STT vs TCRT: Correlation
State Street Corporation (STT) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STT and TCRT?
On 3 years of weekly data the STT/TCRT correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.31 versus -0.16 over 3 years. The 5-year figure is -0.01, and annualized covariance runs at -461.4 %².
Within STT's tracked universe of 32 assets, TCRT comes in at #25 by 3-year correlation. The last year tells two different stories: STT led by 84.9 percentage points, +72.7% for STT against -12.2% for TCRT. Risk is not evenly split, since TCRT carries 5.3 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.
STT vs TCRT: side by side
| STT (State Street Corporation) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +72.7% | -12.2% |
| 5-year return | +144.9% | -99.3% |
| Volatility (ann.) | 22.9% | 121.9% |
| Beta vs S&P 500 | 0.97 | -1.11 |
| Max drawdown (3Y) | -25.7% | -95.0% |
| Market cap | $53.1B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 1.74% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | STT | TCRT |
|---|---|---|
| 2022 | -13.8% | -40.4% |
| 2023 | +3.5% | -89.2% |
| 2024 | +30.2% | -81.8% |
| 2025 | +35.5% | +69.1% |
| 2026 | +52.6% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STT and TCRT good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between STT and TCRT?
As of 2026-08-27, the correlation of weekly returns between STT and TCRT is -0.16 over 3 years, -0.31 over 1 year and -0.01 over 5 years.
Is TCRT a good diversifier for STT?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/stt-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stt-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: STT correlations · TCRT correlations
