PHAR vs THM: Correlation
Pharming Group N.V. (PHAR) and International Tower Hill Mines, Ltd. (THM) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHAR and THM?
On 3 years of weekly data the PHAR/THM correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 1452.8 %².
In PHAR's tracked universe of 12 assets, THM sits right near the top at #3. Correlation aside, the last 12 months split them widely, with THM ahead by 116.4 points (-15.7% versus +100.7%). Note the risk asymmetry: THM runs 1.7 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.
PHAR vs THM: side by side
| PHAR (Pharming Group N.V.) | THM (International Tower Hill Mines, Ltd.) | |
|---|---|---|
| 1-year return | -15.7% | +100.7% |
| 5-year return | +11.7% | +222.1% |
| Volatility (ann.) | 52.7% | 89.9% |
| Beta vs S&P 500 | 0.52 | 1.27 |
| Max drawdown (3Y) | -57.3% | -51.5% |
| Market cap | $0.8B | – |
| P/E (trailing) | 84.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PHAR | THM |
|---|---|---|
| 2022 | +23.4% | -41.1% |
| 2023 | +3.6% | +37.2% |
| 2024 | -11.9% | -22.0% |
| 2025 | +75.6% | +304.3% |
| 2026 | -33.3% | +48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHAR and THM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PHAR and THM?
The PHAR/THM correlation stands at 0.31 on a 3-year window (1 year: 0.36, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is THM a good diversifier for PHAR?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/phar-vs-thm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/phar-vs-thm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PHAR correlations · THM correlations
