BDSX vs CRVS: Correlation
Biodesix, Inc. (BDSX) and Corvus Pharmaceuticals, Inc. (CRVS) 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 BDSX and CRVS?
Across a 3-year window, the weekly returns of BDSX and CRVS correlate at 0.37, moderate. The past 12 months show a tighter link (0.51) than the 3-year average (0.37). Stretching to 5 years gives 0.21, with an annualized covariance of 5011.9 %².
By 3-year correlation, CRVS places #4 of the 11 assets tracked against BDSX. Correlation aside, the last 12 months split them widely, with BDSX ahead by 35.4 points (+203.0% versus +167.6%). Note the risk asymmetry: CRVS runs 1.6 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.
BDSX vs CRVS: side by side
| BDSX (Biodesix, Inc.) | CRVS (Corvus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +203.0% | +167.6% |
| 5-year return | -84.0% | +581.5% |
| Volatility (ann.) | 92.6% | 144.6% |
| Beta vs S&P 500 | 0.57 | 1.20 |
| Max drawdown (3Y) | -89.7% | -70.5% |
| Market cap | $0.3B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDSX | CRVS |
|---|---|---|
| 2022 | -56.5% | -64.7% |
| 2023 | -20.0% | +107.1% |
| 2024 | -16.8% | +204.0% |
| 2025 | -77.8% | +43.9% |
| 2026 | +318.8% | +91.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDSX and CRVS good diversifiers for each other?
Reasonably. At 0.37, BDSX and CRVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BDSX and CRVS?
The BDSX/CRVS correlation stands at 0.37 on a 3-year window (1 year: 0.51, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is CRVS a good diversifier for BDSX?
Reasonably. At 0.37, BDSX and CRVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/bdsx-vs-crvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdsx-vs-crvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BDSX correlations · CRVS correlations
