ACRS vs MAIA: Correlation
Measured on weekly returns over the past three years, Aclaris Therapeutics, Inc. (ACRS) and MAIA Biotechnology, Inc. (MAIA) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRS and MAIA?
Over the past 3 years, ACRS and MAIA moved with a correlation of 0.34, which is moderate. The link has tightened recently: the 1-year correlation (0.48) runs above the 3-year figure (0.34). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 3215.0 %².
Among the 14 assets we track against ACRS, MAIA ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ACRS outperformed by 254.9 percentage points (+238.5% for ACRS against -16.4% for MAIA).
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.
ACRS vs MAIA: side by side
| ACRS (Aclaris Therapeutics, Inc.) | MAIA (MAIA Biotechnology, Inc.) | |
|---|---|---|
| 1-year return | +238.5% | -16.4% |
| 5-year return | -60.0% | n/a |
| Volatility (ann.) | 105.3% | 90.7% |
| Beta vs S&P 500 | 1.25 | 1.35 |
| Max drawdown (3Y) | -91.9% | -82.9% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRS | MAIA |
|---|---|---|
| 2022 | +8.3% | – |
| 2023 | -93.3% | -66.7% |
| 2024 | +136.2% | +69.2% |
| 2025 | +21.4% | -22.7% |
| 2026 | +104.7% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRS and MAIA good diversifiers for each other?
Reasonably. At 0.34, ACRS and MAIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACRS and MAIA?
The ACRS/MAIA correlation stands at 0.34 on a 3-year window (1 year: 0.48, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is MAIA a good diversifier for ACRS?
Reasonably. At 0.34, ACRS and MAIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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/acrs-vs-maia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acrs-vs-maia/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACRS correlations · MAIA correlations
