MGX vs SENS: Correlation
Measured on weekly returns over the past three years, Metagenomi Therapeutics, Inc. (MGX) and Senseonics Holdings, Inc. (SENS) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGX and SENS?
Over the past 3 years, MGX and SENS moved with a correlation of 0.41, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.41 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3698.8 %².
Among the 18 assets we track against MGX, SENS ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SENS ahead by 36.0 points (-34.9% versus +1.1%).
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 SENS: side by side
| MGX (Metagenomi Therapeutics, Inc.) | SENS (Senseonics Holdings, Inc.) | |
|---|---|---|
| 1-year return | -34.9% | +1.1% |
| 5-year return | n/a | -87.7% |
| Volatility (ann.) | 86.5% | 97.8% |
| Beta vs S&P 500 | 1.23 | 1.76 |
| Max drawdown (3Y) | -90.7% | -81.5% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGX | SENS |
|---|---|---|
| 2022 | – | -61.4% |
| 2023 | – | -44.7% |
| 2024 | – | -8.2% |
| 2025 | -55.1% | -47.2% |
| 2026 | -25.3% | +70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGX and SENS good diversifiers for each other?
Reasonably. At 0.41, MGX and SENS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MGX and SENS?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.20 over the last year and n/a over 5 years.
Is SENS a good diversifier for MGX?
Reasonably. At 0.41, MGX and SENS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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-sens.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgx-vs-sens/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGX correlations · SENS correlations
