SLDB vs TYRA: Correlation
Solid Biosciences Inc. (SLDB) and Tyra Biosciences, Inc. (TYRA) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLDB and TYRA?
Over the past 3 years, SLDB and TYRA moved with a correlation of 0.43, which is moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.43). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 2988.5 %².
Within SLDB's tracked universe of 14 assets, TYRA comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TYRA outperformed by 22.7 percentage points (+80.2% for SLDB against +102.9% for TYRA). Risk is not evenly split, since SLDB carries 1.6 times the volatility of the other side.
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.
SLDB vs TYRA: side by side
| SLDB (Solid Biosciences Inc.) | TYRA (Tyra Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +80.2% | +102.9% |
| 5-year return | -75.0% | +0.5% |
| Volatility (ann.) | 103.6% | 66.7% |
| Beta vs S&P 500 | 2.35 | 1.45 |
| Max drawdown (3Y) | -82.9% | -75.3% |
| Market cap | $1.1B | $1.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLDB | TYRA |
|---|---|---|
| 2022 | -79.5% | -46.0% |
| 2023 | +14.1% | +82.2% |
| 2024 | -34.9% | +0.4% |
| 2025 | +41.0% | +89.1% |
| 2026 | +79.6% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLDB and TYRA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SLDB and TYRA?
The SLDB/TYRA correlation stands at 0.43 on a 3-year window (1 year: 0.28, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is TYRA a good diversifier for SLDB?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SLDB correlations · TYRA correlations
