ARDX vs TREE: Correlation
How closely do Ardelyx, Inc. (ARDX) and LendingTree, Inc. (TREE) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDX and TREE?
Over the past 3 years, ARDX and TREE moved with a correlation of 0.40, which is moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.40). Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 2147.9 %².
Few assets follow ARDX as closely as TREE, which ranks #1 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months ARDX outperformed by 19.9 percentage points (-38.3% for ARDX against -58.2% for TREE).
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.
ARDX vs TREE: side by side
| ARDX (Ardelyx, Inc.) | TREE (LendingTree, Inc.) | |
|---|---|---|
| 1-year return | -38.3% | -58.2% |
| 5-year return | +165.3% | -83.0% |
| Volatility (ann.) | 70.9% | 76.1% |
| Beta vs S&P 500 | 1.03 | 1.99 |
| Max drawdown (3Y) | -66.3% | -63.0% |
| Market cap | $1.0B | $0.4B |
| P/E (trailing) | – | 2.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDX | TREE |
|---|---|---|
| 2022 | +159.1% | -82.6% |
| 2023 | +117.5% | +42.1% |
| 2024 | -18.2% | +27.8% |
| 2025 | +15.0% | +37.0% |
| 2026 | -34.5% | -46.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDX and TREE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARDX and TREE?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.18 over the last year and 0.17 over 5 years.
Is TREE a good diversifier for ARDX?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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
$ curl https://www.pairbook.io/api/v1/pairs/ardx-vs-tree.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ardx-vs-tree/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARDX correlations · TREE correlations
