BLND vs CUE: Correlation
Measured on weekly returns over the past three years, Blend Labs, Inc. (BLND) and Cue Biopharma, Inc. (CUE) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLND and CUE?
On 3 years of weekly data the BLND/CUE correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.23). The 5-year figure is -0.13, and annualized covariance runs at -2659.3 %².
Out of 12 assets tracked against BLND, CUE lands near the bottom at #10. The last year tells two different stories: CUE led by 70.8 percentage points, -57.2% for BLND against +13.6% for CUE. Note the risk asymmetry: CUE runs 2.1 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.
BLND vs CUE: side by side
| BLND (Blend Labs, Inc.) | CUE (Cue Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -57.2% | +13.6% |
| 5-year return | -90.5% | -92.2% |
| Volatility (ann.) | 75.5% | 155.6% |
| Beta vs S&P 500 | 1.32 | 2.74 |
| Max drawdown (3Y) | -74.2% | -94.3% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLND | CUE |
|---|---|---|
| 2022 | -80.4% | -74.8% |
| 2023 | +77.1% | -7.4% |
| 2024 | +65.1% | -58.7% |
| 2025 | -27.8% | -72.0% |
| 2026 | -49.3% | +207.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLND and CUE good diversifiers for each other?
Yes. With a correlation of -0.23, BLND and CUE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BLND and CUE?
As of 2026-08-27, the correlation of weekly returns between BLND and CUE is -0.23 over 3 years, -0.41 over 1 year and -0.13 over 5 years.
Is CUE a good diversifier for BLND?
Yes. With a correlation of -0.23, BLND and CUE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/blnd-vs-cue.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blnd-vs-cue/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLND correlations · CUE correlations
