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BMEA vs VYGR: Correlation

How closely do Biomea Fusion, Inc. (BMEA) and Voyager Therapeutics, Inc. (VYGR) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.42
moderate
Correlation (1Y)
0.21
last 12 months
Correlation (5Y)
0.15
long-run
Ann. covariance
2688.1
%² · weekly, annualized

How correlated are BMEA and VYGR?

Over the past 3 years, BMEA and VYGR moved with a correlation of 0.42, which is moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.42). Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 2688.1 %².

Within BMEA's tracked universe of 12 assets, VYGR comes in at #4 by 3-year correlation. The trailing year gives VYGR the advantage: -9.7% versus +1.2%, a 10.9-point spread. One caveat on sizing: BMEA is 1.8 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.

BMEA vs VYGR: side by side

BMEA (Biomea Fusion, Inc.)VYGR (Voyager Therapeutics, Inc.)
1-year return-9.7%+1.2%
5-year return-87.8%+7.5%
Volatility (ann.)106.6%60.2%
Beta vs S&P 5001.561.35
Max drawdown (3Y)-95.2%-74.8%
Market cap$0.1B$0.2B
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: VYGR -74.8% vs -95.2%Higher 5y return: VYGR +7.5% vs -87.8%
-49%0%+18%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). BMEA · VYGR

Year-by-year returns

YearBMEAVYGR
2022+13.2%+125.1%
2023+72.2%+38.4%
2024-73.3%-32.8%
2025-68.0%-30.7%
2026+35.5%-12.0%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are BMEA and VYGR good diversifiers for each other?

Reasonably. At 0.42, BMEA and VYGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

FAQ

What is the correlation between BMEA and VYGR?

Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.21 over the last year and 0.15 over 5 years.

Is VYGR a good diversifier for BMEA?

Reasonably. At 0.42, BMEA and VYGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

What does a correlation of 0.42 mean?

On the −1 to +1 scale, 0.42 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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BMEA vs VYGR: 3-year weekly correlation 0.42BMEA vs VYGR0.42

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Hubs: BMEA correlations · VYGR correlations