CABA vs UMAC: Correlation
Cabaletta Bio, Inc. (CABA) and Unusual Machines, Inc. (UMAC) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CABA and UMAC?
Over the past 3 years, CABA and UMAC moved with a correlation of 0.50, which is moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.50). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 16640.2 %².
UMAC is one of the assets that tracks CABA most closely: it ranks #2 out of the 14 assets we track against CABA. Correlation aside, the last 12 months split them widely, with UMAC ahead by 31.8 points (+125.3% versus +157.1%). Risk is not evenly split, since UMAC carries 2.0 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 UMAC: side by side
| CABA (Cabaletta Bio, Inc.) | UMAC (Unusual Machines, Inc.) | |
|---|---|---|
| 1-year return | +125.3% | +157.1% |
| 5-year return | -66.5% | n/a |
| Volatility (ann.) | 125.4% | 248.9% |
| Beta vs S&P 500 | 3.70 | 3.43 |
| Max drawdown (3Y) | -95.9% | -75.6% |
| Market cap | $0.6B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CABA | UMAC |
|---|---|---|
| 2022 | +144.1% | – |
| 2023 | +145.4% | – |
| 2024 | -90.0% | – |
| 2025 | -3.5% | -24.3% |
| 2026 | +54.3% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CABA and UMAC good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CABA and UMAC?
The CABA/UMAC correlation stands at 0.50 on a 3-year window (1 year: 0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UMAC a good diversifier for CABA?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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 · UMAC correlations
