AYTU vs TNMG: Correlation
Aytu BioPharma, Inc. (AYTU) and TNL Mediagene (TNMG) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AYTU and TNMG?
On 3 years of weekly data the AYTU/TNMG correlation comes out at 0.33, moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.33). The 5-year figure is 0.25, and annualized covariance runs at 3332.3 %².
Within AYTU's tracked universe of 14 assets, TNMG comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AYTU outperformed by 90.2 percentage points (-3.9% for AYTU against -94.1% for TNMG). One caveat on sizing: TNMG is 1.6 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.
AYTU vs TNMG: side by side
| AYTU (Aytu BioPharma, Inc.) | TNMG (TNL Mediagene) | |
|---|---|---|
| 1-year return | -3.9% | -94.1% |
| 5-year return | -97.0% | -99.7% |
| Volatility (ann.) | 80.5% | 126.7% |
| Beta vs S&P 500 | 1.44 | 2.05 |
| Max drawdown (3Y) | -70.2% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AYTU | TNMG |
|---|---|---|
| 2022 | -85.9% | – |
| 2023 | -25.3% | +4.9% |
| 2024 | -40.1% | -26.4% |
| 2025 | +52.9% | -98.3% |
| 2026 | -13.8% | -81.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AYTU and TNMG good diversifiers for each other?
Reasonably. At 0.33, AYTU and TNMG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AYTU and TNMG?
As of 2026-08-27, the correlation of weekly returns between AYTU and TNMG is 0.33 over 3 years, 0.17 over 1 year and 0.25 over 5 years.
Is TNMG a good diversifier for AYTU?
Reasonably. At 0.33, AYTU and TNMG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/aytu-vs-tnmg.json
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Related comparisons
Hubs: AYTU correlations · TNMG correlations
