HURA vs RMD: Correlation
TuHURA Biosciences, Inc. (HURA) and ResMed (RMD) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURA and RMD?
Across a 3-year window, the weekly returns of HURA and RMD correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of -923.2 %².
By 3-year correlation, RMD places #13 of the 29 assets tracked against HURA. Over the last 12 months RMD came out ahead by 11.1 percentage points (-26.6% against -15.5%). Risk is not evenly split, since HURA carries 4.9 times the volatility of the other side.
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 RMD: side by side
| HURA (TuHURA Biosciences, Inc.) | RMD (ResMed) | |
|---|---|---|
| 1-year return | -26.6% | -15.5% |
| 5-year return | -99.9% | -14.6% |
| Volatility (ann.) | 152.6% | 31.2% |
| Beta vs S&P 500 | 0.27 | 0.79 |
| Max drawdown (3Y) | -99.7% | -37.3% |
| Market cap | $0.1B | $34.0B |
| P/E (trailing) | – | 22.6 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | HURA | RMD |
|---|---|---|
| 2022 | -73.0% | -19.5% |
| 2023 | -97.5% | -16.5% |
| 2024 | -31.3% | +34.2% |
| 2025 | -81.5% | +6.3% |
| 2026 | +181.4% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURA and RMD good diversifiers for each other?
Yes. With a correlation of -0.19, HURA and RMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HURA and RMD?
As of 2026-08-27, the correlation of weekly returns between HURA and RMD is -0.19 over 3 years, -0.13 over 1 year and -0.07 over 5 years.
Is RMD a good diversifier for HURA?
Yes. With a correlation of -0.19, HURA and RMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/hura-vs-rmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hura-vs-rmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HURA correlations · RMD correlations
