ASMB vs LXEO: Correlation
How closely do Assembly Biosciences, Inc. (ASMB) and Lexeo Therapeutics, Inc. (LXEO) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASMB and LXEO?
Across a 3-year window, the weekly returns of ASMB and LXEO correlate at 0.38, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.38 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 2275.0 %².
By 3-year correlation, LXEO places #4 of the 11 assets tracked against ASMB. Their recent paths diverged sharply: over the last 12 months ASMB outperformed by 31.5 percentage points (+34.4% for ASMB against +2.9% for LXEO). Note the risk asymmetry: LXEO runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ASMB vs LXEO: side by side
| ASMB (Assembly Biosciences, Inc.) | LXEO (Lexeo Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +2.9% |
| 5-year return | -21.2% | n/a |
| Volatility (ann.) | 61.8% | 103.0% |
| Beta vs S&P 500 | 1.09 | 2.10 |
| Max drawdown (3Y) | -57.5% | -90.5% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 28.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASMB | LXEO |
|---|---|---|
| 2022 | -44.2% | – |
| 2023 | -36.9% | – |
| 2024 | +60.4% | -51.0% |
| 2025 | +115.5% | +50.9% |
| 2026 | +2.3% | -49.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASMB and LXEO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASMB and LXEO?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.41 over the last year and n/a over 5 years.
Is LXEO a good diversifier for ASMB?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: ASMB correlations · LXEO correlations
