TRDA vs ZYME: Correlation
Entrada Therapeutics, Inc. (TRDA) and Zymeworks Inc. (ZYME) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRDA and ZYME?
Over the past 3 years, TRDA and ZYME moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 1547.5 %².
ZYME is one of the assets that tracks TRDA most closely: it ranks #1 out of the 10 assets we track against TRDA. Their recent paths diverged sharply: over the last 12 months ZYME outperformed by 66.3 percentage points (+28.0% for TRDA against +94.3% for ZYME).
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.
TRDA vs ZYME: side by side
| TRDA (Entrada Therapeutics, Inc.) | ZYME (Zymeworks Inc.) | |
|---|---|---|
| 1-year return | +28.0% | +94.3% |
| 5-year return | -69.6% | -10.9% |
| Volatility (ann.) | 69.2% | 49.4% |
| Beta vs S&P 500 | 1.19 | 1.02 |
| Max drawdown (3Y) | -76.7% | -45.7% |
| Market cap | $0.3B | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRDA | ZYME |
|---|---|---|
| 2022 | -21.0% | -52.0% |
| 2023 | +11.6% | +32.2% |
| 2024 | +14.6% | +40.9% |
| 2025 | -40.5% | +79.8% |
| 2026 | -29.3% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRDA and ZYME good diversifiers for each other?
Reasonably. At 0.45, TRDA and ZYME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TRDA and ZYME?
As of 2026-08-27, the correlation of weekly returns between TRDA and ZYME is 0.45 over 3 years, 0.38 over 1 year and 0.16 over 5 years.
Is ZYME a good diversifier for TRDA?
Reasonably. At 0.45, TRDA and ZYME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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
$ curl https://www.pairbook.io/api/v1/pairs/trda-vs-zyme.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/trda-vs-zyme/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TRDA correlations · ZYME correlations
