TSHA vs XELB: Correlation
Measured on weekly returns over the past three years, Taysha Gene Therapies, Inc. (TSHA) and Xcel Brands, Inc (XELB) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSHA and XELB?
Over the past 3 years, TSHA and XELB moved with a correlation of 0.35, which is moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.35). Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 3096.1 %².
Among the 14 assets we track against TSHA, XELB sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months TSHA outperformed by 131.2 percentage points (+100.7% for TSHA against -30.5% for XELB).
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.
TSHA vs XELB: side by side
| TSHA (Taysha Gene Therapies, Inc.) | XELB (Xcel Brands, Inc) | |
|---|---|---|
| 1-year return | +100.7% | -30.5% |
| 5-year return | -69.5% | -94.9% |
| Volatility (ann.) | 101.5% | 86.2% |
| Beta vs S&P 500 | 2.63 | 1.33 |
| Max drawdown (3Y) | -72.9% | -95.5% |
| Market cap | $1.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TSHA | XELB |
|---|---|---|
| 2022 | -80.6% | -35.8% |
| 2023 | -21.7% | +84.2% |
| 2024 | -2.3% | -60.1% |
| 2025 | +217.9% | -79.0% |
| 2026 | +8.4% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSHA and XELB good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between TSHA and XELB?
As of 2026-08-27, the correlation of weekly returns between TSHA and XELB is 0.35 over 3 years, 0.64 over 1 year and 0.14 over 5 years.
Is XELB a good diversifier for TSHA?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/tsha-vs-xelb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tsha-vs-xelb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TSHA correlations · XELB correlations
