GP vs TIL: Correlation
How closely do GreenPower Motor Company Inc. (GP) and Instil Bio, Inc. (TIL) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GP and TIL?
Over the past 3 years, GP and TIL moved with a correlation of 0.49, which is moderate. The past 12 months show a weaker link (-0.44) than the 3-year average (0.49). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 15265.5 %².
TIL is one of the assets that tracks GP most closely: it ranks #1 out of the 12 assets we track against GP. The trailing year gives GP the advantage: -61.3% versus -71.9%, a 10.6-point spread. Note the risk asymmetry: TIL runs 2.8 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.
GP vs TIL: side by side
| GP (GreenPower Motor Company Inc.) | TIL (Instil Bio, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -71.9% |
| 5-year return | -99.0% | -97.9% |
| Volatility (ann.) | 104.8% | 296.1% |
| Beta vs S&P 500 | 1.76 | 3.91 |
| Max drawdown (3Y) | -98.0% | -92.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GP | TIL |
|---|---|---|
| 2022 | -81.8% | -96.3% |
| 2023 | +80.9% | -39.5% |
| 2024 | -75.4% | +150.5% |
| 2025 | -89.9% | -42.4% |
| 2026 | +71.8% | -28.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GP and TIL good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GP and TIL?
The GP/TIL correlation stands at 0.49 on a 3-year window (1 year: -0.44, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is TIL a good diversifier for GP?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gp-vs-til.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: GP correlations · TIL correlations
