ALLO vs FATE: Correlation
Measured on weekly returns over the past three years, Allogene Therapeutics, Inc. (ALLO) and Fate Therapeutics, Inc. (FATE) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLO and FATE?
On 3 years of weekly data the ALLO/FATE correlation comes out at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.55 over 3 years. The 5-year figure is 0.50, and annualized covariance runs at 5086.9 %².
In ALLO's tracked universe of 21 assets, FATE sits right near the top at #2. The last year tells two different stories: FATE led by 46.6 percentage points, +80.2% for ALLO 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.
ALLO vs FATE: side by side
| ALLO (Allogene Therapeutics, Inc.) | FATE (Fate Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +80.2% | +126.8% |
| 5-year return | -91.3% | -96.5% |
| Volatility (ann.) | 83.3% | 110.8% |
| Beta vs S&P 500 | 1.96 | 2.88 |
| Max drawdown (3Y) | -83.1% | -91.9% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLO | FATE |
|---|---|---|
| 2022 | -57.8% | -82.8% |
| 2023 | -49.0% | -62.9% |
| 2024 | -33.6% | -55.9% |
| 2025 | -35.7% | -40.6% |
| 2026 | +52.6% | +159.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLO and FATE good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALLO and FATE?
As of 2026-08-27, the correlation of weekly returns between ALLO and FATE is 0.55 over 3 years, 0.25 over 1 year and 0.50 over 5 years.
Is FATE a good diversifier for ALLO?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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/allo-vs-fate.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/allo-vs-fate/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLO correlations · FATE correlations
