CATX vs NGNE: Correlation
How closely do Perspective Therapeutics, Inc. (CATX) and Neurogene Inc. (NGNE) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATX and NGNE?
Across a 3-year window, the weekly returns of CATX and NGNE correlate at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.35 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 3761.5 %².
Among the 14 assets we track against CATX, NGNE ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NGNE outperformed by 104.1 percentage points (-11.9% for CATX against +92.2% for NGNE).
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.
CATX vs NGNE: side by side
| CATX (Perspective Therapeutics, Inc.) | NGNE (Neurogene Inc.) | |
|---|---|---|
| 1-year return | -11.9% | +92.2% |
| 5-year return | -49.5% | -76.7% |
| Volatility (ann.) | 105.9% | 102.1% |
| Beta vs S&P 500 | 1.10 | 2.68 |
| Max drawdown (3Y) | -90.7% | -89.7% |
| Market cap | $0.4B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATX | NGNE |
|---|---|---|
| 2022 | -35.9% | -89.4% |
| 2023 | +60.0% | +90.4% |
| 2024 | -20.2% | +18.0% |
| 2025 | -13.8% | -9.9% |
| 2026 | +15.6% | +83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATX and NGNE good diversifiers for each other?
Reasonably. At 0.35, CATX and NGNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CATX and NGNE?
As of 2026-08-27, the correlation of weekly returns between CATX and NGNE is 0.35 over 3 years, 0.21 over 1 year and 0.30 over 5 years.
Is NGNE a good diversifier for CATX?
Reasonably. At 0.35, CATX and NGNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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
$ curl https://www.pairbook.io/api/v1/pairs/catx-vs-ngne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/catx-vs-ngne/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CATX correlations · NGNE correlations
