HCKT vs TRDA: Correlation
The Hackett Group, Inc. (HCKT) and Entrada Therapeutics, Inc. (TRDA) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCKT and TRDA?
Over the past 3 years, HCKT and TRDA moved with a correlation of 0.42, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.42 over 3 years. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 1086.1 %².
Among the 20 assets we track against HCKT, TRDA ranks #10 by 3-year correlation. The last year tells two different stories: TRDA led by 72.1 percentage points, -44.1% for HCKT against +28.0% for TRDA. One caveat on sizing: TRDA is 1.8 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.
HCKT vs TRDA: side by side
| HCKT (The Hackett Group, Inc.) | TRDA (Entrada Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -44.1% | +28.0% |
| 5-year return | -35.3% | -69.6% |
| Volatility (ann.) | 37.5% | 69.2% |
| Beta vs S&P 500 | 0.78 | 1.19 |
| Max drawdown (3Y) | -70.5% | -76.7% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 4.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCKT | TRDA |
|---|---|---|
| 2022 | +1.5% | -21.0% |
| 2023 | +14.1% | +11.6% |
| 2024 | +37.3% | +14.6% |
| 2025 | -34.7% | -40.5% |
| 2026 | -41.9% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCKT and TRDA good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HCKT and TRDA?
As of 2026-08-27, the correlation of weekly returns between HCKT and TRDA is 0.42 over 3 years, 0.52 over 1 year and 0.24 over 5 years.
Is TRDA a good diversifier for HCKT?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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/hckt-vs-trda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hckt-vs-trda/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HCKT correlations · TRDA correlations
