TIL vs VRDN: Correlation
How closely do Instil Bio, Inc. (TIL) and Viridian Therapeutics, Inc. (VRDN) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TIL and VRDN?
Over the past 3 years, TIL and VRDN moved with a correlation of 0.49, which is moderate. The past 12 months show a weaker link (-0.14) than the 3-year average (0.49). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 9757.4 %².
Among the 19 assets we track against TIL, VRDN ranks #6 by 3-year correlation. The last year tells two different stories: VRDN led by 100.6 percentage points, -71.9% for TIL against +28.7% for VRDN. Risk is not evenly split, since TIL carries 4.4 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.
TIL vs VRDN: side by side
| TIL (Instil Bio, Inc.) | VRDN (Viridian Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -71.9% | +28.7% |
| 5-year return | -97.9% | +80.0% |
| Volatility (ann.) | 296.1% | 66.8% |
| Beta vs S&P 500 | 3.91 | 1.27 |
| Max drawdown (3Y) | -92.1% | -60.6% |
| Market cap | $0.1B | $2.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TIL | VRDN |
|---|---|---|
| 2022 | -96.3% | +47.7% |
| 2023 | -39.5% | -25.4% |
| 2024 | +150.5% | -12.0% |
| 2025 | -42.4% | +62.3% |
| 2026 | -28.5% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TIL and VRDN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TIL and VRDN?
As of 2026-08-27, the correlation of weekly returns between TIL and VRDN is 0.49 over 3 years, -0.14 over 1 year and 0.37 over 5 years.
Is VRDN a good diversifier for TIL?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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/til-vs-vrdn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/til-vs-vrdn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TIL correlations · VRDN correlations
