KNSA vs THC: Correlation
How closely do Kiniksa Pharmaceuticals International, plc - Class A (KNSA) and Tenet Healthcare Corporation (THC) 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 KNSA and THC?
Over the past 3 years, KNSA and THC moved with a correlation of 0.37, which is moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.37). Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 750.5 %².
Among the 12 assets we track against KNSA, THC ranks #5 by 3-year correlation. The last year tells two different stories: KNSA led by 89.6 percentage points, +136.8% for KNSA against +47.2% for THC.
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.
KNSA vs THC: side by side
| KNSA (Kiniksa Pharmaceuticals International, plc - Class A) | THC (Tenet Healthcare Corporation) | |
|---|---|---|
| 1-year return | +136.8% | +47.2% |
| 5-year return | +550.9% | +254.8% |
| Volatility (ann.) | 46.0% | 43.5% |
| Beta vs S&P 500 | 0.55 | 1.01 |
| Max drawdown (3Y) | -34.1% | -34.5% |
| Market cap | $6.2B | $21.6B |
| P/E (trailing) | 79.8 | 10.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNSA | THC |
|---|---|---|
| 2022 | +27.3% | -40.3% |
| 2023 | +17.1% | +54.9% |
| 2024 | +12.8% | +67.0% |
| 2025 | +108.5% | +57.4% |
| 2026 | +93.5% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNSA and THC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KNSA and THC?
As of 2026-08-27, the correlation of weekly returns between KNSA and THC is 0.37 over 3 years, 0.24 over 1 year and 0.17 over 5 years.
Is THC a good diversifier for KNSA?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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/knsa-vs-thc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/knsa-vs-thc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KNSA correlations · THC correlations
