PACB vs TXG: Correlation
How closely do Pacific Biosciences of California, Inc. (PACB) and 10x Genomics, Inc. (TXG) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PACB and TXG?
On 3 years of weekly data the PACB/TXG correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.48 over 3. The 5-year figure is 0.58, and annualized covariance runs at 2878.4 %².
By 3-year correlation, TXG places #4 of the 11 assets tracked against PACB. The last year tells two different stories: TXG led by 346.1 percentage points, +16.5% for PACB against +362.6% for TXG.
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.
PACB vs TXG: side by side
| PACB (Pacific Biosciences of California, Inc.) | TXG (10x Genomics, Inc.) | |
|---|---|---|
| 1-year return | +16.5% | +362.6% |
| 5-year return | -94.9% | -62.7% |
| Volatility (ann.) | 93.3% | 64.3% |
| Beta vs S&P 500 | 1.21 | 1.55 |
| Max drawdown (3Y) | -92.2% | -87.6% |
| Market cap | $0.5B | $8.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PACB | TXG |
|---|---|---|
| 2022 | -60.0% | -75.5% |
| 2023 | +19.9% | +53.6% |
| 2024 | -81.3% | -74.3% |
| 2025 | +2.2% | +13.6% |
| 2026 | -17.1% | +297.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PACB and TXG good diversifiers for each other?
Reasonably. At 0.48, PACB and TXG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PACB and TXG?
As of 2026-08-27, the correlation of weekly returns between PACB and TXG is 0.48 over 3 years, 0.50 over 1 year and 0.58 over 5 years.
Is TXG a good diversifier for PACB?
Reasonably. At 0.48, PACB and TXG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/pacb-vs-txg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pacb-vs-txg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PACB correlations · TXG correlations
