HURA vs ICE: Correlation
How closely do TuHURA Biosciences, Inc. (HURA) and Intercontinental Exchange (ICE) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURA and ICE?
Over the past 3 years, HURA and ICE moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -691.6 %².
Among the 29 assets we track against HURA, ICE ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ICE ahead by 18.7 points (-26.6% versus -7.9%). Note the risk asymmetry: HURA runs 7.2 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.
HURA vs ICE: side by side
| HURA (TuHURA Biosciences, Inc.) | ICE (Intercontinental Exchange) | |
|---|---|---|
| 1-year return | -26.6% | -7.9% |
| 5-year return | -99.9% | +44.2% |
| Volatility (ann.) | 152.6% | 21.2% |
| Beta vs S&P 500 | 0.27 | 0.62 |
| Max drawdown (3Y) | -99.7% | -33.9% |
| Market cap | $0.1B | $90.5B |
| P/E (trailing) | – | 22.7 |
| Dividend yield | 0.00% | 1.24% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | HURA | ICE |
|---|---|---|
| 2022 | -73.0% | -23.9% |
| 2023 | -97.5% | +27.1% |
| 2024 | -31.3% | +17.5% |
| 2025 | -81.5% | +9.9% |
| 2026 | +181.4% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURA and ICE good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HURA and ICE?
The HURA/ICE correlation stands at -0.21 on a 3-year window (1 year: -0.29, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is ICE a good diversifier for HURA?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/hura-vs-ice.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hura-vs-ice/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HURA correlations · ICE correlations
