ACRS vs IAUX: Correlation
How closely do Aclaris Therapeutics, Inc. (ACRS) and i-80 Gold Corp. (IAUX) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRS and IAUX?
Across a 3-year window, the weekly returns of ACRS and IAUX correlate at 0.38, moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.38). Stretching to 5 years gives 0.37, with an annualized covariance of 3673.6 %².
By 3-year correlation, IAUX places #5 of the 14 assets tracked against ACRS. Correlation aside, the last 12 months split them widely, with ACRS ahead by 86.2 points (+238.5% versus +152.3%).
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 IAUX: side by side
| ACRS (Aclaris Therapeutics, Inc.) | IAUX (i-80 Gold Corp.) | |
|---|---|---|
| 1-year return | +238.5% | +152.3% |
| 5-year return | -60.0% | -7.4% |
| Volatility (ann.) | 105.3% | 91.2% |
| Beta vs S&P 500 | 1.25 | 1.99 |
| Max drawdown (3Y) | -91.9% | -82.6% |
| Market cap | $0.9B | $1.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRS | IAUX |
|---|---|---|
| 2022 | +8.3% | +15.0% |
| 2023 | -93.3% | -37.6% |
| 2024 | +136.2% | -72.4% |
| 2025 | +21.4% | +201.0% |
| 2026 | +104.7% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRS and IAUX good diversifiers for each other?
Reasonably. At 0.38, ACRS and IAUX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACRS and IAUX?
The ACRS/IAUX correlation stands at 0.38 on a 3-year window (1 year: 0.26, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is IAUX a good diversifier for ACRS?
Reasonably. At 0.38, ACRS and IAUX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ACRS correlations · IAUX correlations
