AXG vs CRBP: Correlation
How closely do Solowin Holdings - Class A (AXG) and Corbus Pharmaceuticals Holdings, Inc. (CRBP) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXG and CRBP?
Across a 3-year window, the weekly returns of AXG and CRBP correlate at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.37). Stretching to 5 years gives n/a, with an annualized covariance of 12596.9 %².
Few assets follow AXG as closely as CRBP, which ranks #1 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with CRBP ahead by 48.9 points (-42.6% versus +6.3%).
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.
AXG vs CRBP: side by side
| AXG (Solowin Holdings - Class A) | CRBP (Corbus Pharmaceuticals Holdings, Inc.) | |
|---|---|---|
| 1-year return | -42.6% | +6.3% |
| 5-year return | n/a | -68.8% |
| Volatility (ann.) | 162.4% | 207.1% |
| Beta vs S&P 500 | 0.61 | 1.79 |
| Max drawdown (3Y) | -97.5% | -92.0% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXG | CRBP |
|---|---|---|
| 2022 | – | -82.0% |
| 2023 | – | +81.4% |
| 2024 | -44.8% | +95.4% |
| 2025 | +149.1% | -31.0% |
| 2026 | -45.3% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXG and CRBP good diversifiers for each other?
Reasonably. At 0.37, AXG and CRBP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AXG and CRBP?
As of 2026-08-27, the correlation of weekly returns between AXG and CRBP is 0.37 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is CRBP a good diversifier for AXG?
Reasonably. At 0.37, AXG and CRBP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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/axg-vs-crbp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axg-vs-crbp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXG correlations · CRBP correlations
