ABSI vs SDGR: Correlation
Measured on weekly returns over the past three years, Absci Corporation (ABSI) and Schrodinger, Inc. (SDGR) 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 ABSI and SDGR?
On 3 years of weekly data the ABSI/SDGR correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 2936.0 %².
SDGR is one of the assets that tracks ABSI most closely: it ranks #3 out of the 12 assets we track against ABSI. Their recent paths diverged sharply: over the last 12 months ABSI outperformed by 266.3 percentage points (+269.4% for ABSI against +3.1% for SDGR). Risk is not evenly split, since ABSI carries 1.7 times the volatility of the other side.
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.
ABSI vs SDGR: side by side
| ABSI (Absci Corporation) | SDGR (Schrodinger, Inc.) | |
|---|---|---|
| 1-year return | +269.4% | +3.1% |
| 5-year return | -48.3% | -65.2% |
| Volatility (ann.) | 95.4% | 57.7% |
| Beta vs S&P 500 | 2.32 | 1.91 |
| Max drawdown (3Y) | -66.1% | -70.2% |
| Market cap | $1.6B | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABSI | SDGR |
|---|---|---|
| 2022 | -74.4% | -46.3% |
| 2023 | +100.0% | +91.5% |
| 2024 | -37.6% | -46.1% |
| 2025 | +33.2% | -7.3% |
| 2026 | +169.9% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABSI and SDGR good diversifiers for each other?
Only partially. A correlation of 0.53 means ABSI and SDGR 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 ABSI and SDGR?
As of 2026-08-27, the correlation of weekly returns between ABSI and SDGR is 0.53 over 3 years, 0.47 over 1 year and 0.48 over 5 years.
Is SDGR a good diversifier for ABSI?
Only partially. A correlation of 0.53 means ABSI and SDGR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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.
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Related comparisons
Hubs: ABSI correlations · SDGR correlations
