MGX vs TRVI: Correlation
How closely do Metagenomi Therapeutics, Inc. (MGX) and Trevi Therapeutics, Inc. (TRVI) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGX and TRVI?
On 3 years of weekly data the MGX/TRVI correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.41 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 2949.8 %².
Among the 18 assets we track against MGX, TRVI ranks #8 by 3-year correlation. The last year tells two different stories: TRVI led by 159.4 percentage points, -34.9% for MGX against +124.5% for TRVI.
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 TRVI: side by side
| MGX (Metagenomi Therapeutics, Inc.) | TRVI (Trevi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -34.9% | +124.5% |
| 5-year return | n/a | +1008.6% |
| Volatility (ann.) | 86.5% | 81.1% |
| Beta vs S&P 500 | 1.23 | 0.55 |
| Max drawdown (3Y) | -90.7% | -54.7% |
| Market cap | – | $2.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGX | TRVI |
|---|---|---|
| 2022 | – | +146.8% |
| 2023 | – | -30.6% |
| 2024 | – | +207.5% |
| 2025 | -55.1% | +203.9% |
| 2026 | -25.3% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGX and TRVI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MGX and TRVI?
The MGX/TRVI correlation stands at 0.41 on a 3-year window (1 year: 0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TRVI a good diversifier for MGX?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined 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-trvi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mgx-vs-trvi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGX correlations · TRVI correlations
