BENF vs MLTX: Correlation
Measured on weekly returns over the past three years, Beneficient (BENF) and MoonLake Immunotherapeutics - Class A (MLTX) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BENF and MLTX?
On 3 years of weekly data the BENF/MLTX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.73) than the 3-year average (-0.38). The 5-year figure is -0.28, and annualized covariance runs at -5488.5 %².
Among the 12 assets we track against BENF, MLTX sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with BENF ahead by 49.1 points (-22.9% versus -72.0%). One caveat on sizing: BENF is 2.2 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.
BENF vs MLTX: side by side
| BENF (Beneficient) | MLTX (MoonLake Immunotherapeutics - Class A) | |
|---|---|---|
| 1-year return | -22.9% | -72.0% |
| 5-year return | -100.0% | +57.2% |
| Volatility (ann.) | 176.6% | 80.7% |
| Beta vs S&P 500 | 1.25 | 0.83 |
| Max drawdown (3Y) | -99.9% | -90.2% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BENF | MLTX |
|---|---|---|
| 2022 | +3.7% | +6.2% |
| 2023 | -95.3% | +475.1% |
| 2024 | -98.1% | -10.3% |
| 2025 | +18.0% | -75.7% |
| 2026 | -69.3% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BENF and MLTX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BENF and MLTX?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.73 over the last year and -0.28 over 5 years.
Is MLTX a good diversifier for BENF?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/benf-vs-mltx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/benf-vs-mltx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BENF correlations · MLTX correlations
