HURA vs SPGI: Correlation
Measured on weekly returns over the past three years, TuHURA Biosciences, Inc. (HURA) and S&P Global (SPGI) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURA and SPGI?
On 3 years of weekly data the HURA/SPGI correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.16 over 3. The 5-year figure is -0.02, and annualized covariance runs at -590.8 %².
Among the 29 assets we track against HURA, SPGI ranks #10 by 3-year correlation. The trailing year gives SPGI the advantage: -26.6% versus -15.6%, a 11.0-point spread. Risk is not evenly split, since HURA carries 6.2 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 SPGI: side by side
| HURA (TuHURA Biosciences, Inc.) | SPGI (S&P Global) | |
|---|---|---|
| 1-year return | -26.6% | -15.6% |
| 5-year return | -99.9% | +8.1% |
| Volatility (ann.) | 152.6% | 24.7% |
| Beta vs S&P 500 | 0.27 | 0.86 |
| Max drawdown (3Y) | -99.7% | -30.5% |
| Market cap | $0.1B | $128.4B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | HURA | SPGI |
|---|---|---|
| 2022 | -73.0% | -28.4% |
| 2023 | -97.5% | +32.8% |
| 2024 | -31.3% | +13.9% |
| 2025 | -81.5% | +5.7% |
| 2026 | +181.4% | -11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURA and SPGI good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between HURA and SPGI?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.18 over the last year and -0.02 over 5 years.
Is SPGI a good diversifier for HURA?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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.
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Related comparisons
Hubs: HURA correlations · SPGI correlations
