BEAM vs CRSP: Correlation
How closely do Beam Therapeutics Inc. (BEAM) and CRISPR Therapeutics AG (CRSP) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAM and CRSP?
Over the past 3 years, BEAM and CRSP moved with a correlation of 0.73, which is strong. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 3078.7 %².
CRSP is one of the assets that tracks BEAM most closely: it ranks #1 out of the 20 assets we track against BEAM. Their recent paths diverged sharply: over the last 12 months BEAM outperformed by 69.9 percentage points (+80.8% for BEAM against +10.9% for CRSP).
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.
BEAM vs CRSP: side by side
| BEAM (Beam Therapeutics Inc.) | CRSP (CRISPR Therapeutics AG) | |
|---|---|---|
| 1-year return | +80.8% | +10.9% |
| 5-year return | -71.5% | -50.8% |
| Volatility (ann.) | 72.6% | 58.5% |
| Beta vs S&P 500 | 2.39 | 2.10 |
| Max drawdown (3Y) | -67.7% | -64.9% |
| Market cap | $3.1B | $5.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEAM | CRSP |
|---|---|---|
| 2022 | -50.9% | -46.4% |
| 2023 | -30.4% | +54.0% |
| 2024 | -8.9% | -37.1% |
| 2025 | +11.8% | +33.2% |
| 2026 | +10.0% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAM and CRSP good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BEAM and CRSP?
As of 2026-08-27, the correlation of weekly returns between BEAM and CRSP is 0.73 over 3 years, 0.78 over 1 year and 0.70 over 5 years.
Is CRSP a good diversifier for BEAM?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
A reading of 0.73 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/beam-vs-crsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/beam-vs-crsp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BEAM correlations · CRSP correlations
