ACRS vs CRVS: Correlation
Aclaris Therapeutics, Inc. (ACRS) and Corvus Pharmaceuticals, Inc. (CRVS) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRS and CRVS?
Across a 3-year window, the weekly returns of ACRS and CRVS correlate at 0.45, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.81 versus 0.45 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 6871.5 %².
In ACRS's tracked universe of 14 assets, CRVS sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months ACRS outperformed by 70.9 percentage points (+238.5% for ACRS against +167.6% for CRVS).
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.
ACRS vs CRVS: side by side
| ACRS (Aclaris Therapeutics, Inc.) | CRVS (Corvus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +238.5% | +167.6% |
| 5-year return | -60.0% | +581.5% |
| Volatility (ann.) | 105.3% | 144.6% |
| Beta vs S&P 500 | 1.25 | 1.20 |
| Max drawdown (3Y) | -91.9% | -70.5% |
| Market cap | $0.9B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRS | CRVS |
|---|---|---|
| 2022 | +8.3% | -64.7% |
| 2023 | -93.3% | +107.1% |
| 2024 | +136.2% | +204.0% |
| 2025 | +21.4% | +43.9% |
| 2026 | +104.7% | +91.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRS and CRVS good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACRS and CRVS?
As of 2026-08-27, the correlation of weekly returns between ACRS and CRVS is 0.45 over 3 years, 0.81 over 1 year and 0.35 over 5 years.
Is CRVS a good diversifier for ACRS?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acrs-vs-crvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acrs-vs-crvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACRS correlations · CRVS correlations
