INKT vs SABS: Correlation
MiNK Therapeutics, Inc. (INKT) and SAB Biotherapeutics, Inc. (SABS) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INKT and SABS?
Over the past 3 years, INKT and SABS moved with a correlation of 0.32, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.00 versus 0.32 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 12945.8 %².
Among the 27 assets we track against INKT, SABS ranks #14 by 3-year correlation. The last year tells two different stories: SABS led by 112.3 percentage points, -26.9% for INKT against +85.4% for SABS. Note the risk asymmetry: INKT runs 5.3 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 SABS: side by side
| INKT (MiNK Therapeutics, Inc.) | SABS (SAB Biotherapeutics, Inc.) | |
|---|---|---|
| 1-year return | -26.9% | +85.4% |
| 5-year return | -90.3% | -96.1% |
| Volatility (ann.) | 464.2% | 86.9% |
| Beta vs S&P 500 | 0.50 | 0.67 |
| Max drawdown (3Y) | -86.7% | -89.0% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 16.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INKT | SABS |
|---|---|---|
| 2022 | -41.5% | -92.4% |
| 2023 | -59.0% | +16.6% |
| 2024 | -34.9% | -44.9% |
| 2025 | +60.0% | -1.4% |
| 2026 | +4.8% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INKT and SABS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INKT and SABS?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.00 over the last year and 0.23 over 5 years.
Is SABS a good diversifier for INKT?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: INKT correlations · SABS correlations
