CUE vs FUSE: Correlation
Cue Biopharma, Inc. (CUE) and Fusemachines Inc. (FUSE) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUE and FUSE?
Across a 3-year window, the weekly returns of CUE and FUSE correlate at 0.32, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.32). Stretching to 5 years gives 0.30, with an annualized covariance of 5519.8 %².
Among the 15 assets we track against CUE, FUSE ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CUE outperformed by 108.2 percentage points (+13.6% for CUE against -94.6% for FUSE).
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.
CUE vs FUSE: side by side
| CUE (Cue Biopharma, Inc.) | FUSE (Fusemachines Inc.) | |
|---|---|---|
| 1-year return | +13.6% | -94.6% |
| 5-year return | -92.2% | -92.2% |
| Volatility (ann.) | 155.6% | 111.4% |
| Beta vs S&P 500 | 2.74 | 0.31 |
| Max drawdown (3Y) | -94.3% | -96.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CUE | FUSE |
|---|---|---|
| 2022 | -74.8% | – |
| 2023 | -7.4% | +7.6% |
| 2024 | -58.7% | +5.6% |
| 2025 | -72.0% | -85.7% |
| 2026 | +207.8% | -53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUE and FUSE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CUE and FUSE?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.56 over the last year and 0.30 over 5 years.
Is FUSE a good diversifier for CUE?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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: CUE correlations · FUSE correlations
