SANA vs USIO: Correlation
Measured on weekly returns over the past three years, Sana Biotechnology, Inc. (SANA) and Usio, Inc. (USIO) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SANA and USIO?
On 3 years of weekly data the SANA/USIO correlation comes out at 0.53, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.53). The 5-year figure is 0.39, and annualized covariance runs at 3621.2 %².
Within SANA's tracked universe of 18 assets, USIO comes in at #5 by 3-year correlation. The last year tells two different stories: USIO led by 61.7 percentage points, +21.4% for SANA against +83.1% for USIO. Note the risk asymmetry: SANA runs 2.0 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.
SANA vs USIO: side by side
| SANA (Sana Biotechnology, Inc.) | USIO (Usio, Inc.) | |
|---|---|---|
| 1-year return | +21.4% | +83.1% |
| 5-year return | -82.9% | -54.6% |
| Volatility (ann.) | 115.0% | 58.9% |
| Beta vs S&P 500 | 1.88 | 0.35 |
| Max drawdown (3Y) | -88.1% | -59.5% |
| Market cap | $1.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SANA | USIO |
|---|---|---|
| 2022 | -74.5% | -62.2% |
| 2023 | +3.3% | +4.2% |
| 2024 | -60.0% | -15.1% |
| 2025 | +149.7% | -6.8% |
| 2026 | +0.5% | +99.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SANA and USIO good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SANA and USIO?
As of 2026-08-27, the correlation of weekly returns between SANA and USIO is 0.53 over 3 years, 0.23 over 1 year and 0.39 over 5 years.
Is USIO a good diversifier for SANA?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/sana-vs-usio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sana-vs-usio/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SANA correlations · USIO correlations
