GLUE vs NAGE: Correlation
How closely do Monte Rosa Therapeutics, Inc. (GLUE) and Niagen Bioscience, Inc. (NAGE) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLUE and NAGE?
On 3 years of weekly data the GLUE/NAGE correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.44). The 5-year figure is 0.44, and annualized covariance runs at 3639.0 %².
By 3-year correlation, NAGE places #6 of the 16 assets tracked against GLUE. The last year tells two different stories: GLUE led by 273.7 percentage points, +206.6% for GLUE against -67.1% for NAGE.
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 NAGE: side by side
| GLUE (Monte Rosa Therapeutics, Inc.) | NAGE (Niagen Bioscience, Inc.) | |
|---|---|---|
| 1-year return | +206.6% | -67.1% |
| 5-year return | -61.7% | -61.2% |
| Volatility (ann.) | 104.5% | 78.5% |
| Beta vs S&P 500 | 1.91 | 0.93 |
| Max drawdown (3Y) | -64.3% | -79.5% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | – | 17.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLUE | NAGE |
|---|---|---|
| 2022 | -62.7% | -55.1% |
| 2023 | -25.8% | -14.9% |
| 2024 | +22.8% | +271.3% |
| 2025 | +125.9% | +19.8% |
| 2026 | -8.7% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLUE and NAGE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GLUE and NAGE?
As of 2026-08-27, the correlation of weekly returns between GLUE and NAGE is 0.44 over 3 years, 0.26 over 1 year and 0.44 over 5 years.
Is NAGE a good diversifier for GLUE?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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.
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Related comparisons
Hubs: GLUE correlations · NAGE correlations
