MLSS vs VYGR: Correlation
Milestone Scientific, Inc. (MLSS) and Voyager Therapeutics, Inc. (VYGR) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLSS and VYGR?
On 3 years of weekly data the MLSS/VYGR correlation comes out at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.34 over 3 years. The 5-year figure is 0.26, and annualized covariance runs at 1727.2 %².
By 3-year correlation, VYGR places #5 of the 10 assets tracked against MLSS. The last year tells two different stories: VYGR led by 17.0 percentage points, -15.8% for MLSS against +1.2% for VYGR.
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.
MLSS vs VYGR: side by side
| MLSS (Milestone Scientific, Inc.) | VYGR (Voyager Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -15.8% | +1.2% |
| 5-year return | -72.6% | +7.5% |
| Volatility (ann.) | 84.1% | 60.2% |
| Beta vs S&P 500 | 0.81 | 1.35 |
| Max drawdown (3Y) | -81.2% | -74.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLSS | VYGR |
|---|---|---|
| 2022 | -76.7% | +125.1% |
| 2023 | +43.8% | +38.4% |
| 2024 | +39.1% | -32.8% |
| 2025 | -71.9% | -30.7% |
| 2026 | +87.0% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLSS and VYGR good diversifiers for each other?
Reasonably. At 0.34, MLSS and VYGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MLSS and VYGR?
As of 2026-08-27, the correlation of weekly returns between MLSS and VYGR is 0.34 over 3 years, 0.23 over 1 year and 0.26 over 5 years.
Is VYGR a good diversifier for MLSS?
Reasonably. At 0.34, MLSS and VYGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MLSS correlations · VYGR correlations
