IDYA vs TNGX: Correlation
IDEAYA Biosciences, Inc. (IDYA) and Tango Therapeutics, Inc. (TNGX) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDYA and TNGX?
On 3 years of weekly data the IDYA/TNGX correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 1960.4 %².
By 3-year correlation, TNGX places #18 of the 23 assets tracked against IDYA. Correlation aside, the last 12 months split them widely, with TNGX ahead by 199.3 points (+67.1% versus +266.4%). One caveat on sizing: TNGX is 2.4 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.
IDYA vs TNGX: side by side
| IDYA (IDEAYA Biosciences, Inc.) | TNGX (Tango Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +67.1% | +266.4% |
| 5-year return | +82.5% | +112.1% |
| Volatility (ann.) | 45.3% | 109.5% |
| Beta vs S&P 500 | 1.37 | 1.01 |
| Max drawdown (3Y) | -69.2% | -91.5% |
| Market cap | $4.0B | $4.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDYA | TNGX |
|---|---|---|
| 2022 | -23.1% | -33.7% |
| 2023 | +95.8% | +36.6% |
| 2024 | -27.8% | -68.8% |
| 2025 | +34.5% | +186.7% |
| 2026 | +20.8% | +185.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDYA and TNGX good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IDYA and TNGX?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.44 over the last year and 0.35 over 5 years.
Is TNGX a good diversifier for IDYA?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/idya-vs-tngx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/idya-vs-tngx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IDYA correlations · TNGX correlations
