KLRS vs MTA: Correlation
Measured on weekly returns over the past three years, Kalaris Therapeutics, Inc. (KLRS) and Metalla Royalty & Streaming Ltd. (MTA) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLRS and MTA?
On 3 years of weekly data the KLRS/MTA correlation comes out at 0.35, moderate. The past 12 months show a tighter link (0.48) than the 3-year average (0.35). The 5-year figure is 0.28, and annualized covariance runs at 1801.2 %².
By 3-year correlation, MTA places #5 of the 15 assets tracked against KLRS. Their recent paths diverged sharply: over the last 12 months MTA outperformed by 86.6 percentage points (+33.1% for KLRS against +119.7% for MTA). Risk is not evenly split, since KLRS carries 1.9 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.
KLRS vs MTA: side by side
| KLRS (Kalaris Therapeutics, Inc.) | MTA (Metalla Royalty & Streaming Ltd.) | |
|---|---|---|
| 1-year return | +33.1% | +119.7% |
| 5-year return | -99.1% | +45.5% |
| Volatility (ann.) | 98.7% | 51.6% |
| Beta vs S&P 500 | 1.33 | 1.16 |
| Max drawdown (3Y) | -97.0% | -44.4% |
| Market cap | $0.1B | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KLRS | MTA |
|---|---|---|
| 2022 | -60.4% | -29.1% |
| 2023 | -86.7% | -37.0% |
| 2024 | -38.2% | -18.5% |
| 2025 | -12.6% | +210.0% |
| 2026 | -51.4% | +41.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLRS and MTA good diversifiers for each other?
Reasonably. At 0.35, KLRS and MTA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KLRS and MTA?
As of 2026-08-27, the correlation of weekly returns between KLRS and MTA is 0.35 over 3 years, 0.48 over 1 year and 0.28 over 5 years.
Is MTA a good diversifier for KLRS?
Reasonably. At 0.35, KLRS and MTA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/klrs-vs-mta/)
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Related comparisons
Hubs: KLRS correlations · MTA correlations
