TECX vs TULP: Correlation
How closely do Tectonic Therapeutic, Inc. (TECX) and Bloomia Holdings, Inc. (TULP) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TECX and TULP?
On 3 years of weekly data the TECX/TULP correlation comes out at 0.29, weak. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.29). The 5-year figure is 0.08, and annualized covariance runs at 9652.8 %².
Among the 17 assets we track against TECX, TULP ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TECX ahead by 78.6 points (+38.2% versus -40.4%). Note the risk asymmetry: TECX runs 11.9 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.
TECX vs TULP: side by side
| TECX (Tectonic Therapeutic, Inc.) | TULP (Bloomia Holdings, Inc.) | |
|---|---|---|
| 1-year return | +38.2% | -40.4% |
| 5-year return | -52.9% | -59.8% |
| Volatility (ann.) | 628.0% | 52.9% |
| Beta vs S&P 500 | 0.20 | 0.08 |
| Max drawdown (3Y) | -92.8% | -53.2% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TECX | TULP |
|---|---|---|
| 2022 | -81.6% | -66.2% |
| 2023 | +91.5% | -41.0% |
| 2024 | +182.9% | +5.2% |
| 2025 | -54.8% | -28.9% |
| 2026 | +75.9% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TECX and TULP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TECX and TULP?
The TECX/TULP correlation stands at 0.29 on a 3-year window (1 year: 0.01, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is TULP a good diversifier for TECX?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 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/tecx-vs-tulp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tecx-vs-tulp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TECX correlations · TULP correlations
