CGEM vs MAIA: Correlation
Cullinan Therapeutics, Inc. (CGEM) and MAIA Biotechnology, Inc. (MAIA) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGEM and MAIA?
Over the past 3 years, CGEM and MAIA moved with a correlation of 0.34, which is moderate. Recent behaviour matches the longer record: 0.27 over 1 year against 0.34 over 3. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 2210.3 %².
By 3-year correlation, MAIA places #8 of the 13 assets tracked against CGEM. Their recent paths diverged sharply: over the last 12 months CGEM outperformed by 201.4 percentage points (+185.0% for CGEM against -16.4% for MAIA).
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.
CGEM vs MAIA: side by side
| CGEM (Cullinan Therapeutics, Inc.) | MAIA (MAIA Biotechnology, Inc.) | |
|---|---|---|
| 1-year return | +185.0% | -16.4% |
| 5-year return | -23.5% | n/a |
| Volatility (ann.) | 72.4% | 90.7% |
| Beta vs S&P 500 | 1.20 | 1.35 |
| Max drawdown (3Y) | -80.4% | -82.9% |
| Market cap | $1.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGEM | MAIA |
|---|---|---|
| 2022 | -31.6% | – |
| 2023 | -3.4% | -66.7% |
| 2024 | +19.5% | +69.2% |
| 2025 | -15.0% | -22.7% |
| 2026 | +118.4% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGEM and MAIA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CGEM and MAIA?
As of 2026-08-27, the correlation of weekly returns between CGEM and MAIA is 0.34 over 3 years, 0.27 over 1 year and 0.28 over 5 years.
Is MAIA a good diversifier for CGEM?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cgem-vs-maia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgem-vs-maia/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CGEM correlations · MAIA correlations
