TIL vs VMAR: Correlation
How closely do Instil Bio, Inc. (TIL) and Vision Marine Technologies Inc. (VMAR) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TIL and VMAR?
Over the past 3 years, TIL and VMAR moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.22). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -7143.0 %².
Within TIL's tracked universe of 19 assets, VMAR comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TIL outperformed by 28.0 percentage points (-71.9% for TIL against -99.9% for VMAR). Note the risk asymmetry: TIL runs 2.7 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.
TIL vs VMAR: side by side
| TIL (Instil Bio, Inc.) | VMAR (Vision Marine Technologies Inc.) | |
|---|---|---|
| 1-year return | -71.9% | -99.9% |
| 5-year return | -97.9% | -100.0% |
| Volatility (ann.) | 296.1% | 110.6% |
| Beta vs S&P 500 | 3.91 | 1.13 |
| Max drawdown (3Y) | -92.1% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TIL | VMAR |
|---|---|---|
| 2022 | -96.3% | -4.8% |
| 2023 | -39.5% | -76.4% |
| 2024 | +150.5% | -98.9% |
| 2025 | -42.4% | -98.7% |
| 2026 | -28.5% | -99.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TIL and VMAR good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TIL and VMAR?
As of 2026-08-27, the correlation of weekly returns between TIL and VMAR is -0.22 over 3 years, -0.04 over 1 year and -0.20 over 5 years.
Is VMAR a good diversifier for TIL?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/til-vs-vmar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/til-vs-vmar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TIL correlations · VMAR correlations
