LENZ vs TBCH: Correlation
How closely do LENZ Therapeutics, Inc. (LENZ) and Turtle Beach Corporation (TBCH) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LENZ and TBCH?
Across a 3-year window, the weekly returns of LENZ and TBCH correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 1877.3 %².
Among the 10 assets we track against LENZ, TBCH ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TBCH ahead by 70.5 points (-87.1% versus -16.6%).
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.
LENZ vs TBCH: side by side
| LENZ (LENZ Therapeutics, Inc.) | TBCH (Turtle Beach Corporation) | |
|---|---|---|
| 1-year return | -87.1% | -16.6% |
| 5-year return | -92.9% | -55.7% |
| Volatility (ann.) | 78.6% | 57.8% |
| Beta vs S&P 500 | 1.26 | 2.21 |
| Max drawdown (3Y) | -90.6% | -51.8% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LENZ | TBCH |
|---|---|---|
| 2022 | -73.3% | -67.8% |
| 2023 | -21.1% | +52.7% |
| 2024 | +230.7% | +58.1% |
| 2025 | -44.6% | -18.9% |
| 2026 | -69.9% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LENZ and TBCH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LENZ and TBCH?
As of 2026-08-27, the correlation of weekly returns between LENZ and TBCH is 0.41 over 3 years, 0.37 over 1 year and 0.29 over 5 years.
Is TBCH a good diversifier for LENZ?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/lenz-vs-tbch.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lenz-vs-tbch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LENZ correlations · TBCH correlations
