GEF vs TBPH: Correlation
Greif Inc. (GEF) and Theravance Biopharma, Inc. (TBPH) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEF and TBPH?
Over the past 3 years, GEF and TBPH moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 551.4 %².
Among the 16 assets we track against GEF, TBPH ranks #9 by 3-year correlation. The trailing year gives GEF the advantage: +32.9% versus +23.5%, a 9.4-point spread. One caveat on sizing: TBPH is 1.5 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.
GEF vs TBPH: side by side
| GEF (Greif Inc.) | TBPH (Theravance Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +32.9% | +23.5% |
| 5-year return | +58.9% | +102.9% |
| Volatility (ann.) | 27.9% | 42.5% |
| Beta vs S&P 500 | 0.71 | 0.92 |
| Max drawdown (3Y) | -30.8% | -34.6% |
| Market cap | $4.8B | $0.9B |
| P/E (trailing) | 34.9 | 16.4 |
| Dividend yield | 4.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GEF | TBPH |
|---|---|---|
| 2022 | +14.5% | +1.5% |
| 2023 | +0.9% | +0.2% |
| 2024 | -3.6% | -16.3% |
| 2025 | +14.8% | +98.8% |
| 2026 | +27.0% | -8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEF and TBPH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GEF and TBPH?
As of 2026-08-27, the correlation of weekly returns between GEF and TBPH is 0.47 over 3 years, 0.45 over 1 year and 0.31 over 5 years.
Is TBPH a good diversifier for GEF?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gef-vs-tbph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gef-vs-tbph/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEF correlations · TBPH correlations
