PASG vs UMAC: Correlation
Passage Bio, Inc. (PASG) and Unusual Machines, Inc. (UMAC) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PASG and UMAC?
Across a 3-year window, the weekly returns of PASG and UMAC correlate at 0.54, moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.54). Stretching to 5 years gives n/a, with an annualized covariance of 18229.6 %².
By 3-year correlation, UMAC places #5 of the 14 assets tracked against PASG. Correlation aside, the last 12 months split them widely, with UMAC ahead by 195.6 points (-38.5% versus +157.1%). Note the risk asymmetry: UMAC runs 1.9 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.
PASG vs UMAC: side by side
| PASG (Passage Bio, Inc.) | UMAC (Unusual Machines, Inc.) | |
|---|---|---|
| 1-year return | -38.5% | +157.1% |
| 5-year return | -98.1% | n/a |
| Volatility (ann.) | 128.4% | 248.9% |
| Beta vs S&P 500 | 2.11 | 3.43 |
| Max drawdown (3Y) | -88.2% | -75.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PASG | UMAC |
|---|---|---|
| 2022 | -78.3% | – |
| 2023 | -26.8% | – |
| 2024 | -43.9% | – |
| 2025 | +4.1% | -24.3% |
| 2026 | -63.3% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PASG and UMAC good diversifiers for each other?
Only partially. A correlation of 0.54 means PASG and UMAC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PASG and UMAC?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.14 over the last year and n/a over 5 years.
Is UMAC a good diversifier for PASG?
Only partially. A correlation of 0.54 means PASG and UMAC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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-umac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pasg-vs-umac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PASG correlations · UMAC correlations
