HAL vs TARS: Correlation
Measured on weekly returns over the past three years, Halliburton (HAL) and Tarsus Pharmaceuticals, Inc. (TARS) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAL and TARS?
On 3 years of weekly data the HAL/TARS correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.17 over 3. The 5-year figure is -0.08, and annualized covariance runs at -344.8 %².
By 3-year correlation, TARS places #38 of the 44 assets tracked against HAL. The last year tells two different stories: HAL led by 38.4 percentage points, +62.8% for HAL against +24.4% for TARS.
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.
HAL vs TARS: side by side
| HAL (Halliburton) | TARS (Tarsus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +62.8% | +24.4% |
| 5-year return | +93.6% | +171.4% |
| Volatility (ann.) | 38.0% | 53.2% |
| Beta vs S&P 500 | 0.55 | 0.51 |
| Max drawdown (3Y) | -54.0% | -45.1% |
| Market cap | $29.6B | $3.2B |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 1.97% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | HAL | TARS |
|---|---|---|
| 2022 | +74.5% | -34.8% |
| 2023 | -6.5% | +38.1% |
| 2024 | -23.2% | +173.4% |
| 2025 | +7.0% | +47.9% |
| 2026 | +26.7% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAL and TARS good diversifiers for each other?
Yes. With a correlation of -0.17, HAL and TARS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HAL and TARS?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.19 over the last year and -0.08 over 5 years.
Is TARS a good diversifier for HAL?
Yes. With a correlation of -0.17, HAL and TARS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hal-vs-tars.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hal-vs-tars/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAL correlations · TARS correlations
