NGNE vs RNAC: Correlation
Measured on weekly returns over the past three years, Neurogene Inc. (NGNE) and Cartesian Therapeutics, Inc. (RNAC) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGNE and RNAC?
Over the past 3 years, NGNE and RNAC moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 4139.5 %².
Among the 15 assets we track against NGNE, RNAC ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NGNE outperformed by 98.4 percentage points (+92.2% for NGNE against -6.2% for RNAC).
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.
NGNE vs RNAC: side by side
| NGNE (Neurogene Inc.) | RNAC (Cartesian Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +92.2% | -6.2% |
| 5-year return | -76.7% | -92.3% |
| Volatility (ann.) | 102.1% | 108.2% |
| Beta vs S&P 500 | 2.68 | 2.21 |
| Max drawdown (3Y) | -89.7% | -85.6% |
| Market cap | $0.8B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NGNE | RNAC |
|---|---|---|
| 2022 | -89.4% | -65.3% |
| 2023 | +90.4% | -39.0% |
| 2024 | +18.0% | -13.4% |
| 2025 | -9.9% | -59.7% |
| 2026 | +83.8% | +38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGNE and RNAC 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 NGNE and RNAC?
As of 2026-08-27, the correlation of weekly returns between NGNE and RNAC is 0.37 over 3 years, 0.35 over 1 year and 0.38 over 5 years.
Is RNAC a good diversifier for NGNE?
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?
On the −1 to +1 scale, 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ngne-vs-rnac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ngne-vs-rnac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NGNE correlations · RNAC correlations
