KLRS vs THW: Correlation
How closely do Kalaris Therapeutics, Inc. (KLRS) and abrdn World Healthcare Fund Shares of Beneficial Interest (THW) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLRS and THW?
Over the past 3 years, KLRS and THW moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 778.7 %².
THW is one of the assets that tracks KLRS most closely: it ranks #2 out of the 15 assets we track against KLRS. Their 12-month results are close: +33.1% for KLRS against +33.7% for THW. One caveat on sizing: KLRS is 4.6 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.
KLRS vs THW: side by side
| KLRS (Kalaris Therapeutics, Inc.) | THW (abrdn World Healthcare Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +33.1% | +33.7% |
| 5-year return | -99.1% | +40.2% |
| Volatility (ann.) | 98.7% | 21.4% |
| Beta vs S&P 500 | 1.33 | 0.75 |
| Max drawdown (3Y) | -97.0% | -25.4% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | – | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KLRS | THW |
|---|---|---|
| 2022 | -60.4% | -1.2% |
| 2023 | -86.7% | -11.5% |
| 2024 | -38.2% | +5.4% |
| 2025 | -12.6% | +31.1% |
| 2026 | -51.4% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLRS and THW good diversifiers for each other?
Reasonably. At 0.37, KLRS and THW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KLRS and THW?
As of 2026-08-27, the correlation of weekly returns between KLRS and THW is 0.37 over 3 years, 0.38 over 1 year and 0.29 over 5 years.
Is THW a good diversifier for KLRS?
Reasonably. At 0.37, KLRS and THW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KLRS correlations · THW correlations
