MLYS vs UUU: Correlation
How closely do Mineralys Therapeutics, Inc. (MLYS) and Universal Safety Products, Inc. (UUU) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLYS and UUU?
On 3 years of weekly data the MLYS/UUU correlation comes out at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.46 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 5430.9 %².
Among the 14 assets we track against MLYS, UUU ranks #6 by 3-year correlation. On 12-month performance UUU holds a 13.1-point edge, +71.0% against +84.1%.
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.
MLYS vs UUU: side by side
| MLYS (Mineralys Therapeutics, Inc.) | UUU (Universal Safety Products, Inc.) | |
|---|---|---|
| 1-year return | +71.0% | +84.1% |
| 5-year return | n/a | +5.9% |
| Volatility (ann.) | 95.4% | 122.8% |
| Beta vs S&P 500 | 1.54 | -0.54 |
| Max drawdown (3Y) | -54.0% | -77.3% |
| Market cap | $2.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLYS | UUU |
|---|---|---|
| 2022 | – | -40.3% |
| 2023 | – | -18.2% |
| 2024 | +43.1% | +42.8% |
| 2025 | +194.8% | +158.6% |
| 2026 | -28.3% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLYS and UUU good diversifiers for each other?
Reasonably. At 0.46, MLYS and UUU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MLYS and UUU?
The MLYS/UUU correlation stands at 0.46 on a 3-year window (1 year: 0.72, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UUU a good diversifier for MLYS?
Reasonably. At 0.46, MLYS and UUU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mlys-vs-uuu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mlys-vs-uuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MLYS correlations · UUU correlations
