PASG vs UAVS: Correlation
Measured on weekly returns over the past three years, Passage Bio, Inc. (PASG) and AgEagle Aerial Systems, Inc. (UAVS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PASG and UAVS?
Over the past 3 years, PASG and UAVS moved with a correlation of 0.48, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 9004.5 %².
Among the 14 assets we track against PASG, UAVS ranks #6 by 3-year correlation. Their 12-month results are close: -38.5% for PASG against -42.3% for UAVS.
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.
PASG vs UAVS: side by side
| PASG (Passage Bio, Inc.) | UAVS (AgEagle Aerial Systems, Inc.) | |
|---|---|---|
| 1-year return | -38.5% | -42.3% |
| 5-year return | -98.1% | -100.0% |
| Volatility (ann.) | 128.4% | 145.0% |
| Beta vs S&P 500 | 2.11 | 2.34 |
| Max drawdown (3Y) | -88.2% | -99.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PASG | UAVS |
|---|---|---|
| 2022 | -78.3% | -77.7% |
| 2023 | -26.8% | -71.4% |
| 2024 | -43.9% | -96.5% |
| 2025 | +4.1% | -76.7% |
| 2026 | -63.3% | +38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PASG and UAVS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PASG and UAVS?
The PASG/UAVS correlation stands at 0.48 on a 3-year window (1 year: 0.38, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is UAVS a good diversifier for PASG?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/pasg-vs-uavs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pasg-vs-uavs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PASG correlations · UAVS correlations
