ILMN vs TXG: Correlation
Illumina, Inc. (ILMN) and 10x Genomics, Inc. (TXG) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ILMN and TXG?
On 3 years of weekly data the ILMN/TXG correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 1568.3 %².
Within ILMN's tracked universe of 11 assets, TXG comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TXG outperformed by 233.9 percentage points (+128.7% for ILMN against +362.6% for TXG).
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.
ILMN vs TXG: side by side
| ILMN (Illumina, Inc.) | TXG (10x Genomics, Inc.) | |
|---|---|---|
| 1-year return | +128.7% | +362.6% |
| 5-year return | -48.8% | -62.7% |
| Volatility (ann.) | 45.9% | 64.3% |
| Beta vs S&P 500 | 1.22 | 1.55 |
| Max drawdown (3Y) | -57.1% | -87.6% |
| Market cap | $34.4B | $8.4B |
| P/E (trailing) | 42.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ILMN | TXG |
|---|---|---|
| 2022 | -46.9% | -75.5% |
| 2023 | -31.1% | +53.6% |
| 2024 | -1.3% | -74.3% |
| 2025 | -1.8% | +13.6% |
| 2026 | +73.6% | +297.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ILMN and TXG good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ILMN and TXG?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.50 over the last year and 0.53 over 5 years.
Is TXG a good diversifier for ILMN?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 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/ilmn-vs-txg.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ILMN correlations · TXG correlations
