ACRS vs GYRE: Correlation
How closely do Aclaris Therapeutics, Inc. (ACRS) and Gyre Therapeutics, Inc. (GYRE) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRS and GYRE?
Over the past 3 years, ACRS and GYRE moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.15) runs above the 3-year figure (-0.21). Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -2046.0 %².
Among the 14 assets we track against ACRS, GYRE sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months ACRS outperformed by 256.1 percentage points (+238.5% for ACRS against -17.6% for GYRE).
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 GYRE: side by side
| ACRS (Aclaris Therapeutics, Inc.) | GYRE (Gyre Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +238.5% | -17.6% |
| 5-year return | -60.0% | -38.8% |
| Volatility (ann.) | 105.3% | 93.7% |
| Beta vs S&P 500 | 1.25 | 1.58 |
| Max drawdown (3Y) | -91.9% | -81.3% |
| Market cap | $0.9B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRS | GYRE |
|---|---|---|
| 2022 | +8.3% | +121.5% |
| 2023 | -93.3% | +422.0% |
| 2024 | +136.2% | -52.9% |
| 2025 | +21.4% | -41.7% |
| 2026 | +104.7% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRS and GYRE good diversifiers for each other?
Yes. With a correlation of -0.21, ACRS and GYRE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACRS and GYRE?
The ACRS/GYRE correlation stands at -0.21 on a 3-year window (1 year: 0.15, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is GYRE a good diversifier for ACRS?
Yes. With a correlation of -0.21, ACRS and GYRE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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: ACRS correlations · GYRE correlations
