ELDN vs GLUE: Correlation
Eledon Pharmaceuticals, Inc. (ELDN) and Monte Rosa Therapeutics, Inc. (GLUE) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELDN and GLUE?
Across a 3-year window, the weekly returns of ELDN and GLUE correlate at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.43 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 3673.0 %².
Few assets follow ELDN as closely as GLUE, which ranks #1 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with GLUE ahead by 177.9 points (+28.7% versus +206.6%).
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.
ELDN vs GLUE: side by side
| ELDN (Eledon Pharmaceuticals, Inc.) | GLUE (Monte Rosa Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +28.7% | +206.6% |
| 5-year return | -58.7% | -61.7% |
| Volatility (ann.) | 82.7% | 104.5% |
| Beta vs S&P 500 | 1.13 | 1.91 |
| Max drawdown (3Y) | -73.8% | -64.3% |
| Market cap | $0.3B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELDN | GLUE |
|---|---|---|
| 2022 | -48.3% | -62.7% |
| 2023 | -21.1% | -25.8% |
| 2024 | +128.9% | +22.8% |
| 2025 | -63.3% | +125.9% |
| 2026 | +119.9% | -8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELDN and GLUE good diversifiers for each other?
Reasonably. At 0.43, ELDN and GLUE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ELDN and GLUE?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.21 over the last year and 0.31 over 5 years.
Is GLUE a good diversifier for ELDN?
Reasonably. At 0.43, ELDN and GLUE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eldn-vs-glue.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eldn-vs-glue/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ELDN correlations · GLUE correlations
