ACET vs FATE: Correlation
How closely do Adicet Bio, Inc. (ACET) and Fate Therapeutics, Inc. (FATE) 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 ACET and FATE?
On 3 years of weekly data the ACET/FATE correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 4458.8 %².
In ACET's tracked universe of 15 assets, FATE sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months FATE outperformed by 152.3 percentage points (-25.5% for ACET against +126.8% for FATE).
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.
ACET vs FATE: side by side
| ACET (Adicet Bio, Inc.) | FATE (Fate Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -25.5% | +126.8% |
| 5-year return | -93.0% | -96.5% |
| Volatility (ann.) | 80.6% | 110.8% |
| Beta vs S&P 500 | 1.88 | 2.88 |
| Max drawdown (3Y) | -88.9% | -91.9% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACET | FATE |
|---|---|---|
| 2022 | -48.9% | -82.8% |
| 2023 | -78.9% | -62.9% |
| 2024 | -49.1% | -55.9% |
| 2025 | -45.3% | -40.6% |
| 2026 | +7.0% | +159.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACET and FATE good diversifiers for each other?
Only partially. A correlation of 0.50 means ACET and FATE 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 ACET and FATE?
As of 2026-08-27, the correlation of weekly returns between ACET and FATE is 0.50 over 3 years, 0.46 over 1 year and 0.45 over 5 years.
Is FATE a good diversifier for ACET?
Only partially. A correlation of 0.50 means ACET and FATE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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/acet-vs-fate.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acet-vs-fate/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACET correlations · FATE correlations
