MLTX vs PFE: Correlation
Measured on weekly returns over the past three years, MoonLake Immunotherapeutics - Class A (MLTX) and Pfizer (PFE) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLTX and PFE?
Over the past 3 years, MLTX and PFE moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.51) runs below the 3-year figure (-0.17). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -326.8 %².
Out of 13 assets tracked against MLTX, PFE lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months PFE outperformed by 91.6 percentage points (-72.0% for MLTX against +19.6% for PFE). One caveat on sizing: MLTX is 3.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MLTX vs PFE: side by side
| MLTX (MoonLake Immunotherapeutics - Class A) | PFE (Pfizer) | |
|---|---|---|
| 1-year return | -72.0% | +19.6% |
| 5-year return | +57.2% | -21.9% |
| Volatility (ann.) | 80.7% | 23.8% |
| Beta vs S&P 500 | 0.83 | 0.40 |
| Max drawdown (3Y) | -90.2% | -34.8% |
| Market cap | $1.3B | $159.7B |
| P/E (trailing) | – | 37.4 |
| Dividend yield | 0.00% | 6.08% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MLTX | PFE |
|---|---|---|
| 2022 | +6.2% | -10.4% |
| 2023 | +475.1% | -41.3% |
| 2024 | -10.3% | -2.2% |
| 2025 | -75.7% | +0.6% |
| 2026 | +17.8% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLTX and PFE good diversifiers for each other?
Yes. With a correlation of -0.17, MLTX and PFE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MLTX and PFE?
As of 2026-08-27, the correlation of weekly returns between MLTX and PFE is -0.17 over 3 years, -0.51 over 1 year and -0.11 over 5 years.
Is PFE a good diversifier for MLTX?
Yes. With a correlation of -0.17, MLTX and PFE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
A reading of -0.17 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/mltx-vs-pfe.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: MLTX correlations · PFE correlations
