BDTX vs CRBU: Correlation
Measured on weekly returns over the past three years, Black Diamond Therapeutics, Inc. (BDTX) and Caribou Biosciences, Inc. (CRBU) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDTX and CRBU?
On 3 years of weekly data the BDTX/CRBU correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 3302.6 %².
In BDTX's tracked universe of 11 assets, CRBU sits right near the top at #1. Their 12-month results are close: -20.9% for BDTX against -16.2% for CRBU.
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.
BDTX vs CRBU: side by side
| BDTX (Black Diamond Therapeutics, Inc.) | CRBU (Caribou Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -20.9% | -16.2% |
| 5-year return | -77.0% | -93.2% |
| Volatility (ann.) | 83.4% | 80.5% |
| Beta vs S&P 500 | 2.26 | 2.52 |
| Max drawdown (3Y) | -83.1% | -91.1% |
| 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 | BDTX | CRBU |
|---|---|---|
| 2022 | -66.2% | -58.4% |
| 2023 | +56.1% | -8.8% |
| 2024 | -23.8% | -72.3% |
| 2025 | +13.6% | +0.0% |
| 2026 | -6.6% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDTX and CRBU good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BDTX and CRBU?
The BDTX/CRBU correlation stands at 0.49 on a 3-year window (1 year: 0.47, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is CRBU a good diversifier for BDTX?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BDTX correlations · CRBU correlations
