ERAS vs GLUE: Correlation
Erasca, Inc. (ERAS) and Monte Rosa Therapeutics, Inc. (GLUE) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERAS and GLUE?
Across a 3-year window, the weekly returns of ERAS and GLUE correlate at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.47). Stretching to 5 years gives 0.47, with an annualized covariance of 4891.7 %².
In ERAS's tracked universe of 14 assets, GLUE sits right near the top at #3. Correlation aside, the last 12 months split them widely, with ERAS ahead by 926.9 points (+1133.5% 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.
ERAS vs GLUE: side by side
| ERAS (Erasca, Inc.) | GLUE (Monte Rosa Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +1133.5% | +206.6% |
| 5-year return | -17.1% | -61.7% |
| Volatility (ann.) | 99.2% | 104.5% |
| Beta vs S&P 500 | 1.88 | 1.91 |
| Max drawdown (3Y) | -67.7% | -64.3% |
| Market cap | $6.8B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ERAS | GLUE |
|---|---|---|
| 2022 | -72.3% | -62.7% |
| 2023 | -50.6% | -25.8% |
| 2024 | +17.8% | +22.8% |
| 2025 | +48.2% | +125.9% |
| 2026 | +423.9% | -8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERAS and GLUE good diversifiers for each other?
Reasonably. At 0.47, ERAS and GLUE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ERAS and GLUE?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.60 over the last year and 0.47 over 5 years.
Is GLUE a good diversifier for ERAS?
Reasonably. At 0.47, ERAS and GLUE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ERAS correlations · GLUE correlations
