AUNA vs MGNX: Correlation
Measured on weekly returns over the past three years, Auna SA Class A (AUNA) and MacroGenics, Inc. (MGNX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUNA and MGNX?
Over the past 3 years, AUNA and MGNX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.27 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1447.9 %².
MGNX is close to the least connected end of AUNA's tracked universe, ranking #16 of 16. The last year tells two different stories: MGNX led by 156.0 percentage points, -18.8% for AUNA against +137.2% for MGNX. One caveat on sizing: MGNX is 1.8 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.
AUNA vs MGNX: side by side
| AUNA (Auna SA Class A) | MGNX (MacroGenics, Inc.) | |
|---|---|---|
| 1-year return | -18.8% | +137.2% |
| 5-year return | n/a | -82.5% |
| Volatility (ann.) | 53.1% | 96.3% |
| Beta vs S&P 500 | 0.73 | 1.72 |
| Max drawdown (3Y) | -61.1% | -95.1% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | 85.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUNA | MGNX |
|---|---|---|
| 2022 | – | -58.2% |
| 2023 | – | +43.4% |
| 2024 | – | -66.2% |
| 2025 | -28.3% | -50.5% |
| 2026 | +3.9% | +153.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUNA and MGNX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUNA and MGNX?
The AUNA/MGNX correlation stands at -0.27 on a 3-year window (1 year: 0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MGNX a good diversifier for AUNA?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/auna-vs-mgnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/auna-vs-mgnx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUNA correlations · MGNX correlations
