MYO vs TPG: Correlation
Myomo Inc. (MYO) and TPG Inc. (TPG) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYO and TPG?
On 3 years of weekly data the MYO/TPG correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 1440.5 %².
Among the 10 assets we track against MYO, TPG ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MYO outperformed by 56.3 percentage points (+48.2% for MYO against -8.1% for TPG). Note the risk asymmetry: MYO runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MYO vs TPG: side by side
| MYO (Myomo Inc.) | TPG (TPG Inc.) | |
|---|---|---|
| 1-year return | +48.2% | -8.1% |
| 5-year return | -84.2% | +91.2% |
| Volatility (ann.) | 99.7% | 37.6% |
| Beta vs S&P 500 | 1.92 | 1.62 |
| Max drawdown (3Y) | -90.8% | -44.8% |
| Market cap | $0.1B | $21.1B |
| P/E (trailing) | – | 78.2 |
| Dividend yield | 0.00% | 4.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYO | TPG |
|---|---|---|
| 2022 | -92.5% | – |
| 2023 | +880.4% | +62.4% |
| 2024 | +28.5% | +50.6% |
| 2025 | -85.9% | +5.1% |
| 2026 | +82.4% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYO and TPG good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MYO and TPG?
As of 2026-08-27, the correlation of weekly returns between MYO and TPG is 0.38 over 3 years, 0.46 over 1 year and 0.24 over 5 years.
Is TPG a good diversifier for MYO?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/myo-vs-tpg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/myo-vs-tpg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MYO correlations · TPG correlations
