EZRA vs MBIO: Correlation
Measured on weekly returns over the past three years, Reliance Global Group, Inc. (EZRA) and Mustang Bio, Inc. (MBIO) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EZRA and MBIO?
Across a 3-year window, the weekly returns of EZRA and MBIO correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.29) runs below the 3-year figure (0.42). Stretching to 5 years gives 0.36, with an annualized covariance of 13899.9 %².
Few assets follow EZRA as closely as MBIO, which ranks #2 of 12 tracked partners. The last year tells two different stories: MBIO led by 28.3 percentage points, -92.3% for EZRA against -64.0% for MBIO.
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.
EZRA vs MBIO: side by side
| EZRA (Reliance Global Group, Inc.) | MBIO (Mustang Bio, Inc.) | |
|---|---|---|
| 1-year return | -92.3% | -64.0% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 149.2% | 222.7% |
| Beta vs S&P 500 | 1.32 | 1.27 |
| Max drawdown (3Y) | -99.9% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | 0.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EZRA | MBIO |
|---|---|---|
| 2022 | -91.2% | -76.2% |
| 2023 | -93.7% | -77.2% |
| 2024 | -71.7% | -86.9% |
| 2025 | -79.6% | -88.9% |
| 2026 | -86.0% | -43.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EZRA and MBIO good diversifiers for each other?
Reasonably. At 0.42, EZRA and MBIO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EZRA and MBIO?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.29 over the last year and 0.36 over 5 years.
Is MBIO a good diversifier for EZRA?
Reasonably. At 0.42, EZRA and MBIO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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/ezra-vs-mbio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ezra-vs-mbio/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EZRA correlations · MBIO correlations
