TNGX vs USBC: Correlation
Measured on weekly returns over the past three years, Tango Therapeutics, Inc. (TNGX) and USBC, Inc. (USBC) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TNGX and USBC?
Across a 3-year window, the weekly returns of TNGX and USBC correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.38 over 3 years. Stretching to 5 years gives 0.26, with an annualized covariance of 7929.8 %².
In TNGX's tracked universe of 11 assets, USBC sits right near the top at #3. The last year tells two different stories: TNGX led by 324.1 percentage points, +266.4% for TNGX against -57.7% for USBC. One caveat on sizing: USBC is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 USBC: side by side
| TNGX (Tango Therapeutics, Inc.) | USBC (USBC, Inc.) | |
|---|---|---|
| 1-year return | +266.4% | -57.7% |
| 5-year return | +112.1% | -99.5% |
| Volatility (ann.) | 109.5% | 193.2% |
| Beta vs S&P 500 | 1.01 | 2.72 |
| Max drawdown (3Y) | -91.5% | -99.2% |
| Market cap | $4.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TNGX | USBC |
|---|---|---|
| 2022 | -33.7% | -5.9% |
| 2023 | +36.6% | -68.1% |
| 2024 | -68.8% | -66.7% |
| 2025 | +186.7% | -90.7% |
| 2026 | +185.3% | -29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TNGX and USBC good diversifiers for each other?
Reasonably. At 0.38, TNGX and USBC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TNGX and USBC?
As of 2026-08-27, the correlation of weekly returns between TNGX and USBC is 0.38 over 3 years, -0.03 over 1 year and 0.26 over 5 years.
Is USBC a good diversifier for TNGX?
Reasonably. At 0.38, TNGX and USBC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/tngx-vs-usbc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tngx-vs-usbc/)
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Related comparisons
Hubs: TNGX correlations · USBC correlations
