ATYR vs FATE: Correlation
aTyr Pharma, Inc. (ATYR) and Fate Therapeutics, Inc. (FATE) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATYR and FATE?
Across a 3-year window, the weekly returns of ATYR and FATE correlate at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 3949.6 %².
In ATYR's tracked universe of 10 assets, FATE sits right near the top at #3. Correlation aside, the last 12 months split them widely, with FATE ahead by 216.1 points (-89.3% versus +126.8%).
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.
ATYR vs FATE: side by side
| ATYR (aTyr Pharma, Inc.) | FATE (Fate Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -89.3% | +126.8% |
| 5-year return | -89.9% | -96.5% |
| Volatility (ann.) | 94.3% | 110.8% |
| Beta vs S&P 500 | 1.25 | 2.88 |
| Max drawdown (3Y) | -94.0% | -91.9% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATYR | FATE |
|---|---|---|
| 2022 | -70.7% | -82.8% |
| 2023 | -35.6% | -62.9% |
| 2024 | +156.7% | -55.9% |
| 2025 | -78.4% | -40.6% |
| 2026 | -29.2% | +159.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATYR and FATE good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATYR and FATE?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.41 over the last year and 0.30 over 5 years.
Is FATE a good diversifier for ATYR?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/atyr-vs-fate.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atyr-vs-fate/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATYR correlations · FATE correlations
