IDYA vs SGMT: Correlation
Measured on weekly returns over the past three years, IDEAYA Biosciences, Inc. (IDYA) and Sagimet Biosciences Inc. - Series A (SGMT) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDYA and SGMT?
Across a 3-year window, the weekly returns of IDYA and SGMT correlate at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.44 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 2516.6 %².
Among the 23 assets we track against IDYA, SGMT ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IDYA outperformed by 28.9 percentage points (+67.1% for IDYA against +38.2% for SGMT). Risk is not evenly split, since SGMT carries 2.8 times the volatility of the other side.
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.
IDYA vs SGMT: side by side
| IDYA (IDEAYA Biosciences, Inc.) | SGMT (Sagimet Biosciences Inc. - Series A) | |
|---|---|---|
| 1-year return | +67.1% | +38.2% |
| 5-year return | +82.5% | n/a |
| Volatility (ann.) | 45.3% | 126.2% |
| Beta vs S&P 500 | 1.37 | 3.24 |
| Max drawdown (3Y) | -69.2% | -89.7% |
| Market cap | $4.0B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDYA | SGMT |
|---|---|---|
| 2022 | -23.1% | – |
| 2023 | +95.8% | – |
| 2024 | -27.8% | -17.0% |
| 2025 | +34.5% | +31.6% |
| 2026 | +20.8% | +81.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDYA and SGMT good diversifiers for each other?
Reasonably. At 0.44, IDYA and SGMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IDYA and SGMT?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.14 over the last year and n/a over 5 years.
Is SGMT a good diversifier for IDYA?
Reasonably. At 0.44, IDYA and SGMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/idya-vs-sgmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/idya-vs-sgmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IDYA correlations · SGMT correlations
