EARN vs TCRT: Correlation
How closely do Ellington Credit Company (EARN) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EARN and TCRT?
On 3 years of weekly data the EARN/TCRT correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -852.8 %².
Out of 14 assets tracked against EARN, TCRT lands near the bottom at #12. Neither side won the trailing year by much: -7.9% against -12.2%. One caveat on sizing: TCRT is 4.9 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.
EARN vs TCRT: side by side
| EARN (Ellington Credit Company) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -7.9% | -12.2% |
| 5-year return | -17.5% | -99.3% |
| Volatility (ann.) | 24.8% | 121.9% |
| Beta vs S&P 500 | 0.92 | -1.11 |
| Max drawdown (3Y) | -31.2% | -95.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | 15.9 | – |
| Dividend yield | 21.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EARN | TCRT |
|---|---|---|
| 2022 | -25.0% | -40.4% |
| 2023 | +3.0% | -89.2% |
| 2024 | +24.6% | -81.8% |
| 2025 | -5.9% | +69.1% |
| 2026 | -5.0% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EARN and TCRT good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EARN and TCRT?
The EARN/TCRT correlation stands at -0.28 on a 3-year window (1 year: -0.38, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for EARN?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/earn-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/earn-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EARN correlations · TCRT correlations
