GEN vs TBN: Correlation
Gen Digital (GEN) and Tamboran Resources Corporation (TBN) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and TBN?
Over the past 3 years, GEN and TBN moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.19). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -317.7 %².
Out of 36 assets tracked against GEN, TBN lands near the bottom at #32. Correlation aside, the last 12 months split them widely, with TBN ahead by 85.5 points (+1.2% versus +86.7%). Note the risk asymmetry: TBN runs 1.7 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.
GEN vs TBN: side by side
| GEN (Gen Digital) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | +1.2% | +86.7% |
| 5-year return | +26.3% | n/a |
| Volatility (ann.) | 31.7% | 52.6% |
| Beta vs S&P 500 | 1.02 | -0.08 |
| Max drawdown (3Y) | -43.6% | -38.6% |
| Market cap | $18.3B | $1.3B |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 1.69% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GEN | TBN |
|---|---|---|
| 2022 | -15.8% | – |
| 2023 | +9.3% | – |
| 2024 | +22.4% | – |
| 2025 | +1.1% | +29.7% |
| 2026 | +13.9% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEN and TBN good diversifiers for each other?
Yes. With a correlation of -0.19, GEN and TBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GEN and TBN?
As of 2026-08-27, the correlation of weekly returns between GEN and TBN is -0.19 over 3 years, -0.34 over 1 year and n/a over 5 years.
Is TBN a good diversifier for GEN?
Yes. With a correlation of -0.19, GEN and TBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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: GEN correlations · TBN correlations
