MGX vs RDZN: Correlation
How closely do Metagenomi Therapeutics, Inc. (MGX) and Roadzen, Inc. (RDZN) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGX and RDZN?
Across a 3-year window, the weekly returns of MGX and RDZN correlate at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.30 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 3070.8 %².
Among the 18 assets we track against MGX, RDZN ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RDZN ahead by 85.4 points (-34.9% versus +50.5%).
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.
MGX vs RDZN: side by side
| MGX (Metagenomi Therapeutics, Inc.) | RDZN (Roadzen, Inc.) | |
|---|---|---|
| 1-year return | -34.9% | +50.5% |
| 5-year return | n/a | -84.9% |
| Volatility (ann.) | 86.5% | 122.6% |
| Beta vs S&P 500 | 1.23 | 1.57 |
| Max drawdown (3Y) | -90.7% | -94.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 6.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGX | RDZN |
|---|---|---|
| 2023 | – | -50.3% |
| 2024 | – | -57.2% |
| 2025 | -55.1% | +10.6% |
| 2026 | -25.3% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGX and RDZN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MGX and RDZN?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.09 over the last year and n/a over 5 years.
Is RDZN a good diversifier for MGX?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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/mgx-vs-rdzn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgx-vs-rdzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGX correlations · RDZN correlations
