BHM vs TCRX: Correlation
Bluerock Homes Trust, Inc. (BHM) and TScan Therapeutics, Inc. (TCRX) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHM and TCRX?
Across a 3-year window, the weekly returns of BHM and TCRX correlate at 0.26, weak. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. Stretching to 5 years gives 0.13, with an annualized covariance of 880.9 %².
Within BHM's tracked universe of 18 assets, TCRX comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BHM ahead by 25.4 points (-34.5% versus -59.9%). One caveat on sizing: TCRX is 2.0 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.
BHM vs TCRX: side by side
| BHM (Bluerock Homes Trust, Inc.) | TCRX (TScan Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -34.5% | -59.9% |
| 5-year return | n/a | -91.3% |
| Volatility (ann.) | 41.3% | 82.6% |
| Beta vs S&P 500 | 0.13 | 2.01 |
| Max drawdown (3Y) | -54.9% | -92.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 5.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHM | TCRX |
|---|---|---|
| 2022 | – | -65.6% |
| 2023 | -29.7% | +276.1% |
| 2024 | -5.1% | -47.9% |
| 2025 | -15.9% | -67.1% |
| 2026 | -19.4% | -25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHM and TCRX good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BHM and TCRX?
The BHM/TCRX correlation stands at 0.26 on a 3-year window (1 year: 0.24, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is TCRX a good diversifier for BHM?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bhm-vs-tcrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhm-vs-tcrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHM correlations · TCRX correlations
