PEPG vs TRNR: Correlation
Measured on weekly returns over the past three years, PepGen Inc. (PEPG) and Interactive Strength Inc. (TRNR) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEPG and TRNR?
On 3 years of weekly data the PEPG/TRNR correlation comes out at 0.33, moderate. The link has loosened recently: the 1-year correlation (-0.00) runs below the 3-year figure (0.33). The 5-year figure is n/a, and annualized covariance runs at 8399.8 %².
Within PEPG's tracked universe of 14 assets, TRNR comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PEPG outperformed by 246.5 percentage points (+147.6% for PEPG against -98.9% for TRNR).
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.
PEPG vs TRNR: side by side
| PEPG (PepGen Inc.) | TRNR (Interactive Strength Inc.) | |
|---|---|---|
| 1-year return | +147.6% | -98.9% |
| 5-year return | -76.2% | n/a |
| Volatility (ann.) | 168.3% | 151.7% |
| Beta vs S&P 500 | 1.20 | 1.38 |
| Max drawdown (3Y) | -94.6% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEPG | TRNR |
|---|---|---|
| 2023 | -49.1% | – |
| 2024 | -44.3% | -99.9% |
| 2025 | +71.8% | -97.0% |
| 2026 | -52.8% | -94.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEPG and TRNR good diversifiers for each other?
Reasonably. At 0.33, PEPG and TRNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PEPG and TRNR?
The PEPG/TRNR correlation stands at 0.33 on a 3-year window (1 year: -0.00, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TRNR a good diversifier for PEPG?
Reasonably. At 0.33, PEPG and TRNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
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Related comparisons
Hubs: PEPG correlations · TRNR correlations
