GH vs TEM: Correlation
How closely do Guardant Health, Inc. (GH) and Tempus AI, Inc. (TEM) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GH and TEM?
On 3 years of weekly data the GH/TEM correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.47 over 3. The 5-year figure is n/a, and annualized covariance runs at 3125.5 %².
Among the 12 assets we track against GH, TEM ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GH ahead by 168.9 points (+165.4% versus -3.5%). Risk is not evenly split, since TEM carries 1.6 times the volatility of the other side.
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.
GH vs TEM: side by side
| GH (Guardant Health, Inc.) | TEM (Tempus AI, Inc.) | |
|---|---|---|
| 1-year return | +165.4% | -3.5% |
| 5-year return | +33.5% | n/a |
| Volatility (ann.) | 64.9% | 104.7% |
| Beta vs S&P 500 | 1.44 | 3.25 |
| Max drawdown (3Y) | -59.8% | -59.8% |
| Market cap | $22.6B | $12.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GH | TEM |
|---|---|---|
| 2022 | -72.8% | – |
| 2023 | -0.6% | – |
| 2024 | +12.9% | – |
| 2025 | +234.3% | +74.9% |
| 2026 | +65.0% | +19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GH and TEM good diversifiers for each other?
Reasonably. At 0.47, GH and TEM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GH and TEM?
As of 2026-08-27, the correlation of weekly returns between GH and TEM is 0.47 over 3 years, 0.40 over 1 year and n/a over 5 years.
Is TEM a good diversifier for GH?
Reasonably. At 0.47, GH and TEM keep a meaningful degree of independence, and combining them has historically reduced portfolio 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.
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Related comparisons
Hubs: GH correlations · TEM correlations
