SES vs TRAW: Correlation
How closely do SES AI Corporation (SES) and Traws Pharma, Inc. (TRAW) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SES and TRAW?
Across a 3-year window, the weekly returns of SES and TRAW correlate at 0.72, strong. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.72 over 3 years. Stretching to 5 years gives 0.63, with an annualized covariance of 29398.8 %².
Within SES's tracked universe of 35 assets, TRAW comes in at #6 by 3-year correlation. The trailing year gives SES the advantage: -51.0% versus -58.8%, a 7.8-point spread. Note the risk asymmetry: SES runs 2.1 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.
SES vs TRAW: side by side
| SES (SES AI Corporation) | TRAW (Traws Pharma, Inc.) | |
|---|---|---|
| 1-year return | -51.0% | -58.8% |
| 5-year return | -94.5% | -99.5% |
| Volatility (ann.) | 294.5% | 138.3% |
| Beta vs S&P 500 | 2.43 | 0.67 |
| Max drawdown (3Y) | -89.7% | -98.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SES | TRAW |
|---|---|---|
| 2022 | -68.3% | -74.5% |
| 2023 | -41.9% | +15.4% |
| 2024 | +19.7% | -52.6% |
| 2025 | -17.8% | -87.3% |
| 2026 | -69.5% | -48.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SES and TRAW good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SES and TRAW?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.17 over the last year and 0.63 over 5 years.
Is TRAW a good diversifier for SES?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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: SES correlations · TRAW correlations
