SRTA vs TPG: Correlation
How closely do Strata Critical Medical, Inc. (SRTA) and TPG Inc. (TPG) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRTA and TPG?
Across a 3-year window, the weekly returns of SRTA and TPG correlate at 0.45, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.45 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 1177.5 %².
Among the 11 assets we track against SRTA, TPG ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SRTA ahead by 42.8 points (+34.7% versus -8.1%). Note the risk asymmetry: SRTA runs 1.9 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.
SRTA vs TPG: side by side
| SRTA (Strata Critical Medical, Inc.) | TPG (TPG Inc.) | |
|---|---|---|
| 1-year return | +34.7% | -8.1% |
| 5-year return | -28.6% | +91.2% |
| Volatility (ann.) | 69.8% | 37.6% |
| Beta vs S&P 500 | 2.02 | 1.62 |
| Max drawdown (3Y) | -48.9% | -44.8% |
| Market cap | $0.5B | $21.1B |
| P/E (trailing) | – | 78.2 |
| Dividend yield | 0.00% | 4.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRTA | TPG |
|---|---|---|
| 2022 | -59.5% | – |
| 2023 | -1.4% | +62.4% |
| 2024 | +20.4% | +50.6% |
| 2025 | +13.2% | +5.1% |
| 2026 | +28.3% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRTA and TPG good diversifiers for each other?
Reasonably. At 0.45, SRTA and TPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SRTA and TPG?
The SRTA/TPG correlation stands at 0.45 on a 3-year window (1 year: 0.55, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is TPG a good diversifier for SRTA?
Reasonably. At 0.45, SRTA and TPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/srta-vs-tpg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/srta-vs-tpg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SRTA correlations · TPG correlations
