NGNE vs VYGR: Correlation
Neurogene Inc. (NGNE) and Voyager Therapeutics, Inc. (VYGR) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGNE and VYGR?
Over the past 3 years, NGNE and VYGR moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 3154.1 %².
VYGR is one of the assets that tracks NGNE most closely: it ranks #1 out of the 15 assets we track against NGNE. Their recent paths diverged sharply: over the last 12 months NGNE outperformed by 91.0 percentage points (+92.2% for NGNE against +1.2% for VYGR). Risk is not evenly split, since NGNE carries 1.7 times the volatility of the other side.
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 VYGR: side by side
| NGNE (Neurogene Inc.) | VYGR (Voyager Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +92.2% | +1.2% |
| 5-year return | -76.7% | +7.5% |
| Volatility (ann.) | 102.1% | 60.2% |
| Beta vs S&P 500 | 2.68 | 1.35 |
| Max drawdown (3Y) | -89.7% | -74.8% |
| Market cap | $0.8B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NGNE | VYGR |
|---|---|---|
| 2022 | -89.4% | +125.1% |
| 2023 | +90.4% | +38.4% |
| 2024 | +18.0% | -32.8% |
| 2025 | -9.9% | -30.7% |
| 2026 | +83.8% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGNE and VYGR good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NGNE and VYGR?
The NGNE/VYGR correlation stands at 0.51 on a 3-year window (1 year: 0.53, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is VYGR a good diversifier for NGNE?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NGNE correlations · VYGR correlations
