ARQ vs LENZ: Correlation
Measured on weekly returns over the past three years, Arq, Inc. (ARQ) and LENZ Therapeutics, Inc. (LENZ) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQ and LENZ?
Across a 3-year window, the weekly returns of ARQ and LENZ correlate at 0.41, moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.41). Stretching to 5 years gives 0.29, with an annualized covariance of 2521.6 %².
By 3-year correlation, LENZ places #6 of the 15 assets tracked against ARQ. Their recent paths diverged sharply: over the last 12 months ARQ outperformed by 16.0 percentage points (-71.1% for ARQ against -87.1% for LENZ).
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.
ARQ vs LENZ: side by side
| ARQ (Arq, Inc.) | LENZ (LENZ Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -71.1% | -87.1% |
| 5-year return | -67.7% | -92.9% |
| Volatility (ann.) | 78.9% | 78.6% |
| Beta vs S&P 500 | 1.85 | 1.26 |
| Max drawdown (3Y) | -79.6% | -90.6% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARQ | LENZ |
|---|---|---|
| 2022 | -63.3% | -73.3% |
| 2023 | +22.6% | -21.1% |
| 2024 | +154.0% | +230.7% |
| 2025 | -56.8% | -44.6% |
| 2026 | -32.7% | -69.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQ and LENZ good diversifiers for each other?
Reasonably. At 0.41, ARQ and LENZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARQ and LENZ?
As of 2026-08-27, the correlation of weekly returns between ARQ and LENZ is 0.41 over 3 years, 0.10 over 1 year and 0.29 over 5 years.
Is LENZ a good diversifier for ARQ?
Reasonably. At 0.41, ARQ and LENZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/arq-vs-lenz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arq-vs-lenz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARQ correlations · LENZ correlations
