MLGO vs TECX: Correlation
Measured on weekly returns over the past three years, MicroAlgo, Inc. (MLGO) and Tectonic Therapeutic, Inc. (TECX) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLGO and TECX?
Over the past 3 years, MLGO and TECX moved with a correlation of 0.36, which is moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.36). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 111835.9 %².
Among the 33 assets we track against MLGO, TECX ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TECX outperformed by 91.1 percentage points (-52.9% for MLGO against +38.2% for TECX).
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.
MLGO vs TECX: side by side
| MLGO (MicroAlgo, Inc.) | TECX (Tectonic Therapeutic, Inc.) | |
|---|---|---|
| 1-year return | -52.9% | +38.2% |
| 5-year return | -100.0% | -52.9% |
| Volatility (ann.) | 489.7% | 628.0% |
| Beta vs S&P 500 | -2.77 | 0.20 |
| Max drawdown (3Y) | -100.0% | -92.8% |
| Market cap | – | $0.7B |
| P/E (trailing) | 1.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLGO | TECX |
|---|---|---|
| 2022 | -87.6% | -81.6% |
| 2023 | -27.0% | +91.5% |
| 2024 | -97.9% | +182.9% |
| 2025 | -96.1% | -54.8% |
| 2026 | -6.3% | +75.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLGO and TECX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MLGO and TECX?
As of 2026-08-27, the correlation of weekly returns between MLGO and TECX is 0.36 over 3 years, 0.05 over 1 year and 0.36 over 5 years.
Is TECX a good diversifier for MLGO?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mlgo-vs-tecx/)
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Related comparisons
Hubs: MLGO correlations · TECX correlations
