ABVC vs EDIT: Correlation
Measured on weekly returns over the past three years, ABVC BioPharma, Inc. (ABVC) and Editas Medicine, Inc. (EDIT) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABVC and EDIT?
On 3 years of weekly data the ABVC/EDIT correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 3038.5 %².
In ABVC's tracked universe of 10 assets, EDIT sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months EDIT outperformed by 96.9 percentage points (-73.3% for ABVC against +23.6% for EDIT).
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.
ABVC vs EDIT: side by side
| ABVC (ABVC BioPharma, Inc.) | EDIT (Editas Medicine, Inc.) | |
|---|---|---|
| 1-year return | -73.3% | +23.6% |
| 5-year return | -97.5% | -94.7% |
| Volatility (ann.) | 106.7% | 86.8% |
| Beta vs S&P 500 | 1.35 | 2.56 |
| Max drawdown (3Y) | -85.0% | -91.2% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABVC | EDIT |
|---|---|---|
| 2022 | -81.6% | -66.6% |
| 2023 | -81.4% | +14.2% |
| 2024 | -49.1% | -87.5% |
| 2025 | +261.0% | +61.4% |
| 2026 | -62.6% | +61.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABVC and EDIT good diversifiers for each other?
Reasonably. At 0.33, ABVC and EDIT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABVC and EDIT?
As of 2026-08-27, the correlation of weekly returns between ABVC and EDIT is 0.33 over 3 years, 0.39 over 1 year and 0.27 over 5 years.
Is EDIT a good diversifier for ABVC?
Reasonably. At 0.33, ABVC and EDIT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abvc-vs-edit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abvc-vs-edit/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABVC correlations · EDIT correlations
