APGE vs MGEE: Correlation
Measured on weekly returns over the past three years, Apogee Therapeutics, Inc. (APGE) and MGE Energy Inc. (MGEE) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APGE and MGEE?
Across a 3-year window, the weekly returns of APGE and MGEE correlate at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.48 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 1079.9 %².
By 3-year correlation, MGEE places #4 of the 14 assets tracked against APGE. The last year tells two different stories: APGE led by 265.4 percentage points, +257.1% for APGE against -8.3% for MGEE. Risk is not evenly split, since APGE carries 3.0 times the volatility of the other side.
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 MGEE: side by side
| APGE (Apogee Therapeutics, Inc.) | MGEE (MGE Energy Inc.) | |
|---|---|---|
| 1-year return | +257.1% | -8.3% |
| 5-year return | n/a | +8.2% |
| Volatility (ann.) | 82.6% | 27.4% |
| Beta vs S&P 500 | 1.06 | 0.26 |
| Max drawdown (3Y) | -58.8% | -30.9% |
| Market cap | $10.2B | $3.0B |
| P/E (trailing) | – | 19.5 |
| Dividend yield | 0.00% | 2.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APGE | MGEE |
|---|---|---|
| 2022 | – | -12.6% |
| 2023 | – | +5.1% |
| 2024 | +62.1% | +32.8% |
| 2025 | +66.6% | -14.7% |
| 2026 | +78.8% | +1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APGE and MGEE good diversifiers for each other?
Reasonably. At 0.48, APGE and MGEE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APGE and MGEE?
As of 2026-08-27, the correlation of weekly returns between APGE and MGEE is 0.48 over 3 years, 0.24 over 1 year and n/a over 5 years.
Is MGEE a good diversifier for APGE?
Reasonably. At 0.48, APGE and MGEE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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-mgee.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apge-vs-mgee/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APGE correlations · MGEE correlations
