ANRO vs PRLD: Correlation
How closely do Alto Neuroscience, Inc. (ANRO) and Prelude Therapeutics Incorporated (PRLD) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANRO and PRLD?
On 3 years of weekly data the ANRO/PRLD correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 4449.3 %².
Among the 16 assets we track against ANRO, PRLD ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ANRO ahead by 385.8 points (+781.1% versus +395.3%).
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.
ANRO vs PRLD: side by side
| ANRO (Alto Neuroscience, Inc.) | PRLD (Prelude Therapeutics Incorporated) | |
|---|---|---|
| 1-year return | +781.1% | +395.3% |
| 5-year return | n/a | -82.8% |
| Volatility (ann.) | 113.2% | 109.9% |
| Beta vs S&P 500 | 1.90 | 1.35 |
| Max drawdown (3Y) | -91.7% | -90.4% |
| Market cap | $1.4B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANRO | PRLD |
|---|---|---|
| 2022 | – | -51.5% |
| 2023 | – | -29.3% |
| 2024 | – | -70.1% |
| 2025 | +320.8% | +127.5% |
| 2026 | +103.9% | +118.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANRO and PRLD good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANRO and PRLD?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.35 over the last year and n/a over 5 years.
Is PRLD a good diversifier for ANRO?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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/anro-vs-prld.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anro-vs-prld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANRO correlations · PRLD correlations
