NUWE vs TELO: Correlation
How closely do Nuwellis, Inc. (NUWE) and Telomir Pharmaceuticals, Inc. (TELO) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUWE and TELO?
Over the past 3 years, NUWE and TELO moved with a correlation of 0.36, which is moderate. The link has loosened recently: the 1-year correlation (-0.09) runs below the 3-year figure (0.36). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 6397.7 %².
Among the 12 assets we track against NUWE, TELO ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TELO outperformed by 79.9 percentage points (-99.5% for NUWE against -19.6% for TELO).
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.
NUWE vs TELO: side by side
| NUWE (Nuwellis, Inc.) | TELO (Telomir Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | -19.6% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 141.6% | 119.3% |
| Beta vs S&P 500 | 1.66 | 1.22 |
| Max drawdown (3Y) | -100.0% | -92.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NUWE | TELO |
|---|---|---|
| 2022 | -90.6% | – |
| 2023 | -94.6% | – |
| 2024 | -94.5% | – |
| 2025 | -96.3% | -67.7% |
| 2026 | -98.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUWE and TELO good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NUWE and TELO?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with -0.09 over the last year and n/a over 5 years.
Is TELO a good diversifier for NUWE?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/nuwe-vs-telo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nuwe-vs-telo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NUWE correlations · TELO correlations
