RNAZ vs TRNR: Correlation
TransCode Therapeutics, Inc. (RNAZ) and Interactive Strength Inc. (TRNR) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RNAZ and TRNR?
On 3 years of weekly data the RNAZ/TRNR correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.19 over 3. The 5-year figure is n/a, and annualized covariance runs at -5003.7 %².
Out of 10 assets tracked against RNAZ, TRNR lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with RNAZ ahead by 21.6 points (-77.3% versus -98.9%).
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.
RNAZ vs TRNR: side by side
| RNAZ (TransCode Therapeutics, Inc.) | TRNR (Interactive Strength Inc.) | |
|---|---|---|
| 1-year return | -77.3% | -98.9% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 173.5% | 151.7% |
| Beta vs S&P 500 | 2.47 | 1.38 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RNAZ | TRNR |
|---|---|---|
| 2022 | -73.5% | – |
| 2023 | -98.8% | – |
| 2024 | -98.5% | -99.9% |
| 2025 | -92.8% | -97.0% |
| 2026 | -66.6% | -94.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RNAZ and TRNR good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RNAZ and TRNR?
As of 2026-08-27, the correlation of weekly returns between RNAZ and TRNR is -0.19 over 3 years, -0.12 over 1 year and n/a over 5 years.
Is TRNR a good diversifier for RNAZ?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: RNAZ correlations · TRNR correlations
