LXEO vs MGTX: Correlation
How closely do Lexeo Therapeutics, Inc. (LXEO) and MeiraGTx Holdings plc (MGTX) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXEO and MGTX?
Across a 3-year window, the weekly returns of LXEO and MGTX correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.45). Stretching to 5 years gives n/a, with an annualized covariance of 3377.4 %².
By 3-year correlation, MGTX places #4 of the 13 assets tracked against LXEO. Correlation aside, the last 12 months split them widely, with MGTX ahead by 87.2 points (+2.9% versus +90.1%).
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.
LXEO vs MGTX: side by side
| LXEO (Lexeo Therapeutics, Inc.) | MGTX (MeiraGTx Holdings plc) | |
|---|---|---|
| 1-year return | +2.9% | +90.1% |
| 5-year return | n/a | +2.2% |
| Volatility (ann.) | 103.0% | 77.0% |
| Beta vs S&P 500 | 2.10 | 2.02 |
| Max drawdown (3Y) | -90.5% | -47.1% |
| Market cap | $0.4B | $1.4B |
| P/E (trailing) | – | 16.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LXEO | MGTX |
|---|---|---|
| 2022 | – | -72.5% |
| 2023 | – | +7.7% |
| 2024 | -51.0% | -13.2% |
| 2025 | +50.9% | +30.5% |
| 2026 | -49.7% | +77.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXEO and MGTX good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LXEO and MGTX?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.31 over the last year and n/a over 5 years.
Is MGTX a good diversifier for LXEO?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/lxeo-vs-mgtx.json
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[](https://www.pairbook.io/pair/lxeo-vs-mgtx/)
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Related comparisons
Hubs: LXEO correlations · MGTX correlations
