MAAS vs NKTX: Correlation
How closely do Maase Inc. - Class A (MAAS) and Nkarta, Inc. (NKTX) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAAS and NKTX?
Over the past 3 years, MAAS and NKTX moved with a correlation of 0.41, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.41 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 5214.2 %².
In MAAS's tracked universe of 13 assets, NKTX sits right near the top at #1. Correlation aside, the last 12 months split them widely, with MAAS ahead by 285.6 points (+308.4% versus +22.8%).
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.
MAAS vs NKTX: side by side
| MAAS (Maase Inc. - Class A) | NKTX (Nkarta, Inc.) | |
|---|---|---|
| 1-year return | +308.4% | +22.8% |
| 5-year return | -94.5% | -91.9% |
| Volatility (ann.) | 126.1% | 101.5% |
| Beta vs S&P 500 | 1.00 | 1.78 |
| Max drawdown (3Y) | -99.6% | -91.3% |
| Market cap | $7.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAAS | NKTX |
|---|---|---|
| 2022 | +14.9% | -61.0% |
| 2023 | -19.2% | +10.2% |
| 2024 | -94.6% | -62.3% |
| 2025 | -73.1% | -25.7% |
| 2026 | +206.3% | +48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAAS and NKTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MAAS and NKTX?
As of 2026-08-27, the correlation of weekly returns between MAAS and NKTX is 0.41 over 3 years, 0.54 over 1 year and 0.23 over 5 years.
Is NKTX a good diversifier for MAAS?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: MAAS correlations · NKTX correlations
