MRNA vs SLE: Correlation
Moderna (MRNA) and Super League Enterprise, Inc. (SLE) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRNA and SLE?
On 3 years of weekly data the MRNA/SLE correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 4741.8 %².
Within MRNA's tracked universe of 38 assets, SLE comes in at #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MRNA outperformed by 559.7 percentage points (+468.8% for MRNA against -90.9% for SLE).
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.
MRNA vs SLE: side by side
| MRNA (Moderna) | SLE (Super League Enterprise, Inc.) | |
|---|---|---|
| 1-year return | +468.8% | -90.9% |
| 5-year return | -61.5% | -100.0% |
| Volatility (ann.) | 100.7% | 126.8% |
| Beta vs S&P 500 | 0.98 | 1.87 |
| Max drawdown (3Y) | -86.6% | -99.9% |
| Market cap | $57.0B | $0.2B |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | MRNA | SLE |
|---|---|---|
| 2022 | -29.3% | -85.8% |
| 2023 | -44.6% | -77.4% |
| 2024 | -58.2% | -59.3% |
| 2025 | -29.1% | -97.5% |
| 2026 | +384.1% | -48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRNA and SLE good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MRNA and SLE?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.47 over the last year and 0.24 over 5 years.
Is SLE a good diversifier for MRNA?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/mrna-vs-sle.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrna-vs-sle/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MRNA correlations · SLE correlations
