INKT vs MTG: Correlation
MiNK Therapeutics, Inc. (INKT) and MGIC Investment Corporation (MTG) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INKT and MTG?
Over the past 3 years, INKT and MTG moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.31 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -3078.8 %².
Among the 27 assets we track against INKT, MTG sits near the bottom by co-movement, at rank #26. Their recent paths diverged sharply: over the last 12 months MTG outperformed by 40.4 percentage points (-26.9% for INKT against +13.5% for MTG). Note the risk asymmetry: INKT runs 21.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
INKT vs MTG: side by side
| INKT (MiNK Therapeutics, Inc.) | MTG (MGIC Investment Corporation) | |
|---|---|---|
| 1-year return | -26.9% | +13.5% |
| 5-year return | -90.3% | +129.5% |
| Volatility (ann.) | 464.2% | 21.6% |
| Beta vs S&P 500 | 0.50 | 0.57 |
| Max drawdown (3Y) | -86.7% | -15.8% |
| Market cap | $0.1B | $6.4B |
| P/E (trailing) | – | 9.8 |
| Dividend yield | 0.00% | 1.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INKT | MTG |
|---|---|---|
| 2022 | -41.5% | -7.5% |
| 2023 | -59.0% | +52.4% |
| 2024 | -34.9% | +25.7% |
| 2025 | +60.0% | +25.9% |
| 2026 | +4.8% | +8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INKT and MTG good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between INKT and MTG?
The INKT/MTG correlation stands at -0.31 on a 3-year window (1 year: -0.10, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is MTG a good diversifier for INKT?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/inkt-vs-mtg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/inkt-vs-mtg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INKT correlations · MTG correlations
