AURA vs VRDN: Correlation
How closely do Aura Biosciences, Inc. (AURA) and Viridian Therapeutics, Inc. (VRDN) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AURA and VRDN?
Over the past 3 years, AURA and VRDN moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (0.22) than the 3-year average (0.51). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 2409.2 %².
Among the 18 assets we track against AURA, VRDN ranks #7 by 3-year correlation. Over the last 12 months VRDN came out ahead by 9.1 percentage points (+19.6% against +28.7%).
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.
AURA vs VRDN: side by side
| AURA (Aura Biosciences, Inc.) | VRDN (Viridian Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +19.6% | +28.7% |
| 5-year return | -48.0% | +80.0% |
| Volatility (ann.) | 70.5% | 66.8% |
| Beta vs S&P 500 | 2.01 | 1.27 |
| Max drawdown (3Y) | -59.1% | -60.6% |
| Market cap | $0.8B | $2.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AURA | VRDN |
|---|---|---|
| 2022 | -38.2% | +47.7% |
| 2023 | -15.6% | -25.4% |
| 2024 | -7.2% | -12.0% |
| 2025 | -33.7% | +62.3% |
| 2026 | +41.3% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AURA and VRDN good diversifiers for each other?
Only partially. A correlation of 0.51 means AURA and VRDN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AURA and VRDN?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.22 over the last year and 0.28 over 5 years.
Is VRDN a good diversifier for AURA?
Only partially. A correlation of 0.51 means AURA and VRDN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: AURA correlations · VRDN correlations
