TECH vs TXG: Correlation
How closely do Bio-Techne (TECH) and 10x Genomics, Inc. (TXG) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TECH and TXG?
Across a 3-year window, the weekly returns of TECH and TXG correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 1482.3 %².
By 3-year correlation, TXG places #16 of the 39 assets tracked against TECH. The last year tells two different stories: TXG led by 333.0 percentage points, +29.6% for TECH against +362.6% for TXG. Note the risk asymmetry: TXG runs 1.5 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.
TECH vs TXG: side by side
| TECH (Bio-Techne) | TXG (10x Genomics, Inc.) | |
|---|---|---|
| 1-year return | +29.6% | +362.6% |
| 5-year return | -41.4% | -62.7% |
| Volatility (ann.) | 41.9% | 64.3% |
| Beta vs S&P 500 | 0.90 | 1.55 |
| Max drawdown (3Y) | -48.1% | -87.6% |
| Market cap | $11.4B | $8.4B |
| P/E (trailing) | 62.5 | – |
| Dividend yield | 0.44% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | TECH | TXG |
|---|---|---|
| 2022 | -35.7% | -75.5% |
| 2023 | -6.5% | +53.6% |
| 2024 | -6.2% | -74.3% |
| 2025 | -17.9% | +13.6% |
| 2026 | +23.8% | +297.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TECH and TXG good diversifiers for each other?
Only partially. A correlation of 0.55 means TECH and TXG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between TECH and TXG?
As of 2026-08-27, the correlation of weekly returns between TECH and TXG is 0.55 over 3 years, 0.54 over 1 year and 0.57 over 5 years.
Is TXG a good diversifier for TECH?
Only partially. A correlation of 0.55 means TECH and TXG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/tech-vs-txg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tech-vs-txg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TECH correlations · TXG correlations
