SANA vs VMAR: Correlation
Sana Biotechnology, Inc. (SANA) and Vision Marine Technologies Inc. (VMAR) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SANA and VMAR?
On 3 years of weekly data the SANA/VMAR correlation comes out at 0.27, weak. Recent behaviour matches the longer record: 0.30 over 1 year against 0.27 over 3. The 5-year figure is 0.19, and annualized covariance runs at 3453.1 %².
Within SANA's tracked universe of 18 assets, VMAR comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SANA outperformed by 121.3 percentage points (+21.4% for SANA against -99.9% for VMAR).
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 VMAR: side by side
| SANA (Sana Biotechnology, Inc.) | VMAR (Vision Marine Technologies Inc.) | |
|---|---|---|
| 1-year return | +21.4% | -99.9% |
| 5-year return | -82.9% | -100.0% |
| Volatility (ann.) | 115.0% | 110.6% |
| Beta vs S&P 500 | 1.88 | 1.13 |
| Max drawdown (3Y) | -88.1% | -100.0% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SANA | VMAR |
|---|---|---|
| 2022 | -74.5% | -4.8% |
| 2023 | +3.3% | -76.4% |
| 2024 | -60.0% | -98.9% |
| 2025 | +149.7% | -98.7% |
| 2026 | +0.5% | -99.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SANA and VMAR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SANA and VMAR?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.30 over the last year and 0.19 over 5 years.
Is VMAR a good diversifier for SANA?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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-vmar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sana-vs-vmar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SANA correlations · VMAR correlations
