GLUE vs KMDA: Correlation
How closely do Monte Rosa Therapeutics, Inc. (GLUE) and Kamada Ltd. (KMDA) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLUE and KMDA?
Across a 3-year window, the weekly returns of GLUE and KMDA correlate at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 1624.7 %².
By 3-year correlation, KMDA places #8 of the 16 assets tracked against GLUE. Their recent paths diverged sharply: over the last 12 months GLUE outperformed by 187.2 percentage points (+206.6% for GLUE against +19.4% for KMDA). One caveat on sizing: GLUE is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GLUE vs KMDA: side by side
| GLUE (Monte Rosa Therapeutics, Inc.) | KMDA (Kamada Ltd.) | |
|---|---|---|
| 1-year return | +206.6% | +19.4% |
| 5-year return | -61.7% | +62.4% |
| Volatility (ann.) | 104.5% | 36.7% |
| Beta vs S&P 500 | 1.91 | 0.75 |
| Max drawdown (3Y) | -64.3% | -28.9% |
| Market cap | $1.2B | $0.5B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 0.00% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLUE | KMDA |
|---|---|---|
| 2022 | -62.7% | -39.1% |
| 2023 | -25.8% | +52.6% |
| 2024 | +22.8% | -0.5% |
| 2025 | +125.9% | +19.2% |
| 2026 | -8.7% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLUE and KMDA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GLUE and KMDA?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.38 over the last year and 0.35 over 5 years.
Is KMDA a good diversifier for GLUE?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined 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/glue-vs-kmda.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glue-vs-kmda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLUE correlations · KMDA correlations
