APGE vs AXG: Correlation
Apogee Therapeutics, Inc. (APGE) and Solowin Holdings - Class A (AXG) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APGE and AXG?
Over the past 3 years, APGE and AXG moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.36 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4863.2 %².
Within APGE's tracked universe of 14 assets, AXG comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months APGE outperformed by 299.7 percentage points (+257.1% for APGE against -42.6% for AXG). One caveat on sizing: AXG is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
APGE vs AXG: side by side
| APGE (Apogee Therapeutics, Inc.) | AXG (Solowin Holdings - Class A) | |
|---|---|---|
| 1-year return | +257.1% | -42.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 82.6% | 162.4% |
| Beta vs S&P 500 | 1.06 | 0.61 |
| Max drawdown (3Y) | -58.8% | -97.5% |
| Market cap | $10.2B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APGE | AXG |
|---|---|---|
| 2024 | +62.1% | -44.8% |
| 2025 | +66.6% | +149.1% |
| 2026 | +78.8% | -45.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APGE and AXG good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APGE and AXG?
The APGE/AXG correlation stands at 0.36 on a 3-year window (1 year: 0.17, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is AXG a good diversifier for APGE?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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
$ curl https://www.pairbook.io/api/v1/pairs/apge-vs-axg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apge-vs-axg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APGE correlations · AXG correlations
