SNDX vs TNYA: Correlation
Syndax Pharmaceuticals, Inc. (SNDX) and Tenaya Therapeutics, Inc. (TNYA) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNDX and TNYA?
Over the past 3 years, SNDX and TNYA moved with a correlation of 0.45, which is moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.45). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 3275.3 %².
By 3-year correlation, TNYA places #11 of the 18 assets tracked against SNDX. Correlation aside, the last 12 months split them widely, with SNDX ahead by 60.8 points (+24.0% versus -36.8%). Note the risk asymmetry: TNYA runs 2.2 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.
SNDX vs TNYA: side by side
| SNDX (Syndax Pharmaceuticals, Inc.) | TNYA (Tenaya Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +24.0% | -36.8% |
| 5-year return | +16.9% | -97.3% |
| Volatility (ann.) | 57.8% | 126.0% |
| Beta vs S&P 500 | 1.25 | 2.90 |
| Max drawdown (3Y) | -64.8% | -94.3% |
| Market cap | $1.8B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SNDX | TNYA |
|---|---|---|
| 2022 | +16.3% | -89.4% |
| 2023 | -15.1% | +61.2% |
| 2024 | -38.8% | -55.9% |
| 2025 | +58.9% | -50.2% |
| 2026 | -4.0% | -2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNDX and TNYA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SNDX and TNYA?
As of 2026-08-27, the correlation of weekly returns between SNDX and TNYA is 0.45 over 3 years, 0.34 over 1 year and 0.41 over 5 years.
Is TNYA a good diversifier for SNDX?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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/sndx-vs-tnya.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sndx-vs-tnya/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SNDX correlations · TNYA correlations
