MF vs PASG: Correlation
How closely do MindForge Inc. - Class A (MF) and Passage Bio, Inc. (PASG) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MF and PASG?
Across a 3-year window, the weekly returns of MF and PASG correlate at 0.57, moderate. The past 12 months show a weaker link (-0.06) than the 3-year average (0.57). Stretching to 5 years gives n/a, with an annualized covariance of 64588.6 %².
Among the 23 assets we track against MF, PASG ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PASG outperformed by 33.1 percentage points (-71.6% for MF against -38.5% for PASG). Risk is not evenly split, since MF carries 6.5 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.
MF vs PASG: side by side
| MF (MindForge Inc. - Class A) | PASG (Passage Bio, Inc.) | |
|---|---|---|
| 1-year return | -71.6% | -38.5% |
| 5-year return | n/a | -98.1% |
| Volatility (ann.) | 830.3% | 128.4% |
| Beta vs S&P 500 | 3.38 | 2.11 |
| Max drawdown (3Y) | -99.7% | -88.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MF | PASG |
|---|---|---|
| 2022 | – | -78.3% |
| 2023 | – | -26.8% |
| 2024 | – | -43.9% |
| 2025 | -40.7% | +4.1% |
| 2026 | -62.4% | -63.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MF and PASG good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MF and PASG?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with -0.06 over the last year and n/a over 5 years.
Is PASG a good diversifier for MF?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mf-vs-pasg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mf-vs-pasg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MF correlations · PASG correlations
