysha Gene Therapies, Inc.) | |
|---|---|---|
| 1-year return | -37.6% | +100.7% |
| 5-year return | -98.3% | -69.5% |
| Volatility (ann.) | 114.1% | 101.5% |
| Beta vs S&P 500 | 1.68 | 2.63 |
| Max drawdown (3Y) | -91.3% | -72.9% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALGS | TSHA |
|---|---|---|
| 2022 | -92.0% | -80.6% |
| 2023 | -30.3% | -21.7% |
| 2024 | +140.0% | -2.3% |
| 2025 | -76.6% | +217.9% |
| 2026 | -24.1% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGS and TSHA good diversifiers for each other?
Reasonably. At 0.39, ALGS and TSHA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALGS and TSHA?
The ALGS/TSHA correlation stands at 0.39 on a 3-year window (1 year: 0.21, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is TSHA a good diversifier for ALGS?
Reasonably. At 0.39, ALGS and TSHA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/algs-vs-tsha/)
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Related comparisons
Hubs: ALGS correlations · TSHA correlations
