IXHL vs TELO: Correlation
Measured on weekly returns over the past three years, Incannex Healthcare Inc. (IXHL) and Telomir Pharmaceuticals, Inc. (TELO) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IXHL and TELO?
On 3 years of weekly data the IXHL/TELO correlation comes out at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.40). The 5-year figure is n/a, and annualized covariance runs at 9110.3 %².
Among the 10 assets we track against IXHL, TELO ranks #4 by 3-year correlation. The last year tells two different stories: TELO led by 62.0 percentage points, -81.6% for IXHL against -19.6% for TELO. Note the risk asymmetry: IXHL runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
IXHL vs TELO: side by side
| IXHL (Incannex Healthcare Inc.) | TELO (Telomir Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -81.6% | -19.6% |
| 5-year return | -99.8% | n/a |
| Volatility (ann.) | 180.7% | 119.3% |
| Beta vs S&P 500 | 3.15 | 1.22 |
| Max drawdown (3Y) | -99.0% | -92.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IXHL | TELO |
|---|---|---|
| 2023 | -58.6% | – |
| 2024 | -54.3% | – |
| 2025 | -83.1% | -67.7% |
| 2026 | -65.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IXHL and TELO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IXHL and TELO?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.01 over the last year and n/a over 5 years.
Is TELO a good diversifier for IXHL?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
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/ixhl-vs-telo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ixhl-vs-telo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IXHL correlations · TELO correlations
