SDGR vs TDOC: Correlation
How closely do Schrodinger, Inc. (SDGR) and Teladoc Health, Inc. (TDOC) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SDGR and TDOC?
On 3 years of weekly data the SDGR/TDOC correlation comes out at 0.50, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.50 over 3 years. The 5-year figure is 0.55, and annualized covariance runs at 1669.4 %².
Within SDGR's tracked universe of 21 assets, TDOC comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SDGR outperformed by 20.9 percentage points (+3.1% for SDGR against -17.8% for TDOC).
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.
SDGR vs TDOC: side by side
| SDGR (Schrodinger, Inc.) | TDOC (Teladoc Health, Inc.) | |
|---|---|---|
| 1-year return | +3.1% | -17.8% |
| 5-year return | -65.2% | -95.6% |
| Volatility (ann.) | 57.7% | 58.1% |
| Beta vs S&P 500 | 1.91 | 1.55 |
| Max drawdown (3Y) | -70.2% | -80.5% |
| Market cap | $1.5B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SDGR | TDOC |
|---|---|---|
| 2022 | -46.3% | -74.2% |
| 2023 | +91.5% | -8.9% |
| 2024 | -46.1% | -57.8% |
| 2025 | -7.3% | -23.0% |
| 2026 | +14.1% | -9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SDGR and TDOC good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SDGR and TDOC?
The SDGR/TDOC correlation stands at 0.50 on a 3-year window (1 year: 0.65, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is TDOC a good diversifier for SDGR?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 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/sdgr-vs-tdoc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sdgr-vs-tdoc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SDGR correlations · TDOC correlations
