AKBA vs NAGE: Correlation
Akebia Therapeutics, Inc. (AKBA) and Niagen Bioscience, Inc. (NAGE) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKBA and NAGE?
Over the past 3 years, AKBA and NAGE moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.41). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 2428.7 %².
In AKBA's tracked universe of 12 assets, NAGE sits right near the top at #2. Twelve-month performance is nearly a tie, at -68.8% for AKBA and -67.1% for NAGE.
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.
AKBA vs NAGE: side by side
| AKBA (Akebia Therapeutics, Inc.) | NAGE (Niagen Bioscience, Inc.) | |
|---|---|---|
| 1-year return | -68.8% | -67.1% |
| 5-year return | -66.7% | -61.2% |
| Volatility (ann.) | 75.3% | 78.5% |
| Beta vs S&P 500 | 1.02 | 0.93 |
| Max drawdown (3Y) | -79.0% | -79.5% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | 17.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKBA | NAGE |
|---|---|---|
| 2022 | -74.5% | -55.1% |
| 2023 | +114.9% | -14.9% |
| 2024 | +53.2% | +271.3% |
| 2025 | -15.3% | +19.8% |
| 2026 | -41.6% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKBA and NAGE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AKBA and NAGE?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.27 over the last year and 0.28 over 5 years.
Is NAGE a good diversifier for AKBA?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: AKBA correlations · NAGE correlations
