ONCY vs TAOX: Correlation
How closely do Oncolytics Biotech Inc. (ONCY) and Tao Synergies Inc. (TAOX) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONCY and TAOX?
Over the past 3 years, ONCY and TAOX moved with a correlation of 0.45, which is moderate. The past 12 months show a weaker link (0.09) than the 3-year average (0.45). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 3400.1 %².
In ONCY's tracked universe of 10 assets, TAOX sits right near the top at #2. The last year tells two different stories: ONCY led by 18.4 percentage points, -19.8% for ONCY against -38.2% for TAOX.
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.
ONCY vs TAOX: side by side
| ONCY (Oncolytics Biotech Inc.) | TAOX (Tao Synergies Inc.) | |
|---|---|---|
| 1-year return | -19.8% | -38.2% |
| 5-year return | -61.2% | -97.5% |
| Volatility (ann.) | 80.8% | 92.9% |
| Beta vs S&P 500 | 1.15 | 1.78 |
| Max drawdown (3Y) | -86.2% | -84.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 2.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONCY | TAOX |
|---|---|---|
| 2022 | +17.3% | -86.4% |
| 2023 | -17.2% | -76.6% |
| 2024 | -32.6% | -49.0% |
| 2025 | -4.4% | +6.1% |
| 2026 | -2.3% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONCY and TAOX good diversifiers for each other?
Reasonably. At 0.45, ONCY and TAOX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ONCY and TAOX?
As of 2026-08-27, the correlation of weekly returns between ONCY and TAOX is 0.45 over 3 years, 0.09 over 1 year and 0.28 over 5 years.
Is TAOX a good diversifier for ONCY?
Reasonably. At 0.45, ONCY and TAOX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/oncy-vs-taox.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oncy-vs-taox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ONCY correlations · TAOX correlations
