BEAM vs TSHA: Correlation
Measured on weekly returns over the past three years, Beam Therapeutics Inc. (BEAM) and Taysha Gene Therapies, Inc. (TSHA) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAM and TSHA?
Over the past 3 years, BEAM and TSHA moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 3145.3 %².
Among the 20 assets we track against BEAM, TSHA ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TSHA ahead by 19.9 points (+80.8% versus +100.7%).
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.
BEAM vs TSHA: side by side
| BEAM (Beam Therapeutics Inc.) | TSHA (Taysha Gene Therapies, Inc.) | |
|---|---|---|
| 1-year return | +80.8% | +100.7% |
| 5-year return | -71.5% | -69.5% |
| Volatility (ann.) | 72.6% | 101.5% |
| Beta vs S&P 500 | 2.39 | 2.63 |
| Max drawdown (3Y) | -67.7% | -72.9% |
| Market cap | $3.1B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEAM | TSHA |
|---|---|---|
| 2022 | -50.9% | -80.6% |
| 2023 | -30.4% | -21.7% |
| 2024 | -8.9% | -2.3% |
| 2025 | +11.8% | +217.9% |
| 2026 | +10.0% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAM and TSHA good diversifiers for each other?
Reasonably. At 0.43, BEAM and TSHA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BEAM and TSHA?
As of 2026-08-27, the correlation of weekly returns between BEAM and TSHA is 0.43 over 3 years, 0.49 over 1 year and 0.30 over 5 years.
Is TSHA a good diversifier for BEAM?
Reasonably. At 0.43, BEAM and TSHA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BEAM correlations · TSHA correlations
