ABCL vs RXRX: Correlation
How closely do AbCellera Biologics Inc. (ABCL) and Recursion Pharmaceuticals, Inc. (RXRX) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCL and RXRX?
Across a 3-year window, the weekly returns of ABCL and RXRX correlate at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 3314.4 %².
In ABCL's tracked universe of 17 assets, RXRX sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months ABCL outperformed by 214.8 percentage points (+185.1% for ABCL against -29.7% for RXRX).
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.
ABCL vs RXRX: side by side
| ABCL (AbCellera Biologics Inc.) | RXRX (Recursion Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +185.1% | -29.7% |
| 5-year return | -28.5% | -86.0% |
| Volatility (ann.) | 80.2% | 82.2% |
| Beta vs S&P 500 | 1.75 | 3.07 |
| Max drawdown (3Y) | -67.7% | -81.7% |
| Market cap | $4.0B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCL | RXRX |
|---|---|---|
| 2022 | -29.2% | -55.0% |
| 2023 | -43.6% | +27.9% |
| 2024 | -48.7% | -31.4% |
| 2025 | +16.7% | -39.5% |
| 2026 | +262.6% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCL and RXRX good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABCL and RXRX?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.55 over the last year and 0.50 over 5 years.
Is RXRX a good diversifier for ABCL?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/abcl-vs-rxrx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abcl-vs-rxrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCL correlations · RXRX correlations
