REGN vs THW: Correlation
Measured on weekly returns over the past three years, Regeneron Pharmaceuticals (REGN) and abrdn World Healthcare Fund Shares of Beneficial Interest (THW) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REGN and THW?
Over the past 3 years, REGN and THW moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 258.7 %².
Within REGN's tracked universe of 27 assets, THW comes in at #15 by 3-year correlation. Neither side won the trailing year by much: +38.3% against +33.7%.
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.
REGN vs THW: side by side
| REGN (Regeneron Pharmaceuticals) | THW (abrdn World Healthcare Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +38.3% | +33.7% |
| 5-year return | +20.4% | +40.2% |
| Volatility (ann.) | 31.8% | 21.4% |
| Beta vs S&P 500 | 0.61 | 0.75 |
| Max drawdown (3Y) | -59.7% | -25.4% |
| Market cap | $83.2B | $0.6B |
| P/E (trailing) | 20.2 | 6.6 |
| Dividend yield | 0.45% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | REGN | THW |
|---|---|---|
| 2022 | +14.2% | -1.2% |
| 2023 | +21.7% | -11.5% |
| 2024 | -18.9% | +5.4% |
| 2025 | +9.0% | +31.1% |
| 2026 | +5.0% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REGN and THW good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between REGN and THW?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.24 over the last year and 0.36 over 5 years.
Is THW a good diversifier for REGN?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/regn-vs-thw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/regn-vs-thw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: REGN correlations · THW correlations
