BEAM vs NTLA: Correlation
Beam Therapeutics Inc. (BEAM) and Intellia Therapeutics, Inc. (NTLA) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAM and NTLA?
On 3 years of weekly data the BEAM/NTLA correlation comes out at 0.67, strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.67 over 3. The 5-year figure is 0.69, and annualized covariance runs at 4008.2 %².
In BEAM's tracked universe of 20 assets, NTLA sits right near the top at #3. Correlation aside, the last 12 months split them widely, with BEAM ahead by 66.0 points (+80.8% versus +14.8%).
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 NTLA: side by side
| BEAM (Beam Therapeutics Inc.) | NTLA (Intellia Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +80.8% | +14.8% |
| 5-year return | -71.5% | -91.5% |
| Volatility (ann.) | 72.6% | 82.2% |
| Beta vs S&P 500 | 2.39 | 2.32 |
| Max drawdown (3Y) | -67.7% | -83.6% |
| Market cap | $3.1B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEAM | NTLA |
|---|---|---|
| 2022 | -50.9% | -70.5% |
| 2023 | -30.4% | -12.6% |
| 2024 | -8.9% | -61.8% |
| 2025 | +11.8% | -22.9% |
| 2026 | +10.0% | +45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAM and NTLA good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BEAM and NTLA?
The BEAM/NTLA correlation stands at 0.67 on a 3-year window (1 year: 0.67, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is NTLA a good diversifier for BEAM?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 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.
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Related comparisons
Hubs: BEAM correlations · NTLA correlations
