ASND vs RXRX: Correlation
Ascendis Pharma A/S (ASND) and Recursion Pharmaceuticals, Inc. (RXRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASND and RXRX?
Over the past 3 years, ASND and RXRX moved with a correlation of 0.37, which is moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.37). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 1223.6 %².
Among the 11 assets we track against ASND, RXRX ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ASND ahead by 58.9 points (+29.2% versus -29.7%). Note the risk asymmetry: RXRX runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ASND vs RXRX: side by side
| ASND (Ascendis Pharma A/S) | RXRX (Recursion Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +29.2% | -29.7% |
| 5-year return | +61.6% | -86.0% |
| Volatility (ann.) | 40.2% | 82.2% |
| Beta vs S&P 500 | 0.69 | 3.07 |
| Max drawdown (3Y) | -29.2% | -81.7% |
| Market cap | $16.4B | $1.8B |
| P/E (trailing) | 19.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASND | RXRX |
|---|---|---|
| 2022 | -9.2% | -55.0% |
| 2023 | +3.1% | +27.9% |
| 2024 | +9.3% | -31.4% |
| 2025 | +54.9% | -39.5% |
| 2026 | +16.9% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASND and RXRX good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASND and RXRX?
The ASND/RXRX correlation stands at 0.37 on a 3-year window (1 year: 0.19, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is RXRX a good diversifier for ASND?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asnd-vs-rxrx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asnd-vs-rxrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASND correlations · RXRX correlations
