NLOP vs TGTX: Correlation
How closely do Net Lease Office Properties (NLOP) and TG Therapeutics, Inc. (TGTX) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NLOP and TGTX?
On 3 years of weekly data the NLOP/TGTX correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.16 versus -0.35 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -949.0 %².
TGTX is close to the least connected end of NLOP's tracked universe, ranking #17 of 17. Correlation aside, the last 12 months split them widely, with TGTX ahead by 87.0 points (+8.0% versus +95.0%). Note the risk asymmetry: TGTX runs 1.8 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.
NLOP vs TGTX: side by side
| NLOP (Net Lease Office Properties) | TGTX (TG Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +8.0% | +95.0% |
| 5-year return | n/a | +108.6% |
| Volatility (ann.) | 39.2% | 68.7% |
| Beta vs S&P 500 | 0.18 | 1.09 |
| Max drawdown (3Y) | -46.0% | -42.0% |
| Market cap | $0.2B | $8.5B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NLOP | TGTX |
|---|---|---|
| 2022 | – | -37.7% |
| 2023 | – | +44.4% |
| 2024 | +68.9% | +76.2% |
| 2025 | +5.9% | -1.0% |
| 2026 | +8.5% | +86.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NLOP and TGTX good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between NLOP and TGTX?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.16 over the last year and n/a over 5 years.
Is TGTX a good diversifier for NLOP?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
A reading of -0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NLOP correlations · TGTX correlations
