BMEA vs TNGX: Correlation
Biomea Fusion, Inc. (BMEA) and Tango Therapeutics, Inc. (TNGX) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMEA and TNGX?
Over the past 3 years, BMEA and TNGX moved with a correlation of 0.32, which is moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.32). Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 3696.0 %².
Within BMEA's tracked universe of 12 assets, TNGX comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TNGX outperformed by 276.1 percentage points (-9.7% for BMEA against +266.4% for TNGX).
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 TNGX: side by side
| BMEA (Biomea Fusion, Inc.) | TNGX (Tango Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -9.7% | +266.4% |
| 5-year return | -87.8% | +112.1% |
| Volatility (ann.) | 106.6% | 109.5% |
| Beta vs S&P 500 | 1.56 | 1.01 |
| Max drawdown (3Y) | -95.2% | -91.5% |
| Market cap | $0.1B | $4.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMEA | TNGX |
|---|---|---|
| 2022 | +13.2% | -33.7% |
| 2023 | +72.2% | +36.6% |
| 2024 | -73.3% | -68.8% |
| 2025 | -68.0% | +186.7% |
| 2026 | +35.5% | +185.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMEA and TNGX good diversifiers for each other?
Reasonably. At 0.32, BMEA and TNGX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BMEA and TNGX?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.08 over the last year and 0.12 over 5 years.
Is TNGX a good diversifier for BMEA?
Reasonably. At 0.32, BMEA and TNGX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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/bmea-vs-tngx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bmea-vs-tngx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMEA correlations · TNGX correlations
