HCTI vs URGN: Correlation
Healthcare Triangle, Inc. (HCTI) and UroGen Pharma Ltd. (URGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCTI and URGN?
Across a 3-year window, the weekly returns of HCTI and URGN correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.38 over 3 years. Stretching to 5 years gives 0.25, with an annualized covariance of 8395.8 %².
Among the 15 assets we track against HCTI, URGN ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months URGN outperformed by 232.4 percentage points (-99.5% for HCTI against +132.9% for URGN). Note the risk asymmetry: HCTI 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.
HCTI vs URGN: side by side
| HCTI (Healthcare Triangle, Inc.) | URGN (UroGen Pharma Ltd.) | |
|---|---|---|
| 1-year return | -99.5% | +132.9% |
| 5-year return | -100.0% | +157.5% |
| Volatility (ann.) | 249.0% | 88.1% |
| Beta vs S&P 500 | 0.19 | 1.29 |
| Max drawdown (3Y) | -100.0% | -79.7% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCTI | URGN |
|---|---|---|
| 2022 | -90.1% | -6.7% |
| 2023 | +52.5% | +69.1% |
| 2024 | -64.1% | -29.0% |
| 2025 | -99.7% | +119.9% |
| 2026 | -97.8% | +94.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCTI and URGN good diversifiers for each other?
Reasonably. At 0.38, HCTI and URGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HCTI and URGN?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.11 over the last year and 0.25 over 5 years.
Is URGN a good diversifier for HCTI?
Reasonably. At 0.38, HCTI and URGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/hcti-vs-urgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hcti-vs-urgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HCTI correlations · URGN correlations
