BMEA vs MNDR: Correlation
Biomea Fusion, Inc. (BMEA) and Mobile-health Network Solutions - Class A (MNDR) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMEA and MNDR?
Over the past 3 years, BMEA and MNDR moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.21). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3587.0 %².
MNDR is close to the least connected end of BMEA's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months BMEA outperformed by 85.2 percentage points (-9.7% for BMEA against -94.9% for MNDR). Note the risk asymmetry: MNDR runs 1.5 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.
BMEA vs MNDR: side by side
| BMEA (Biomea Fusion, Inc.) | MNDR (Mobile-health Network Solutions - Class A) | |
|---|---|---|
| 1-year return | -9.7% | -94.9% |
| 5-year return | -87.8% | n/a |
| Volatility (ann.) | 106.6% | 161.8% |
| Beta vs S&P 500 | 1.56 | -0.61 |
| Max drawdown (3Y) | -95.2% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMEA | MNDR |
|---|---|---|
| 2022 | +13.2% | – |
| 2023 | +72.2% | – |
| 2024 | -73.3% | – |
| 2025 | -68.0% | -93.0% |
| 2026 | +35.5% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMEA and MNDR good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between BMEA and MNDR?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.38 over the last year and n/a over 5 years.
Is MNDR a good diversifier for BMEA?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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: BMEA correlations · MNDR correlations
