EPRX vs WIA: Correlation
How closely do Eupraxia Pharmaceuticals Inc. (EPRX) and Western Asset Inflation-Linked Income Fund (WIA) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPRX and WIA?
On 3 years of weekly data the EPRX/WIA correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.44 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 134.2 %².
In EPRX's tracked universe of 13 assets, WIA sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months EPRX outperformed by 37.3 percentage points (+39.4% for EPRX against +2.1% for WIA). Note the risk asymmetry: EPRX runs 6.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EPRX vs WIA: side by side
| EPRX (Eupraxia Pharmaceuticals Inc.) | WIA (Western Asset Inflation-Linked Income Fund) | |
|---|---|---|
| 1-year return | +39.4% | +2.1% |
| 5-year return | n/a | -3.9% |
| Volatility (ann.) | 49.2% | 7.2% |
| Beta vs S&P 500 | 1.06 | 0.20 |
| Max drawdown (3Y) | -35.9% | -6.4% |
| Market cap | $0.5B | $0.2B |
| P/E (trailing) | – | 14.0 |
| Dividend yield | 0.00% | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPRX | WIA |
|---|---|---|
| 2022 | – | -25.8% |
| 2023 | – | +5.0% |
| 2024 | – | +6.1% |
| 2025 | +138.2% | +11.4% |
| 2026 | -2.5% | +1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPRX and WIA good diversifiers for each other?
Reasonably. At 0.44, EPRX and WIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EPRX and WIA?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.33 over the last year and n/a over 5 years.
Is WIA a good diversifier for EPRX?
Reasonably. At 0.44, EPRX and WIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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.
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Related comparisons
Hubs: EPRX correlations · WIA correlations
