GLUE vs MLTX: Correlation
How closely do Monte Rosa Therapeutics, Inc. (GLUE) and MoonLake Immunotherapeutics - Class A (MLTX) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLUE and MLTX?
On 3 years of weekly data the GLUE/MLTX correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 3272.4 %².
By 3-year correlation, MLTX places #9 of the 16 assets tracked against GLUE. Their recent paths diverged sharply: over the last 12 months GLUE outperformed by 278.6 percentage points (+206.6% for GLUE against -72.0% for MLTX).
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 MLTX: side by side
| GLUE (Monte Rosa Therapeutics, Inc.) | MLTX (MoonLake Immunotherapeutics - Class A) | |
|---|---|---|
| 1-year return | +206.6% | -72.0% |
| 5-year return | -61.7% | +57.2% |
| Volatility (ann.) | 104.5% | 80.7% |
| Beta vs S&P 500 | 1.91 | 0.83 |
| Max drawdown (3Y) | -64.3% | -90.2% |
| Market cap | $1.2B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLUE | MLTX |
|---|---|---|
| 2022 | -62.7% | +6.2% |
| 2023 | -25.8% | +475.1% |
| 2024 | +22.8% | -10.3% |
| 2025 | +125.9% | -75.7% |
| 2026 | -8.7% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLUE and MLTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GLUE and MLTX?
As of 2026-08-27, the correlation of weekly returns between GLUE and MLTX is 0.39 over 3 years, 0.49 over 1 year and 0.20 over 5 years.
Is MLTX a good diversifier for GLUE?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/glue-vs-mltx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/glue-vs-mltx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GLUE correlations · MLTX correlations
