TNMG vs UPC: Correlation
TNL Mediagene (TNMG) and Universe Pharmaceuticals Inc - Class A (UPC) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TNMG and UPC?
Over the past 3 years, TNMG and UPC moved with a correlation of 0.32, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.32 over 3 years. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 7617.6 %².
Among the 10 assets we track against TNMG, UPC ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UPC outperformed by 131.1 percentage points (-94.1% for TNMG against +37.0% for UPC).
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.
TNMG vs UPC: side by side
| TNMG (TNL Mediagene) | UPC (Universe Pharmaceuticals Inc - Class A) | |
|---|---|---|
| 1-year return | -94.1% | +37.0% |
| 5-year return | -99.7% | -99.9% |
| Volatility (ann.) | 126.7% | 187.7% |
| Beta vs S&P 500 | 2.05 | 2.00 |
| Max drawdown (3Y) | -99.9% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TNMG | UPC |
|---|---|---|
| 2022 | – | -11.3% |
| 2023 | +4.9% | -76.9% |
| 2024 | -26.4% | -98.0% |
| 2025 | -98.3% | -84.4% |
| 2026 | -81.0% | +32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TNMG and UPC good diversifiers for each other?
Reasonably. At 0.32, TNMG and UPC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TNMG and UPC?
As of 2026-08-27, the correlation of weekly returns between TNMG and UPC is 0.32 over 3 years, 0.45 over 1 year and 0.30 over 5 years.
Is UPC a good diversifier for TNMG?
Reasonably. At 0.32, TNMG and UPC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: TNMG correlations · UPC correlations
