HURA vs IPGP: Correlation
TuHURA Biosciences, Inc. (HURA) and IPG Photonics Corporation (IPGP) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURA and IPGP?
On 3 years of weekly data the HURA/IPGP correlation comes out at 0.39, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.39). The 5-year figure is 0.31, and annualized covariance runs at 2837.9 %².
Few assets follow HURA as closely as IPGP, which ranks #1 of 29 tracked partners. The last year tells two different stories: IPGP led by 19.0 percentage points, -26.6% for HURA against -7.6% for IPGP. One caveat on sizing: HURA is 3.2 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.
HURA vs IPGP: side by side
| HURA (TuHURA Biosciences, Inc.) | IPGP (IPG Photonics Corporation) | |
|---|---|---|
| 1-year return | -26.6% | -7.6% |
| 5-year return | -99.9% | -55.1% |
| Volatility (ann.) | 152.6% | 48.0% |
| Beta vs S&P 500 | 0.27 | 1.24 |
| Max drawdown (3Y) | -99.7% | -55.1% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | – | 113.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HURA | IPGP |
|---|---|---|
| 2022 | -73.0% | -45.0% |
| 2023 | -97.5% | +14.7% |
| 2024 | -31.3% | -33.0% |
| 2025 | -81.5% | -1.5% |
| 2026 | +181.4% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURA and IPGP good diversifiers for each other?
Reasonably. At 0.39, HURA and IPGP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HURA and IPGP?
The HURA/IPGP correlation stands at 0.39 on a 3-year window (1 year: 0.64, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is IPGP a good diversifier for HURA?
Reasonably. At 0.39, HURA and IPGP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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-ipgp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hura-vs-ipgp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HURA correlations · IPGP correlations
