LEVI vs TECX: Correlation
Measured on weekly returns over the past three years, Levi Strauss & Co (LEVI) and Tectonic Therapeutic, Inc. (TECX) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEVI and TECX?
On 3 years of weekly data the LEVI/TECX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.26 over 3. The 5-year figure is -0.16, and annualized covariance runs at -5844.0 %².
TECX is close to the least connected end of LEVI's tracked universe, ranking #10 of 12. Correlation aside, the last 12 months split them widely, with TECX ahead by 40.7 points (-2.5% versus +38.2%). Risk is not evenly split, since TECX carries 17.7 times the volatility of the other side.
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.
LEVI vs TECX: side by side
| LEVI (Levi Strauss & Co) | TECX (Tectonic Therapeutic, Inc.) | |
|---|---|---|
| 1-year return | -2.5% | +38.2% |
| 5-year return | -10.8% | -52.9% |
| Volatility (ann.) | 35.5% | 628.0% |
| Beta vs S&P 500 | 1.05 | 0.20 |
| Max drawdown (3Y) | -47.5% | -92.8% |
| Market cap | $8.1B | $0.7B |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 2.61% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEVI | TECX |
|---|---|---|
| 2022 | -36.5% | -81.6% |
| 2023 | +10.0% | +91.5% |
| 2024 | +7.5% | +182.9% |
| 2025 | +23.4% | -54.8% |
| 2026 | +3.5% | +75.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEVI and TECX good diversifiers for each other?
Yes. With a correlation of -0.26, LEVI and TECX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LEVI and TECX?
The LEVI/TECX correlation stands at -0.26 on a 3-year window (1 year: -0.23, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is TECX a good diversifier for LEVI?
Yes. With a correlation of -0.26, LEVI and TECX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/levi-vs-tecx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/levi-vs-tecx/)
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Related comparisons
Hubs: LEVI correlations · TECX correlations
