ADAG vs CRBP: Correlation
How closely do Adagene Inc. (ADAG) and Corbus Pharmaceuticals Holdings, Inc. (CRBP) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAG and CRBP?
Across a 3-year window, the weekly returns of ADAG and CRBP correlate at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.30 over 3 years. Stretching to 5 years gives 0.28, with an annualized covariance of 5875.6 %².
CRBP is one of the assets that tracks ADAG most closely: it ranks #2 out of the 15 assets we track against ADAG. Their recent paths diverged sharply: over the last 12 months ADAG outperformed by 71.8 percentage points (+78.1% for ADAG against +6.3% for CRBP). Note the risk asymmetry: CRBP runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ADAG vs CRBP: side by side
| ADAG (Adagene Inc.) | CRBP (Corbus Pharmaceuticals Holdings, Inc.) | |
|---|---|---|
| 1-year return | +78.1% | +6.3% |
| 5-year return | -76.8% | -68.8% |
| Volatility (ann.) | 93.1% | 207.1% |
| Beta vs S&P 500 | 0.48 | 1.79 |
| Max drawdown (3Y) | -66.5% | -92.0% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADAG | CRBP |
|---|---|---|
| 2022 | -83.6% | -82.0% |
| 2023 | +45.7% | +81.4% |
| 2024 | +3.1% | +95.4% |
| 2025 | -5.0% | -31.0% |
| 2026 | +106.3% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAG and CRBP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADAG and CRBP?
As of 2026-08-27, the correlation of weekly returns between ADAG and CRBP is 0.30 over 3 years, 0.14 over 1 year and 0.28 over 5 years.
Is CRBP a good diversifier for ADAG?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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/adag-vs-crbp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adag-vs-crbp/)
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Related comparisons
Hubs: ADAG correlations · CRBP correlations
