NKE vs TECX: Correlation
How closely do Nike, Inc. (NKE) and Tectonic Therapeutic, Inc. (TECX) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NKE and TECX?
Over the past 3 years, NKE and TECX moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.33 over 3 years. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -7645.8 %².
TECX is close to the least connected end of NKE's tracked universe, ranking #33 of 33. Their recent paths diverged sharply: over the last 12 months TECX outperformed by 87.6 percentage points (-49.4% for NKE against +38.2% for TECX). Risk is not evenly split, since TECX carries 17.2 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.
NKE vs TECX: side by side
| NKE (Nike, Inc.) | TECX (Tectonic Therapeutic, Inc.) | |
|---|---|---|
| 1-year return | -49.4% | +38.2% |
| 5-year return | -75.2% | -52.9% |
| Volatility (ann.) | 36.6% | 628.0% |
| Beta vs S&P 500 | 0.93 | 0.20 |
| Max drawdown (3Y) | -66.9% | -92.8% |
| Market cap | $57.0B | $0.7B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 4.22% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | NKE | TECX |
|---|---|---|
| 2022 | -29.0% | -81.6% |
| 2023 | -6.0% | +91.5% |
| 2024 | -29.1% | +182.9% |
| 2025 | -13.8% | -54.8% |
| 2026 | -38.7% | +75.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NKE and TECX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between NKE and TECX?
The NKE/TECX correlation stands at -0.33 on a 3-year window (1 year: 0.02, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is TECX a good diversifier for NKE?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/nke-vs-tecx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nke-vs-tecx/)
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Related comparisons
Hubs: NKE correlations · TECX correlations
