MGTX vs RTB: Correlation
MeiraGTx Holdings plc (MGTX) and RTB Digital, Inc. (RTB) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGTX and RTB?
On 3 years of weekly data the MGTX/RTB correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.44). The 5-year figure is 0.27, and annualized covariance runs at 5109.1 %².
Among the 20 assets we track against MGTX, RTB ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MGTX outperformed by 74.6 percentage points (+90.1% for MGTX against +15.5% for RTB). Note the risk asymmetry: RTB runs 2.0 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.
MGTX vs RTB: side by side
| MGTX (MeiraGTx Holdings plc) | RTB (RTB Digital, Inc.) | |
|---|---|---|
| 1-year return | +90.1% | +15.5% |
| 5-year return | +2.2% | -99.6% |
| Volatility (ann.) | 77.0% | 150.2% |
| Beta vs S&P 500 | 2.02 | 2.93 |
| Max drawdown (3Y) | -47.1% | -99.2% |
| Market cap | $1.4B | $0.2B |
| P/E (trailing) | 16.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGTX | RTB |
|---|---|---|
| 2022 | -72.5% | -89.0% |
| 2023 | +7.7% | -9.6% |
| 2024 | -13.2% | -68.8% |
| 2025 | +30.5% | -87.7% |
| 2026 | +77.9% | +131.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGTX and RTB good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MGTX and RTB?
As of 2026-08-27, the correlation of weekly returns between MGTX and RTB is 0.44 over 3 years, 0.59 over 1 year and 0.27 over 5 years.
Is RTB a good diversifier for MGTX?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/mgtx-vs-rtb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mgtx-vs-rtb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MGTX correlations · RTB correlations
