NAGE vs ZURA: Correlation
How closely do Niagen Bioscience, Inc. (NAGE) and Zura Bio Limited - Class A (ZURA) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAGE and ZURA?
Over the past 3 years, NAGE and ZURA moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1636.7 %².
Out of 12 assets tracked against NAGE, ZURA lands near the bottom at #9. The last year tells two different stories: ZURA led by 237.9 percentage points, -67.1% for NAGE against +170.8% for ZURA.
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.
NAGE vs ZURA: side by side
| NAGE (Niagen Bioscience, Inc.) | ZURA (Zura Bio Limited - Class A) | |
|---|---|---|
| 1-year return | -67.1% | +170.8% |
| 5-year return | -61.2% | n/a |
| Volatility (ann.) | 78.5% | 100.1% |
| Beta vs S&P 500 | 0.93 | 1.00 |
| Max drawdown (3Y) | -79.5% | -85.8% |
| Market cap | $0.3B | $0.6B |
| P/E (trailing) | 17.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NAGE | ZURA |
|---|---|---|
| 2022 | -55.1% | – |
| 2023 | -14.9% | – |
| 2024 | +271.3% | -46.5% |
| 2025 | +19.8% | +109.6% |
| 2026 | -49.5% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAGE and ZURA good diversifiers for each other?
Yes. With a correlation of -0.21, NAGE and ZURA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NAGE and ZURA?
The NAGE/ZURA correlation stands at -0.21 on a 3-year window (1 year: -0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ZURA a good diversifier for NAGE?
Yes. With a correlation of -0.21, NAGE and ZURA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/nage-vs-zura.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nage-vs-zura/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NAGE correlations · ZURA correlations
