TCRT vs VNQ: Correlation
Alaunos Therapeutics, Inc. (TCRT) and Vanguard Real Estate ETF (VNQ) 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 TCRT and VNQ?
On 3 years of weekly data the TCRT/VNQ correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. The 5-year figure is -0.02, and annualized covariance runs at -320.8 %².
Among the 131 assets we track against TCRT, VNQ ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VNQ outperformed by 22.5 percentage points (-12.2% for TCRT against +10.3% for VNQ). Risk is not evenly split, since TCRT carries 7.3 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.
TCRT vs VNQ: side by side
| TCRT (Alaunos Therapeutics, Inc.) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | -12.2% | +10.3% |
| 5-year return | -99.3% | +9.5% |
| Volatility (ann.) | 121.9% | 16.6% |
| Beta vs S&P 500 | -1.11 | 0.59 |
| Max drawdown (3Y) | -95.0% | -17.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | TCRT | VNQ |
|---|---|---|
| 2022 | -40.4% | -26.3% |
| 2023 | -89.2% | +11.9% |
| 2024 | -81.8% | +4.8% |
| 2025 | +69.1% | +3.2% |
| 2026 | -48.6% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and VNQ good diversifiers for each other?
Yes. With a correlation of -0.16, TCRT and VNQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TCRT and VNQ?
As of 2026-08-27, the correlation of weekly returns between TCRT and VNQ is -0.16 over 3 years, -0.23 over 1 year and -0.02 over 5 years.
Is VNQ a good diversifier for TCRT?
Yes. With a correlation of -0.16, TCRT and VNQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 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/tcrt-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tcrt-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TCRT correlations · VNQ correlations
