SWBI vs TARA: Correlation
Measured on weekly returns over the past three years, Smith & Wesson Brands, Inc. (SWBI) and Protara Therapeutics, Inc. (TARA) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWBI and TARA?
On 3 years of weekly data the SWBI/TARA correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.21 over 3. The 5-year figure is -0.05, and annualized covariance runs at -782.4 %².
Out of 12 assets tracked against SWBI, TARA lands near the bottom at #9. The last year tells two different stories: SWBI led by 42.9 percentage points, +66.4% for SWBI against +23.5% for TARA. Risk is not evenly split, since TARA carries 2.3 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.
SWBI vs TARA: side by side
| SWBI (Smith & Wesson Brands, Inc.) | TARA (Protara Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +66.4% | +23.5% |
| 5-year return | -34.9% | -49.9% |
| Volatility (ann.) | 39.8% | 93.1% |
| Beta vs S&P 500 | 0.30 | 1.19 |
| Max drawdown (3Y) | -54.2% | -66.5% |
| Market cap | $0.6B | $0.2B |
| P/E (trailing) | 32.7 | – |
| Dividend yield | 3.89% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SWBI | TARA |
|---|---|---|
| 2022 | -49.6% | -60.3% |
| 2023 | +62.2% | -30.0% |
| 2024 | -22.5% | +181.6% |
| 2025 | +3.1% | +0.9% |
| 2026 | +34.8% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWBI and TARA good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between SWBI and TARA?
As of 2026-08-27, the correlation of weekly returns between SWBI and TARA is -0.21 over 3 years, -0.12 over 1 year and -0.05 over 5 years.
Is TARA a good diversifier for SWBI?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/swbi-vs-tara.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/swbi-vs-tara/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SWBI correlations · TARA correlations
