PHAT vs URGN: Correlation
Measured on weekly returns over the past three years, Phathom Pharmaceuticals, Inc. (PHAT) and UroGen Pharma Ltd. (URGN) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHAT and URGN?
On 3 years of weekly data the PHAT/URGN correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.41 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 3712.1 %².
By 3-year correlation, URGN places #4 of the 12 assets tracked against PHAT. Correlation aside, the last 12 months split them widely, with URGN ahead by 161.0 points (-28.1% versus +132.9%).
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.
PHAT vs URGN: side by side
| PHAT (Phathom Pharmaceuticals, Inc.) | URGN (UroGen Pharma Ltd.) | |
|---|---|---|
| 1-year return | -28.1% | +132.9% |
| 5-year return | -74.1% | +157.5% |
| Volatility (ann.) | 103.2% | 88.1% |
| Beta vs S&P 500 | 1.89 | 1.29 |
| Max drawdown (3Y) | -88.3% | -79.7% |
| Market cap | $0.7B | $2.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PHAT | URGN |
|---|---|---|
| 2022 | -43.0% | -6.7% |
| 2023 | -18.6% | +69.1% |
| 2024 | -11.1% | -29.0% |
| 2025 | +104.3% | +119.9% |
| 2026 | -46.1% | +94.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHAT and URGN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PHAT and URGN?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.30 over the last year and 0.29 over 5 years.
Is URGN a good diversifier for PHAT?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/phat-vs-urgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/phat-vs-urgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PHAT correlations · URGN correlations
