PCT vs TIL: Correlation
Measured on weekly returns over the past three years, PureCycle Technologies, Inc. (PCT) and Instil Bio, Inc. (TIL) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCT and TIL?
Across a 3-year window, the weekly returns of PCT and TIL correlate at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.50). Stretching to 5 years gives 0.45, with an annualized covariance of 14615.7 %².
Few assets follow PCT as closely as TIL, which ranks #2 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months PCT outperformed by 16.7 percentage points (-55.2% for PCT against -71.9% for TIL). Note the risk asymmetry: TIL runs 3.0 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.
PCT vs TIL: side by side
| PCT (PureCycle Technologies, Inc.) | TIL (Instil Bio, Inc.) | |
|---|---|---|
| 1-year return | -55.2% | -71.9% |
| 5-year return | -52.3% | -97.9% |
| Volatility (ann.) | 98.0% | 296.1% |
| Beta vs S&P 500 | 2.42 | 3.91 |
| Max drawdown (3Y) | -74.2% | -92.1% |
| Market cap | $1.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCT | TIL |
|---|---|---|
| 2022 | -29.4% | -96.3% |
| 2023 | -40.1% | -39.5% |
| 2024 | +153.1% | +150.5% |
| 2025 | -16.2% | -42.4% |
| 2026 | -22.6% | -28.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCT and TIL good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PCT and TIL?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.05 over the last year and 0.45 over 5 years.
Is TIL a good diversifier for PCT?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/pct-vs-til.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pct-vs-til/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PCT correlations · TIL correlations
