PALI vs THW: Correlation
Measured on weekly returns over the past three years, Palisade Bio, Inc. (PALI) and abrdn World Healthcare Fund Shares of Beneficial Interest (THW) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PALI and THW?
Across a 3-year window, the weekly returns of PALI and THW correlate at 0.35, moderate. The past 12 months show a tighter link (0.48) than the 3-year average (0.35). Stretching to 5 years gives 0.19, with an annualized covariance of 769.8 %².
Within PALI's tracked universe of 12 assets, THW comes in at #5 by 3-year correlation. The last year tells two different stories: PALI led by 186.0 percentage points, +219.7% for PALI against +33.7% for THW. Note the risk asymmetry: PALI runs 4.8 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.
PALI vs THW: side by side
| PALI (Palisade Bio, Inc.) | THW (abrdn World Healthcare Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +219.7% | +33.7% |
| 5-year return | -99.9% | +40.2% |
| Volatility (ann.) | 102.3% | 21.4% |
| Beta vs S&P 500 | 0.30 | 0.75 |
| Max drawdown (3Y) | -97.5% | -25.4% |
| Market cap | $0.4B | $0.6B |
| P/E (trailing) | 3.2 | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PALI | THW |
|---|---|---|
| 2022 | -92.0% | -1.2% |
| 2023 | -88.7% | -11.5% |
| 2024 | -81.4% | +5.4% |
| 2025 | +42.4% | +31.1% |
| 2026 | -10.2% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PALI and THW good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PALI and THW?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.48 over the last year and 0.19 over 5 years.
Is THW a good diversifier for PALI?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 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/pali-vs-thw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pali-vs-thw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PALI correlations · THW correlations
