PEW vs TELO: Correlation
GrabAGun Digital Holdings Inc. (PEW) and Telomir Pharmaceuticals, Inc. (TELO) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEW and TELO?
Across a 3-year window, the weekly returns of PEW and TELO correlate at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.22 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1354.8 %².
Within PEW's tracked universe of 24 assets, TELO comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TELO outperformed by 37.5 percentage points (-57.1% for PEW against -19.6% for TELO). One caveat on sizing: TELO is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PEW vs TELO: side by side
| PEW (GrabAGun Digital Holdings Inc.) | TELO (Telomir Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -57.1% | -19.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 51.2% | 119.3% |
| Beta vs S&P 500 | 0.44 | 1.22 |
| Max drawdown (3Y) | -86.8% | -92.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are PEW and TELO good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between PEW and TELO?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is TELO a good diversifier for PEW?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/pew-vs-telo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pew-vs-telo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PEW correlations · TELO correlations
