AUNA vs CBIO: Correlation
Measured on weekly returns over the past three years, Auna SA Class A (AUNA) and Crescent Biopharma, Inc. (CBIO) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUNA and CBIO?
Across a 3-year window, the weekly returns of AUNA and CBIO correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.11) runs above the 3-year figure (-0.22). Stretching to 5 years gives n/a, with an annualized covariance of -1442.4 %².
Among the 16 assets we track against AUNA, CBIO sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months CBIO outperformed by 43.4 percentage points (-18.8% for AUNA against +24.6% for CBIO). One caveat on sizing: CBIO is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AUNA vs CBIO: side by side
| AUNA (Auna SA Class A) | CBIO (Crescent Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -18.8% | +24.6% |
| 5-year return | n/a | -107.8% |
| Volatility (ann.) | 53.1% | 117.9% |
| Beta vs S&P 500 | 0.73 | 1.30 |
| Max drawdown (3Y) | -61.1% | -97.4% |
| Market cap | $0.4B | $0.7B |
| P/E (trailing) | 85.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUNA | CBIO |
|---|---|---|
| 2022 | – | -275.3% |
| 2023 | – | -15.0% |
| 2024 | – | -89.4% |
| 2025 | -28.3% | -52.6% |
| 2026 | +3.9% | +49.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUNA and CBIO good diversifiers for each other?
Yes. With a correlation of -0.22, AUNA and CBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUNA and CBIO?
The AUNA/CBIO correlation stands at -0.22 on a 3-year window (1 year: -0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CBIO a good diversifier for AUNA?
Yes. With a correlation of -0.22, AUNA and CBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: AUNA correlations · CBIO correlations
