TVRD vs VHC: Correlation
Tvardi Therapeutics, Inc. (TVRD) and VirnetX Holding Corp (VHC) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TVRD and VHC?
Across a 3-year window, the weekly returns of TVRD and VHC correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.21 over 3 years. Stretching to 5 years gives -0.12, with an annualized covariance of -2626.9 %².
By 3-year correlation, VHC places #9 of the 16 assets tracked against TVRD. Their recent paths diverged sharply: over the last 12 months VHC outperformed by 85.3 percentage points (-94.1% for TVRD against -8.8% for VHC).
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.
TVRD vs VHC: side by side
| TVRD (Tvardi Therapeutics, Inc.) | VHC (VirnetX Holding Corp) | |
|---|---|---|
| 1-year return | -94.1% | -8.8% |
| 5-year return | -99.7% | -57.1% |
| Volatility (ann.) | 119.7% | 104.0% |
| Beta vs S&P 500 | 1.39 | 1.09 |
| Max drawdown (3Y) | -98.5% | -60.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TVRD | VHC |
|---|---|---|
| 2022 | -11.8% | -50.0% |
| 2023 | -93.1% | -21.3% |
| 2024 | -31.4% | +12.1% |
| 2025 | -76.6% | +112.6% |
| 2026 | -58.1% | -25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TVRD and VHC good diversifiers for each other?
Yes. With a correlation of -0.21, TVRD and VHC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TVRD and VHC?
The TVRD/VHC correlation stands at -0.21 on a 3-year window (1 year: -0.40, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is VHC a good diversifier for TVRD?
Yes. With a correlation of -0.21, TVRD and VHC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tvrd-vs-vhc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tvrd-vs-vhc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TVRD correlations · VHC correlations
