MFI vs URGN: Correlation
Measured on weekly returns over the past three years, mF International Limited - Class A (MFI) and UroGen Pharma Ltd. (URGN) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MFI and URGN?
Over the past 3 years, MFI and URGN moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.39). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 6782.7 %².
Within MFI's tracked universe of 16 assets, URGN comes in at #8 by 3-year correlation. The last year tells two different stories: URGN led by 208.2 percentage points, -75.3% for MFI against +132.9% for URGN. Note the risk asymmetry: MFI runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MFI vs URGN: side by side
| MFI (mF International Limited - Class A) | URGN (UroGen Pharma Ltd.) | |
|---|---|---|
| 1-year return | -75.3% | +132.9% |
| 5-year return | n/a | +157.5% |
| Volatility (ann.) | 180.8% | 88.1% |
| Beta vs S&P 500 | 2.81 | 1.29 |
| Max drawdown (3Y) | -95.8% | -79.7% |
| Market cap | $0.5B | $2.2B |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MFI | URGN |
|---|---|---|
| 2022 | – | -6.7% |
| 2023 | – | +69.1% |
| 2024 | – | -29.0% |
| 2025 | +245.6% | +119.9% |
| 2026 | -50.9% | +94.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MFI and URGN good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MFI and URGN?
The MFI/URGN correlation stands at 0.39 on a 3-year window (1 year: 0.18, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is URGN a good diversifier for MFI?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/mfi-vs-urgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mfi-vs-urgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MFI correlations · URGN correlations
