NTRB vs RNAZ: Correlation
Measured on weekly returns over the past three years, Nutriband Inc. (NTRB) and TransCode Therapeutics, Inc. (RNAZ) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTRB and RNAZ?
On 3 years of weekly data the NTRB/RNAZ correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.09) than the 3-year average (0.37). The 5-year figure is 0.23, and annualized covariance runs at 6794.4 %².
Within NTRB's tracked universe of 11 assets, RNAZ comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NTRB ahead by 49.4 points (-27.9% versus -77.3%). One caveat on sizing: RNAZ is 1.6 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.
NTRB vs RNAZ: side by side
| NTRB (Nutriband Inc.) | RNAZ (TransCode Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -27.9% | -77.3% |
| 5-year return | -19.5% | -100.0% |
| Volatility (ann.) | 106.0% | 173.5% |
| Beta vs S&P 500 | 1.25 | 2.47 |
| Max drawdown (3Y) | -73.8% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTRB | RNAZ |
|---|---|---|
| 2022 | -58.3% | -73.5% |
| 2023 | -35.6% | -98.8% |
| 2024 | +103.0% | -98.5% |
| 2025 | -3.6% | -92.8% |
| 2026 | +1.8% | -66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTRB and RNAZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NTRB and RNAZ?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.09 over the last year and 0.23 over 5 years.
Is RNAZ a good diversifier for NTRB?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/ntrb-vs-rnaz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ntrb-vs-rnaz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NTRB correlations · RNAZ correlations
