FATE vs TNYA: Correlation
Fate Therapeutics, Inc. (FATE) and Tenaya Therapeutics, Inc. (TNYA) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FATE and TNYA?
Across a 3-year window, the weekly returns of FATE and TNYA correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 6165.6 %².
Within FATE's tracked universe of 21 assets, TNYA comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FATE ahead by 163.6 points (+126.8% versus -36.8%).
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.
FATE vs TNYA: side by side
| FATE (Fate Therapeutics, Inc.) | TNYA (Tenaya Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +126.8% | -36.8% |
| 5-year return | -96.5% | -97.3% |
| Volatility (ann.) | 110.8% | 126.0% |
| Beta vs S&P 500 | 2.88 | 2.90 |
| Max drawdown (3Y) | -91.9% | -94.3% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FATE | TNYA |
|---|---|---|
| 2022 | -82.8% | -89.4% |
| 2023 | -62.9% | +61.2% |
| 2024 | -55.9% | -55.9% |
| 2025 | -40.6% | -50.2% |
| 2026 | +159.2% | -2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FATE and TNYA good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FATE and TNYA?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.38 over the last year and 0.41 over 5 years.
Is TNYA a good diversifier for FATE?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/fate-vs-tnya.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fate-vs-tnya/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FATE correlations · TNYA correlations
