RNAZ vs TRSG: Correlation
TransCode Therapeutics, Inc. (RNAZ) and Tungray Technologies Inc - Class A (TRSG) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RNAZ and TRSG?
Over the past 3 years, RNAZ and TRSG moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.18 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3050.4 %².
Among the 10 assets we track against RNAZ, TRSG sits near the bottom by co-movement, at rank #9. The last year tells two different stories: TRSG led by 69.5 percentage points, -77.3% for RNAZ against -7.8% for TRSG. Note the risk asymmetry: RNAZ runs 1.9 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.
RNAZ vs TRSG: side by side
| RNAZ (TransCode Therapeutics, Inc.) | TRSG (Tungray Technologies Inc - Class A) | |
|---|---|---|
| 1-year return | -77.3% | -7.8% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 173.5% | 92.3% |
| Beta vs S&P 500 | 2.47 | 0.67 |
| Max drawdown (3Y) | -100.0% | -86.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RNAZ | TRSG |
|---|---|---|
| 2022 | -73.5% | – |
| 2023 | -98.8% | – |
| 2024 | -98.5% | – |
| 2025 | -92.8% | -49.2% |
| 2026 | -66.6% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RNAZ and TRSG good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between RNAZ and TRSG?
As of 2026-08-27, the correlation of weekly returns between RNAZ and TRSG is -0.18 over 3 years, -0.01 over 1 year and n/a over 5 years.
Is TRSG a good diversifier for RNAZ?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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
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Related comparisons
Hubs: RNAZ correlations · TRSG correlations
