ARKK vs CRSP: Correlation
How closely do ARK Innovation ETF (ARKK) and CRISPR Therapeutics AG (CRSP) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and CRSP?
Across a 3-year window, the weekly returns of ARKK and CRSP correlate at 0.69, strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 1567.6 %².
Within ARKK's tracked universe of 122 assets, CRSP comes in at #19 by 3-year correlation. Their 12-month results are close: +15.7% for ARKK against +10.9% for CRSP. Risk is not evenly split, since CRSP carries 1.5 times the volatility of the other side.
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.
ARKK vs CRSP: side by side
| ARKK (ARK Innovation ETF) | CRSP (CRISPR Therapeutics AG) | |
|---|---|---|
| 1-year return | +15.7% | +10.9% |
| 5-year return | -27.7% | -50.8% |
| Volatility (ann.) | 38.8% | 58.5% |
| Beta vs S&P 500 | 2.07 | 2.10 |
| Max drawdown (3Y) | -39.6% | -64.9% |
| Market cap | – | $5.7B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | CRSP |
|---|---|---|
| 2022 | -67.0% | -46.4% |
| 2023 | +69.0% | +54.0% |
| 2024 | +8.4% | -37.1% |
| 2025 | +35.5% | +33.2% |
| 2026 | +13.6% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and CRSP good diversifiers for each other?
To a limited degree. At 0.69 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 ARKK and CRSP?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.77 over the last year and 0.63 over 5 years.
Is CRSP a good diversifier for ARKK?
To a limited degree. At 0.69 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 0.69 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/arkk-vs-crsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-crsp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · CRSP correlations
