MLYS vs VYGR: Correlation
Measured on weekly returns over the past three years, Mineralys Therapeutics, Inc. (MLYS) and Voyager Therapeutics, Inc. (VYGR) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLYS and VYGR?
Over the past 3 years, MLYS and VYGR moved with a correlation of 0.47, which is moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.47). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2674.9 %².
By 3-year correlation, VYGR places #4 of the 14 assets tracked against MLYS. Correlation aside, the last 12 months split them widely, with MLYS ahead by 69.8 points (+71.0% versus +1.2%). One caveat on sizing: MLYS is 1.6 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.
MLYS vs VYGR: side by side
| MLYS (Mineralys Therapeutics, Inc.) | VYGR (Voyager Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +71.0% | +1.2% |
| 5-year return | n/a | +7.5% |
| Volatility (ann.) | 95.4% | 60.2% |
| Beta vs S&P 500 | 1.54 | 1.35 |
| Max drawdown (3Y) | -54.0% | -74.8% |
| Market cap | $2.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLYS | VYGR |
|---|---|---|
| 2022 | – | +125.1% |
| 2023 | – | +38.4% |
| 2024 | +43.1% | -32.8% |
| 2025 | +194.8% | -30.7% |
| 2026 | -28.3% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLYS and VYGR good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MLYS and VYGR?
The MLYS/VYGR correlation stands at 0.47 on a 3-year window (1 year: 0.61, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VYGR a good diversifier for MLYS?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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Related comparisons
Hubs: MLYS correlations · VYGR correlations
