TNXP vs VNCE: Correlation
Measured on weekly returns over the past three years, Tonix Pharmaceuticals Holding Corp. (TNXP) and Vince Holding Corp. (VNCE) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TNXP and VNCE?
Across a 3-year window, the weekly returns of TNXP and VNCE correlate at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.41 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 11181.2 %².
Within TNXP's tracked universe of 12 assets, VNCE comes in at #5 by 3-year correlation. The last year tells two different stories: VNCE led by 507.9 percentage points, -57.9% for TNXP against +450.0% for VNCE.
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.
TNXP vs VNCE: side by side
| TNXP (Tonix Pharmaceuticals Holding Corp.) | VNCE (Vince Holding Corp.) | |
|---|---|---|
| 1-year return | -57.9% | +450.0% |
| 5-year return | -100.0% | +11.6% |
| Volatility (ann.) | 164.8% | 166.2% |
| Beta vs S&P 500 | 1.57 | 1.03 |
| Max drawdown (3Y) | -99.8% | -74.8% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TNXP | VNCE |
|---|---|---|
| 2022 | -96.6% | -1.8% |
| 2023 | -83.6% | -55.8% |
| 2024 | -97.4% | +5.2% |
| 2025 | -52.7% | +12.1% |
| 2026 | -13.2% | +91.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TNXP and VNCE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TNXP and VNCE?
As of 2026-08-27, the correlation of weekly returns between TNXP and VNCE is 0.41 over 3 years, 0.20 over 1 year and 0.34 over 5 years.
Is VNCE a good diversifier for TNXP?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: TNXP correlations · VNCE correlations
