CABA vs GMM: Correlation
Cabaletta Bio, Inc. (CABA) and Global Mofy AI Limited - Class A (GMM) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CABA and GMM?
Across a 3-year window, the weekly returns of CABA and GMM correlate at 0.49, moderate. The past 12 months show a weaker link (-0.07) than the 3-year average (0.49). Stretching to 5 years gives n/a, with an annualized covariance of 68633.2 %².
GMM is one of the assets that tracks CABA most closely: it ranks #3 out of the 14 assets we track against CABA. The last year tells two different stories: CABA led by 222.8 percentage points, +125.3% for CABA against -97.5% for GMM. Risk is not evenly split, since GMM carries 8.8 times the volatility of the other side.
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.
CABA vs GMM: side by side
| CABA (Cabaletta Bio, Inc.) | GMM (Global Mofy AI Limited - Class A) | |
|---|---|---|
| 1-year return | +125.3% | -97.5% |
| 5-year return | -66.5% | n/a |
| Volatility (ann.) | 125.4% | 1098.3% |
| Beta vs S&P 500 | 3.70 | 2.95 |
| Max drawdown (3Y) | -95.9% | -99.7% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CABA | GMM |
|---|---|---|
| 2022 | +144.1% | – |
| 2023 | +145.4% | – |
| 2024 | -90.0% | -30.5% |
| 2025 | -3.5% | -69.6% |
| 2026 | +54.3% | -95.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CABA and GMM good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CABA and GMM?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with -0.07 over the last year and n/a over 5 years.
Is GMM a good diversifier for CABA?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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: CABA correlations · GMM correlations
