CLNN vs NGNE: Correlation
Clene Inc. (CLNN) and Neurogene Inc. (NGNE) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLNN and NGNE?
Across a 3-year window, the weekly returns of CLNN and NGNE correlate at 0.30, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.30 over 3. Stretching to 5 years gives 0.27, with an annualized covariance of 3446.1 %².
Among the 11 assets we track against CLNN, NGNE ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NGNE outperformed by 109.1 percentage points (-16.9% for CLNN 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.
CLNN vs NGNE: side by side
| CLNN (Clene Inc.) | NGNE (Neurogene Inc.) | |
|---|---|---|
| 1-year return | -16.9% | +92.2% |
| 5-year return | -97.1% | -76.7% |
| Volatility (ann.) | 111.8% | 102.1% |
| Beta vs S&P 500 | 1.72 | 2.68 |
| Max drawdown (3Y) | -84.4% | -89.7% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLNN | NGNE |
|---|---|---|
| 2022 | -75.6% | -89.4% |
| 2023 | -70.0% | +90.4% |
| 2024 | -11.5% | +18.0% |
| 2025 | +10.5% | -9.9% |
| 2026 | -23.9% | +83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLNN and NGNE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLNN and NGNE?
As of 2026-08-27, the correlation of weekly returns between CLNN and NGNE is 0.30 over 3 years, 0.39 over 1 year and 0.27 over 5 years.
Is NGNE a good diversifier for CLNN?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 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: CLNN correlations · NGNE correlations
