TRML vs ZBIO
Comparison between Tourmaline Bio Inc (TRML, Company) and Zenas Biopharma Inc (ZBIO, Company).
Both TRML and ZBIO are from the Healthcare sector.
TRML vs ZBIO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
Winner
TRML
$1.24B
ZBIO
$1.23B
Max Drawdown
TRML
94.97%
Winner
ZBIO
74.96%
Sharpe Ratio
Winner
TRML
2.03
ZBIO
1.22
5Y Beta
Winner
TRML
0.67
ZBIO
1.29
Industry
TRML
Biotechnology
ZBIO
Biotechnology
P/E Ratio
Winner
TRML
-17.98
ZBIO
-2.42
Debt to Equity
TRML
0.00%
ZBIO
0.00%
Free Cash Flow Yield
Winner
TRML
-6.98%
ZBIO
-17.06%
P/S Ratio
TRML
30893.12
ZBIO
N/A
P/B Ratio
TRML
4.77
ZBIO
N/A
TRML vs ZBIO - Historical Returns
Returns include dividend reinvestment.
1M
TRML
+0.00%
Winner
ZBIO
+16.97%
3M
Winner
TRML
+0.00%
ZBIO
-14.11%
6M
TRML
N/A
ZBIO
-43.60%
1Y
Winner
TRML
+185.09%
ZBIO
+112.46%
5Y(CAGR)
TRML
-20.27%
ZBIO
N/A
Max(CAGR)
TRML
-19.19%
Winner
ZBIO
+5.01%
TRML vs ZBIO - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | TRML | ZBIO |
|---|---|---|
| 2026 | +0.00% | -42.67% |
| 2025 | +132.46% | +303.00% |
| 2024 | -23.47% | -54.88% |
| 2023 | +173.50% | N/A |
| 2022 | -93.84% | N/A |
| 2021 | -5.91% | N/A |
TRML vs ZBIO Drawdown Comparison
The maximum drawdown for TRML was -94.97%, occurring on Dec 28, 2022. This drawdown has not yet recovered.
The maximum drawdown for ZBIO was -74.96%, occurring on Jan 28, 2025. Recovery took 240 trading sessions.
The current TRML drawdown is -70.64%. The current ZBIO drawdown is -54.18%.
| Rank | TRML | ZBIO |
|---|---|---|
| #1 | -94.97% Jun 7, 2021 - Dec 28, 2022 | -74.96% Oct 22, 2024 - Oct 8, 2025 |
| #2 | -24.62% May 7, 2021 - Jun 1, 2021 | -64.79% Dec 24, 2025 - Jan 6, 2026 |
| #3 | -0.29% Jun 2, 2021 - Jun 4, 2021 | -19.71% Dec 12, 2025 - Dec 22, 2025 |
| #4 | N/A | -14.88% Nov 26, 2025 - Dec 12, 2025 |
| #5 | N/A | -13.92% Oct 9, 2025 - Oct 27, 2025 |
| #6 | N/A | -12.01% Sep 24, 2024 - Oct 15, 2024 |
| #7 | N/A | -11.92% Oct 27, 2025 - Nov 6, 2025 |
| #8 | N/A | -6.22% Nov 19, 2025 - Nov 24, 2025 |
| #9 | N/A | -3.47% Sep 13, 2024 - Sep 20, 2024 |
| #10 | N/A | -3.39% Nov 7, 2025 - Nov 11, 2025 |
| #11 | N/A | -2.23% Nov 12, 2025 - Nov 17, 2025 |
| #12 | N/A | -2.16% Sep 20, 2024 - Sep 24, 2024 |
| #13 | N/A | -1.27% Oct 15, 2024 - Oct 17, 2024 |
| #14 | N/A | -0.56% Oct 17, 2024 - Oct 21, 2024 |
Correlation
Correlation between TRML and ZBIO is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
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