MGX vs SABS: Correlation
Metagenomi Therapeutics, Inc. (MGX) and SAB Biotherapeutics, Inc. (SABS) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGX and SABS?
Across a 3-year window, the weekly returns of MGX and SABS correlate at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.39). Stretching to 5 years gives n/a, with an annualized covariance of 2967.4 %².
Within MGX's tracked universe of 18 assets, SABS comes in at #9 by 3-year correlation. The last year tells two different stories: SABS led by 120.3 percentage points, -34.9% for MGX against +85.4% for SABS.
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 SABS: side by side
| MGX (Metagenomi Therapeutics, Inc.) | SABS (SAB Biotherapeutics, Inc.) | |
|---|---|---|
| 1-year return | -34.9% | +85.4% |
| 5-year return | n/a | -96.1% |
| Volatility (ann.) | 86.5% | 86.9% |
| Beta vs S&P 500 | 1.23 | 0.67 |
| Max drawdown (3Y) | -90.7% | -89.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 16.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGX | SABS |
|---|---|---|
| 2022 | – | -92.4% |
| 2023 | – | +16.6% |
| 2024 | – | -44.9% |
| 2025 | -55.1% | -1.4% |
| 2026 | -25.3% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGX and SABS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MGX and SABS?
As of 2026-08-27, the correlation of weekly returns between MGX and SABS is 0.39 over 3 years, 0.01 over 1 year and n/a over 5 years.
Is SABS a good diversifier for MGX?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
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
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Related comparisons
Hubs: MGX correlations · SABS correlations
