STRW vs TARA: Correlation
Strawberry Fields REIT, Inc. (STRW) and Protara Therapeutics, Inc. (TARA) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STRW and TARA?
On 3 years of weekly data the STRW/TARA correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.23). The 5-year figure is n/a, and annualized covariance runs at -676.2 %².
Among the 14 assets we track against STRW, TARA sits near the bottom by co-movement, at rank #11. Their 12-month results are close: +22.4% for STRW against +23.5% for TARA. Note the risk asymmetry: TARA runs 2.9 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.
STRW vs TARA: side by side
| STRW (Strawberry Fields REIT, Inc.) | TARA (Protara Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +22.4% | +23.5% |
| 5-year return | n/a | -49.9% |
| Volatility (ann.) | 32.1% | 93.1% |
| Beta vs S&P 500 | 0.19 | 1.19 |
| Max drawdown (3Y) | -26.6% | -66.5% |
| Market cap | $0.8B | $0.2B |
| P/E (trailing) | 21.1 | – |
| Dividend yield | 2.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STRW | TARA |
|---|---|---|
| 2022 | – | -60.3% |
| 2023 | – | -30.0% |
| 2024 | +43.9% | +181.6% |
| 2025 | +30.5% | +0.9% |
| 2026 | +8.8% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STRW and TARA good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between STRW and TARA?
As of 2026-08-27, the correlation of weekly returns between STRW and TARA is -0.23 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is TARA a good diversifier for STRW?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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/strw-vs-tara.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/strw-vs-tara/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: STRW correlations · TARA correlations
