AMLX vs MRNA: Correlation
Amylyx Pharmaceuticals, Inc. (AMLX) and Moderna (MRNA) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMLX and MRNA?
On 3 years of weekly data the AMLX/MRNA correlation comes out at 0.43, moderate. The past 12 months show a tighter link (0.77) than the 3-year average (0.43). The 5-year figure is 0.32, and annualized covariance runs at 4278.4 %².
Among the 17 assets we track against AMLX, MRNA ranks #8 by 3-year correlation. The last year tells two different stories: MRNA led by 175.4 percentage points, +293.4% for AMLX against +468.8% for MRNA.
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.
AMLX vs MRNA: side by side
| AMLX (Amylyx Pharmaceuticals, Inc.) | MRNA (Moderna) | |
|---|---|---|
| 1-year return | +293.4% | +468.8% |
| 5-year return | +105.8% | -61.5% |
| Volatility (ann.) | 97.8% | 100.7% |
| Beta vs S&P 500 | 1.29 | 0.98 |
| Max drawdown (3Y) | -92.6% | -86.6% |
| Market cap | $4.1B | $57.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | AMLX | MRNA |
|---|---|---|
| 2022 | – | -29.3% |
| 2023 | -60.2% | -44.6% |
| 2024 | -74.3% | -58.2% |
| 2025 | +219.6% | -29.1% |
| 2026 | +207.8% | +384.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMLX and MRNA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMLX and MRNA?
The AMLX/MRNA correlation stands at 0.43 on a 3-year window (1 year: 0.77, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is MRNA a good diversifier for AMLX?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/amlx-vs-mrna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amlx-vs-mrna/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMLX correlations · MRNA correlations
