RNAC vs SGMT: Correlation
Cartesian Therapeutics, Inc. (RNAC) and Sagimet Biosciences Inc. - Series A (SGMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RNAC and SGMT?
On 3 years of weekly data the RNAC/SGMT correlation comes out at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.37). The 5-year figure is n/a, and annualized covariance runs at 5094.5 %².
Among the 10 assets we track against RNAC, SGMT ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SGMT outperformed by 44.4 percentage points (-6.2% for RNAC against +38.2% for SGMT).
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.
RNAC vs SGMT: side by side
| RNAC (Cartesian Therapeutics, Inc.) | SGMT (Sagimet Biosciences Inc. - Series A) | |
|---|---|---|
| 1-year return | -6.2% | +38.2% |
| 5-year return | -92.3% | n/a |
| Volatility (ann.) | 108.2% | 126.2% |
| Beta vs S&P 500 | 2.21 | 3.24 |
| Max drawdown (3Y) | -85.6% | -89.7% |
| Market cap | $0.3B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RNAC | SGMT |
|---|---|---|
| 2022 | -65.3% | – |
| 2023 | -39.0% | – |
| 2024 | -13.4% | -17.0% |
| 2025 | -59.7% | +31.6% |
| 2026 | +38.3% | +81.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RNAC and SGMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RNAC and SGMT?
As of 2026-08-27, the correlation of weekly returns between RNAC and SGMT is 0.37 over 3 years, 0.19 over 1 year and n/a over 5 years.
Is SGMT a good diversifier for RNAC?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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/rnac-vs-sgmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rnac-vs-sgmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RNAC correlations · SGMT correlations
