FTH vs GRAL: Correlation
Faeth Therapeutics, Inc. (FTH) and GRAIL, Inc. (GRAL) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTH and GRAL?
Across a 3-year window, the weekly returns of FTH and GRAL correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.27). Stretching to 5 years gives n/a, with an annualized covariance of -5936.3 %².
Among the 19 assets we track against FTH, GRAL sits near the bottom by co-movement, at rank #17. Their recent paths diverged sharply: over the last 12 months FTH outperformed by 175.4 percentage points (+320.7% for FTH against +145.3% for GRAL). One caveat on sizing: FTH is 1.8 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.
FTH vs GRAL: side by side
| FTH (Faeth Therapeutics, Inc.) | GRAL (GRAIL, Inc.) | |
|---|---|---|
| 1-year return | +320.7% | +145.3% |
| 5-year return | -83.6% | n/a |
| Volatility (ann.) | 189.5% | 103.8% |
| Beta vs S&P 500 | 1.77 | 2.60 |
| Max drawdown (3Y) | -84.3% | -62.9% |
| Market cap | $0.9B | $3.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTH | GRAL |
|---|---|---|
| 2022 | -74.3% | – |
| 2023 | -53.6% | – |
| 2024 | -29.2% | – |
| 2025 | +8.9% | +379.5% |
| 2026 | +216.2% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTH and GRAL good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between FTH and GRAL?
As of 2026-08-27, the correlation of weekly returns between FTH and GRAL is -0.27 over 3 years, -0.50 over 1 year and n/a over 5 years.
Is GRAL a good diversifier for FTH?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
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Related comparisons
Hubs: FTH correlations · GRAL correlations
