TNGX vs UAVS: Correlation
Tango Therapeutics, Inc. (TNGX) and AgEagle Aerial Systems, Inc. (UAVS) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TNGX and UAVS?
On 3 years of weekly data the TNGX/UAVS correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.33 over 3. The 5-year figure is 0.26, and annualized covariance runs at 5263.2 %².
Within TNGX's tracked universe of 11 assets, UAVS comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TNGX outperformed by 308.7 percentage points (+266.4% for TNGX against -42.3% for UAVS).
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.
TNGX vs UAVS: side by side
| TNGX (Tango Therapeutics, Inc.) | UAVS (AgEagle Aerial Systems, Inc.) | |
|---|---|---|
| 1-year return | +266.4% | -42.3% |
| 5-year return | +112.1% | -100.0% |
| Volatility (ann.) | 109.5% | 145.0% |
| Beta vs S&P 500 | 1.01 | 2.34 |
| Max drawdown (3Y) | -91.5% | -99.7% |
| Market cap | $4.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TNGX | UAVS |
|---|---|---|
| 2022 | -33.7% | -77.7% |
| 2023 | +36.6% | -71.4% |
| 2024 | -68.8% | -96.5% |
| 2025 | +186.7% | -76.7% |
| 2026 | +185.3% | +38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TNGX and UAVS good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between TNGX and UAVS?
As of 2026-08-27, the correlation of weekly returns between TNGX and UAVS is 0.33 over 3 years, 0.34 over 1 year and 0.26 over 5 years.
Is UAVS a good diversifier for TNGX?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/tngx-vs-uavs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tngx-vs-uavs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TNGX correlations · UAVS correlations
