IART vs TMCI: Correlation
Measured on weekly returns over the past three years, Integra LifeSciences Holdings Corporation (IART) and Treace Medical Concepts, Inc. (TMCI) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IART and TMCI?
On 3 years of weekly data the IART/TMCI correlation comes out at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.55). The 5-year figure is 0.49, and annualized covariance runs at 2930.8 %².
By 3-year correlation, TMCI places #6 of the 16 assets tracked against IART. Their recent paths diverged sharply: over the last 12 months IART outperformed by 51.3 percentage points (+13.3% for IART against -38.0% for TMCI). Risk is not evenly split, since TMCI carries 1.6 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.
IART vs TMCI: side by side
| IART (Integra LifeSciences Holdings Corporation) | TMCI (Treace Medical Concepts, Inc.) | |
|---|---|---|
| 1-year return | +13.3% | -38.0% |
| 5-year return | -77.0% | -81.5% |
| Volatility (ann.) | 58.0% | 92.1% |
| Beta vs S&P 500 | 1.66 | 2.37 |
| Max drawdown (3Y) | -80.3% | -92.6% |
| Market cap | $1.3B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IART | TMCI |
|---|---|---|
| 2022 | -16.3% | +23.3% |
| 2023 | -22.3% | -44.5% |
| 2024 | -47.9% | -41.6% |
| 2025 | -45.2% | -67.1% |
| 2026 | +35.7% | +87.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IART and TMCI good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IART and TMCI?
As of 2026-08-27, the correlation of weekly returns between IART and TMCI is 0.55 over 3 years, 0.40 over 1 year and 0.49 over 5 years.
Is TMCI a good diversifier for IART?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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/iart-vs-tmci.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iart-vs-tmci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IART correlations · TMCI correlations
