BIIB vs TELO: Correlation
How closely do Biogen (BIIB) and Telomir Pharmaceuticals, Inc. (TELO) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIIB and TELO?
On 3 years of weekly data the BIIB/TELO correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -677.4 %².
Among the 32 assets we track against BIIB, TELO ranks #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BIIB ahead by 82.0 points (+62.4% versus -19.6%). One caveat on sizing: TELO is 4.0 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.
BIIB vs TELO: side by side
| BIIB (Biogen) | TELO (Telomir Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +62.4% | -19.6% |
| 5-year return | -35.7% | n/a |
| Volatility (ann.) | 30.1% | 119.3% |
| Beta vs S&P 500 | 0.53 | 1.22 |
| Max drawdown (3Y) | -57.7% | -92.3% |
| Market cap | $32.7B | $0.1B |
| P/E (trailing) | 39.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BIIB | TELO |
|---|---|---|
| 2022 | +15.4% | – |
| 2023 | -6.6% | – |
| 2024 | -40.9% | – |
| 2025 | +15.1% | -67.7% |
| 2026 | +25.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIIB and TELO good diversifiers for each other?
Yes. With a correlation of -0.18, BIIB and TELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BIIB and TELO?
The BIIB/TELO correlation stands at -0.18 on a 3-year window (1 year: -0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TELO a good diversifier for BIIB?
Yes. With a correlation of -0.18, BIIB and TELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/biib-vs-telo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/biib-vs-telo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIIB correlations · TELO correlations
