INCY vs TFSL: Correlation
How closely do Incyte (INCY) and TFS Financial Corporation (TFSL) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INCY and TFSL?
On 3 years of weekly data the INCY/TFSL correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 375.9 %².
In INCY's tracked universe of 35 assets, TFSL sits right near the top at #2. Over the last 12 months INCY came out ahead by 14.4 percentage points (+50.6% against +36.2%).
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.
INCY vs TFSL: side by side
| INCY (Incyte) | TFSL (TFS Financial Corporation) | |
|---|---|---|
| 1-year return | +50.6% | +36.2% |
| 5-year return | +68.0% | +35.4% |
| Volatility (ann.) | 33.1% | 23.1% |
| Beta vs S&P 500 | 0.45 | 0.49 |
| Max drawdown (3Y) | -33.8% | -21.3% |
| Market cap | $25.9B | $5.0B |
| P/E (trailing) | 16.3 | 49.7 |
| Dividend yield | 0.00% | 6.31% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | INCY | TFSL |
|---|---|---|
| 2022 | +9.4% | -13.0% |
| 2023 | -21.8% | +11.2% |
| 2024 | +10.0% | -6.7% |
| 2025 | +43.0% | +16.0% |
| 2026 | +29.3% | +39.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCY and TFSL good diversifiers for each other?
Reasonably. At 0.49, INCY and TFSL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INCY and TFSL?
As of 2026-08-27, the correlation of weekly returns between INCY and TFSL is 0.49 over 3 years, 0.57 over 1 year and 0.38 over 5 years.
Is TFSL a good diversifier for INCY?
Reasonably. At 0.49, INCY and TFSL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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
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Related comparisons
Hubs: INCY correlations · TFSL correlations
