OLMA vs TYRA: Correlation
Olema Pharmaceuticals, Inc. (OLMA) and Tyra Biosciences, Inc. (TYRA) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLMA and TYRA?
Across a 3-year window, the weekly returns of OLMA and TYRA correlate at 0.43, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.43). Stretching to 5 years gives 0.30, with an annualized covariance of 3809.9 %².
By 3-year correlation, TYRA places #7 of the 16 assets tracked against OLMA. On 12-month performance TYRA holds a 14.9-point edge, +88.0% against +102.9%. Note the risk asymmetry: OLMA runs 2.0 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.
OLMA vs TYRA: side by side
| OLMA (Olema Pharmaceuticals, Inc.) | TYRA (Tyra Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +88.0% | +102.9% |
| 5-year return | -64.1% | +0.5% |
| Volatility (ann.) | 133.2% | 66.7% |
| Beta vs S&P 500 | 1.18 | 1.45 |
| Max drawdown (3Y) | -82.1% | -75.3% |
| Market cap | $0.9B | $1.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLMA | TYRA |
|---|---|---|
| 2022 | -73.8% | -46.0% |
| 2023 | +472.7% | +82.2% |
| 2024 | -58.4% | +0.4% |
| 2025 | +328.8% | +89.1% |
| 2026 | -56.8% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLMA and TYRA good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OLMA and TYRA?
As of 2026-08-27, the correlation of weekly returns between OLMA and TYRA is 0.43 over 3 years, 0.56 over 1 year and 0.30 over 5 years.
Is TYRA a good diversifier for OLMA?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/olma-vs-tyra.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/olma-vs-tyra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OLMA correlations · TYRA correlations
