ARI vs HURA: Correlation
How closely do Apollo Commercial Real Estate Finance, Inc (ARI) and TuHURA Biosciences, Inc. (HURA) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARI and HURA?
Over the past 3 years, ARI and HURA moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -746.8 %².
HURA is close to the least connected end of ARI's tracked universe, ranking #8 of 10. Correlation aside, the last 12 months split them widely, with ARI ahead by 38.0 points (+11.4% versus -26.6%). One caveat on sizing: HURA is 6.4 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.
ARI vs HURA: side by side
| ARI (Apollo Commercial Real Estate Finance, Inc) | HURA (TuHURA Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | -26.6% |
| 5-year return | +21.3% | -99.9% |
| Volatility (ann.) | 23.8% | 152.6% |
| Beta vs S&P 500 | 0.64 | 0.27 |
| Max drawdown (3Y) | -24.7% | -99.7% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 14.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARI | HURA |
|---|---|---|
| 2022 | -7.1% | -73.0% |
| 2023 | +24.5% | -97.5% |
| 2024 | -16.5% | -31.3% |
| 2025 | +23.8% | -81.5% |
| 2026 | +13.3% | +181.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARI and HURA good diversifiers for each other?
Yes. With a correlation of -0.21, ARI and HURA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARI and HURA?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.13 over the last year and -0.03 over 5 years.
Is HURA a good diversifier for ARI?
Yes. With a correlation of -0.21, ARI and HURA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/ari-vs-hura.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ari-vs-hura/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARI correlations · HURA correlations
