PGEN vs TLS: Correlation
How closely do Precigen, Inc. (PGEN) and Telos Corporation (TLS) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGEN and TLS?
On 3 years of weekly data the PGEN/TLS correlation comes out at 0.47, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.47). The 5-year figure is 0.39, and annualized covariance runs at 4785.9 %².
Few assets follow PGEN as closely as TLS, which ranks #2 of 11 tracked partners. The last year tells two different stories: PGEN led by 73.9 percentage points, +56.6% for PGEN against -17.3% for TLS.
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.
PGEN vs TLS: side by side
| PGEN (Precigen, Inc.) | TLS (Telos Corporation) | |
|---|---|---|
| 1-year return | +56.6% | -17.3% |
| 5-year return | +20.8% | -85.1% |
| Volatility (ann.) | 92.8% | 110.3% |
| Beta vs S&P 500 | 1.77 | 2.54 |
| Max drawdown (3Y) | -64.4% | -58.3% |
| Market cap | $2.6B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PGEN | TLS |
|---|---|---|
| 2022 | -59.0% | -67.0% |
| 2023 | -11.8% | -28.3% |
| 2024 | -16.4% | -6.3% |
| 2025 | +273.2% | +49.1% |
| 2026 | +72.0% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGEN and TLS good diversifiers for each other?
Reasonably. At 0.47, PGEN and TLS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PGEN and TLS?
As of 2026-08-27, the correlation of weekly returns between PGEN and TLS is 0.47 over 3 years, 0.12 over 1 year and 0.39 over 5 years.
Is TLS a good diversifier for PGEN?
Reasonably. At 0.47, PGEN and TLS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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: PGEN correlations · TLS correlations
