EMBC vs TRDA: Correlation
Embecta Corp. (EMBC) and Entrada Therapeutics, Inc. (TRDA) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMBC and TRDA?
On 3 years of weekly data the EMBC/TRDA correlation comes out at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.40). The 5-year figure is 0.24, and annualized covariance runs at 1989.0 %².
By 3-year correlation, TRDA places #6 of the 15 assets tracked against EMBC. Correlation aside, the last 12 months split them widely, with TRDA ahead by 92.5 points (-64.5% versus +28.0%).
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.
EMBC vs TRDA: side by side
| EMBC (Embecta Corp.) | TRDA (Entrada Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -64.5% | +28.0% |
| 5-year return | -87.8% | -69.6% |
| Volatility (ann.) | 72.4% | 69.2% |
| Beta vs S&P 500 | 0.91 | 1.19 |
| Max drawdown (3Y) | -85.3% | -76.7% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 3.4 | – |
| Dividend yield | 9.29% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMBC | TRDA |
|---|---|---|
| 2022 | – | -21.0% |
| 2023 | -23.1% | +11.6% |
| 2024 | +13.6% | +14.6% |
| 2025 | -39.6% | -40.5% |
| 2026 | -57.4% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMBC and TRDA good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EMBC and TRDA?
As of 2026-08-27, the correlation of weekly returns between EMBC and TRDA is 0.40 over 3 years, 0.66 over 1 year and 0.24 over 5 years.
Is TRDA a good diversifier for EMBC?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/embc-vs-trda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/embc-vs-trda/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EMBC correlations · TRDA correlations
