SPG vs TCRT: Correlation
How closely do Simon Property Group (SPG) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPG and TCRT?
Across a 3-year window, the weekly returns of SPG and TCRT correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Stretching to 5 years gives -0.05, with an annualized covariance of -522.3 %².
Within SPG's tracked universe of 37 assets, TCRT comes in at #32 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPG ahead by 38.5 points (+26.3% versus -12.2%). One caveat on sizing: TCRT is 5.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SPG vs TCRT: side by side
| SPG (Simon Property Group) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -12.2% |
| 5-year return | +110.2% | -99.3% |
| Volatility (ann.) | 22.7% | 121.9% |
| Beta vs S&P 500 | 0.79 | -1.11 |
| Max drawdown (3Y) | -24.3% | -95.0% |
| Market cap | $81.6B | – |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 4.05% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | SPG | TCRT |
|---|---|---|
| 2022 | -21.9% | -40.4% |
| 2023 | +29.2% | -89.2% |
| 2024 | +26.9% | -81.8% |
| 2025 | +12.9% | +69.1% |
| 2026 | +18.7% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPG and TCRT good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPG and TCRT?
The SPG/TCRT correlation stands at -0.19 on a 3-year window (1 year: -0.26, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for SPG?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/spg-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spg-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPG correlations · TCRT correlations
