NTGR vs TIL: Correlation
NETGEAR, Inc. (NTGR) and Instil Bio, Inc. (TIL) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTGR and TIL?
Across a 3-year window, the weekly returns of NTGR and TIL correlate at 0.46, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.46). Stretching to 5 years gives 0.40, with an annualized covariance of 6943.8 %².
Few assets follow NTGR as closely as TIL, which ranks #3 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with NTGR ahead by 52.9 points (-19.0% versus -71.9%). One caveat on sizing: TIL is 5.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NTGR vs TIL: side by side
| NTGR (NETGEAR, Inc.) | TIL (Instil Bio, Inc.) | |
|---|---|---|
| 1-year return | -19.0% | -71.9% |
| 5-year return | -38.5% | -97.9% |
| Volatility (ann.) | 51.4% | 296.1% |
| Beta vs S&P 500 | 1.43 | 3.91 |
| Max drawdown (3Y) | -44.8% | -92.1% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTGR | TIL |
|---|---|---|
| 2022 | -38.0% | -96.3% |
| 2023 | -19.5% | -39.5% |
| 2024 | +91.2% | +150.5% |
| 2025 | -12.0% | -42.4% |
| 2026 | -10.4% | -28.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTGR and TIL good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NTGR and TIL?
As of 2026-08-27, the correlation of weekly returns between NTGR and TIL is 0.46 over 3 years, 0.18 over 1 year and 0.40 over 5 years.
Is TIL a good diversifier for NTGR?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ntgr-vs-til.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ntgr-vs-til/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NTGR correlations · TIL correlations
