MRNA vs ZSTK: Correlation
Measured on weekly returns over the past three years, Moderna (MRNA) and ZeroStack Corp. (ZSTK) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRNA and ZSTK?
On 3 years of weekly data the MRNA/ZSTK correlation comes out at 0.52, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.52). The 5-year figure is 0.37, and annualized covariance runs at 8011.2 %².
By 3-year correlation, ZSTK places #5 of the 38 assets tracked against MRNA. Their recent paths diverged sharply: over the last 12 months MRNA outperformed by 542.2 percentage points (+468.8% for MRNA against -73.4% for ZSTK). Note the risk asymmetry: ZSTK runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 ZSTK: side by side
| MRNA (Moderna) | ZSTK (ZeroStack Corp.) | |
|---|---|---|
| 1-year return | +468.8% | -73.4% |
| 5-year return | -61.5% | -99.9% |
| Volatility (ann.) | 100.7% | 153.8% |
| Beta vs S&P 500 | 0.98 | 2.10 |
| Max drawdown (3Y) | -86.6% | -99.1% |
| Market cap | $57.0B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | MRNA | ZSTK |
|---|---|---|
| 2022 | -29.3% | -87.2% |
| 2023 | -44.6% | -70.4% |
| 2024 | -58.2% | -23.7% |
| 2025 | -29.1% | -84.4% |
| 2026 | +384.1% | -6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRNA and ZSTK good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MRNA and ZSTK?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.67 over the last year and 0.37 over 5 years.
Is ZSTK a good diversifier for MRNA?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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-zstk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mrna-vs-zstk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MRNA correlations · ZSTK correlations
