DARE vs TSHA: Correlation
How closely do Dare Bioscience, Inc. (DARE) and Taysha Gene Therapies, Inc. (TSHA) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DARE and TSHA?
Across a 3-year window, the weekly returns of DARE and TSHA correlate at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.41). Stretching to 5 years gives 0.26, with an annualized covariance of 3927.4 %².
Within DARE's tracked universe of 11 assets, TSHA comes in at #4 by 3-year correlation. The last year tells two different stories: TSHA led by 164.1 percentage points, -63.4% for DARE against +100.7% for TSHA.
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.
DARE vs TSHA: side by side
| DARE (Dare Bioscience, Inc.) | TSHA (Taysha Gene Therapies, Inc.) | |
|---|---|---|
| 1-year return | -63.4% | +100.7% |
| 5-year return | -96.5% | -69.5% |
| Volatility (ann.) | 94.9% | 101.5% |
| Beta vs S&P 500 | 1.76 | 2.63 |
| Max drawdown (3Y) | -91.3% | -72.9% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DARE | TSHA |
|---|---|---|
| 2022 | -58.5% | -80.6% |
| 2023 | -62.8% | -21.7% |
| 2024 | -15.9% | -2.3% |
| 2025 | -38.1% | +217.9% |
| 2026 | -61.7% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DARE and TSHA good diversifiers for each other?
Reasonably. At 0.41, DARE and TSHA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DARE and TSHA?
The DARE/TSHA correlation stands at 0.41 on a 3-year window (1 year: 0.59, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is TSHA a good diversifier for DARE?
Reasonably. At 0.41, DARE and TSHA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/dare-vs-tsha.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dare-vs-tsha/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DARE correlations · TSHA correlations
