ALLO vs SLDB: Correlation
Measured on weekly returns over the past three years, Allogene Therapeutics, Inc. (ALLO) and Solid Biosciences Inc. (SLDB) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLO and SLDB?
Across a 3-year window, the weekly returns of ALLO and SLDB correlate at 0.51, moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.51). Stretching to 5 years gives 0.45, with an annualized covariance of 4383.0 %².
By 3-year correlation, SLDB places #7 of the 21 assets tracked against ALLO. Neither side won the trailing year by much: +80.2% against +80.2%.
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 SLDB: side by side
| ALLO (Allogene Therapeutics, Inc.) | SLDB (Solid Biosciences Inc.) | |
|---|---|---|
| 1-year return | +80.2% | +80.2% |
| 5-year return | -91.3% | -75.0% |
| Volatility (ann.) | 83.3% | 103.6% |
| Beta vs S&P 500 | 1.96 | 2.35 |
| Max drawdown (3Y) | -83.1% | -82.9% |
| Market cap | $0.7B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLO | SLDB |
|---|---|---|
| 2022 | -57.8% | -79.5% |
| 2023 | -49.0% | +14.1% |
| 2024 | -33.6% | -34.9% |
| 2025 | -35.7% | +41.0% |
| 2026 | +52.6% | +79.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLO and SLDB good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALLO and SLDB?
The ALLO/SLDB correlation stands at 0.51 on a 3-year window (1 year: 0.31, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is SLDB a good diversifier for ALLO?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 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.
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Related comparisons
Hubs: ALLO correlations · SLDB correlations
