MAIA vs SHPH: Correlation
MAIA Biotechnology, Inc. (MAIA) and Shuttle Pharmaceuticals Holdings, Inc. (SHPH) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAIA and SHPH?
Across a 3-year window, the weekly returns of MAIA and SHPH correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.24, with an annualized covariance of 3644.3 %².
Few assets follow MAIA as closely as SHPH, which ranks #1 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with MAIA ahead by 72.0 points (-16.4% versus -88.4%).
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.
MAIA vs SHPH: side by side
| MAIA (MAIA Biotechnology, Inc.) | SHPH (Shuttle Pharmaceuticals Holdings, Inc.) | |
|---|---|---|
| 1-year return | -16.4% | -88.4% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 90.7% | 99.7% |
| Beta vs S&P 500 | 1.35 | 0.99 |
| Max drawdown (3Y) | -82.9% | -99.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 35.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAIA | SHPH |
|---|---|---|
| 2023 | -66.7% | -76.8% |
| 2024 | +69.2% | -76.4% |
| 2025 | -22.7% | -91.6% |
| 2026 | -9.8% | -78.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAIA and SHPH good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MAIA and SHPH?
As of 2026-08-27, the correlation of weekly returns between MAIA and SHPH is 0.40 over 3 years, 0.43 over 1 year and 0.24 over 5 years.
Is SHPH a good diversifier for MAIA?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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/maia-vs-shph.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/maia-vs-shph/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MAIA correlations · SHPH correlations
