DIA vs TCRT: Correlation
Measured on weekly returns over the past three years, SPDR Dow Jones Industrial Average ETF (DIA) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and TCRT?
Over the past 3 years, DIA and TCRT moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.10 lands near the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -243.7 %².
Within DIA's tracked universe of 116 assets, TCRT comes in at #108 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DIA outperformed by 31.4 percentage points (+19.2% for DIA against -12.2% for TCRT). Risk is not evenly split, since TCRT carries 9.4 times the volatility of the other side.
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.
DIA vs TCRT: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | -12.2% |
| 5-year return | +64.8% | -99.3% |
| Volatility (ann.) | 13.0% | 121.9% |
| Beta vs S&P 500 | 0.79 | -1.11 |
| Max drawdown (3Y) | -16.0% | -95.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.37% | 0.00% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | US Listed |
DIA, State Street Investment Management's Large Value fund, carries $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | TCRT |
|---|---|---|
| 2022 | -7.0% | -40.4% |
| 2023 | +16.0% | -89.2% |
| 2024 | +14.8% | -81.8% |
| 2025 | +14.7% | +69.1% |
| 2026 | +12.3% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between DIA and TCRT?
As of 2026-08-27, the correlation of weekly returns between DIA and TCRT is -0.15 over 3 years, -0.10 over 1 year and -0.03 over 5 years.
Is TCRT a good diversifier for DIA?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
A reading of -0.15 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/dia-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dia-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DIA correlations · TCRT correlations
