PFE vs TMQ: Correlation
Measured on weekly returns over the past three years, Pfizer (PFE) and Trilogy Metals Inc. (TMQ) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFE and TMQ?
On 3 years of weekly data the PFE/TMQ correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.17). The 5-year figure is -0.13, and annualized covariance runs at -548.2 %².
Within PFE's tracked universe of 32 assets, TMQ comes in at #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TMQ ahead by 106.7 points (+19.6% versus +126.3%). One caveat on sizing: TMQ is 5.5 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.
PFE vs TMQ: side by side
| PFE (Pfizer) | TMQ (Trilogy Metals Inc.) | |
|---|---|---|
| 1-year return | +19.6% | +126.3% |
| 5-year return | -21.9% | +85.3% |
| Volatility (ann.) | 23.8% | 131.6% |
| Beta vs S&P 500 | 0.40 | 0.28 |
| Max drawdown (3Y) | -34.8% | -72.5% |
| Market cap | $159.7B | $0.7B |
| P/E (trailing) | 37.4 | – |
| Dividend yield | 6.08% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | PFE | TMQ |
|---|---|---|
| 2022 | -10.4% | -66.7% |
| 2023 | -41.3% | -21.8% |
| 2024 | -2.2% | +169.8% |
| 2025 | +0.6% | +271.6% |
| 2026 | +18.3% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFE and TMQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between PFE and TMQ?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.32 over the last year and -0.13 over 5 years.
Is TMQ a good diversifier for PFE?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PFE correlations · TMQ correlations
