JBIO vs TARS: Correlation
Jade Biosciences, Inc. (JBIO) and Tarsus Pharmaceuticals, Inc. (TARS) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBIO and TARS?
On 3 years of weekly data the JBIO/TARS correlation comes out at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.30 over 3 years. The 5-year figure is 0.24, and annualized covariance runs at 1727.9 %².
Within JBIO's tracked universe of 15 assets, TARS comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JBIO ahead by 143.4 points (+167.8% versus +24.4%). One caveat on sizing: JBIO is 2.0 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.
JBIO vs TARS: side by side
| JBIO (Jade Biosciences, Inc.) | TARS (Tarsus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +167.8% | +24.4% |
| 5-year return | -96.3% | +171.4% |
| Volatility (ann.) | 106.5% | 53.2% |
| Beta vs S&P 500 | 0.77 | 0.51 |
| Max drawdown (3Y) | -99.4% | -45.1% |
| Market cap | $1.4B | $3.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JBIO | TARS |
|---|---|---|
| 2022 | +148.5% | -34.8% |
| 2023 | -22.8% | +38.1% |
| 2024 | -88.3% | +173.4% |
| 2025 | -82.9% | +47.9% |
| 2026 | +38.0% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBIO and TARS good diversifiers for each other?
Reasonably. At 0.30, JBIO and TARS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JBIO and TARS?
As of 2026-08-27, the correlation of weekly returns between JBIO and TARS is 0.30 over 3 years, 0.04 over 1 year and 0.24 over 5 years.
Is TARS a good diversifier for JBIO?
Reasonably. At 0.30, JBIO and TARS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/jbio-vs-tars.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jbio-vs-tars/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBIO correlations · TARS correlations
