TVRD vs WHWK: Correlation
How closely do Tvardi Therapeutics, Inc. (TVRD) and Whitehawk Therapeutics, Inc. (WHWK) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TVRD and WHWK?
On 3 years of weekly data the TVRD/WHWK correlation comes out at 0.31, moderate. The past 12 months show a weaker link (-0.00) than the 3-year average (0.31). The 5-year figure is 0.30, and annualized covariance runs at 2553.3 %².
Among the 16 assets we track against TVRD, WHWK ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WHWK ahead by 263.2 points (-94.1% versus +169.1%). Risk is not evenly split, since TVRD carries 1.7 times the volatility of the other side.
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 WHWK: side by side
| TVRD (Tvardi Therapeutics, Inc.) | WHWK (Whitehawk Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -94.1% | +169.1% |
| 5-year return | -99.7% | -80.9% |
| Volatility (ann.) | 119.7% | 69.1% |
| Beta vs S&P 500 | 1.39 | 1.03 |
| Max drawdown (3Y) | -98.5% | -80.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TVRD | WHWK |
|---|---|---|
| 2022 | -11.8% | -46.9% |
| 2023 | -93.1% | -84.3% |
| 2024 | -31.4% | +56.2% |
| 2025 | -76.6% | -23.3% |
| 2026 | -58.1% | +101.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TVRD and WHWK good diversifiers for each other?
Reasonably. At 0.31, TVRD and WHWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TVRD and WHWK?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with -0.00 over the last year and 0.30 over 5 years.
Is WHWK a good diversifier for TVRD?
Reasonably. At 0.31, TVRD and WHWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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.
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Related comparisons
Hubs: TVRD correlations · WHWK correlations
