OBIO vs TEM: Correlation
Measured on weekly returns over the past three years, Orchestra BioMed Holdings, Inc. (OBIO) and Tempus AI, Inc. (TEM) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OBIO and TEM?
Across a 3-year window, the weekly returns of OBIO and TEM correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 3207.8 %².
Few assets follow OBIO as closely as TEM, which ranks #1 of 10 tracked partners. The last year tells two different stories: OBIO led by 83.4 percentage points, +79.9% for OBIO against -3.5% for TEM.
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.
OBIO vs TEM: side by side
| OBIO (Orchestra BioMed Holdings, Inc.) | TEM (Tempus AI, Inc.) | |
|---|---|---|
| 1-year return | +79.9% | -3.5% |
| 5-year return | -47.8% | n/a |
| Volatility (ann.) | 79.5% | 104.7% |
| Beta vs S&P 500 | 1.75 | 3.25 |
| Max drawdown (3Y) | -78.2% | -59.8% |
| Market cap | $0.3B | $12.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OBIO | TEM |
|---|---|---|
| 2022 | -1.0% | – |
| 2023 | -8.5% | – |
| 2024 | -56.2% | – |
| 2025 | +3.8% | +74.9% |
| 2026 | +23.1% | +19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OBIO and TEM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OBIO and TEM?
As of 2026-08-27, the correlation of weekly returns between OBIO and TEM is 0.43 over 3 years, 0.44 over 1 year and n/a over 5 years.
Is TEM a good diversifier for OBIO?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
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Related comparisons
Hubs: OBIO correlations · TEM correlations
