BEAM vs RCKT: Correlation
Beam Therapeutics Inc. (BEAM) and Rocket Pharmaceuticals, Inc. (RCKT) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAM and RCKT?
Across a 3-year window, the weekly returns of BEAM and RCKT correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 2719.6 %².
Among the 20 assets we track against BEAM, RCKT ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BEAM ahead by 71.8 points (+80.8% versus +9.0%).
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 RCKT: side by side
| BEAM (Beam Therapeutics Inc.) | RCKT (Rocket Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +80.8% | +9.0% |
| 5-year return | -71.5% | -89.2% |
| Volatility (ann.) | 72.6% | 78.7% |
| Beta vs S&P 500 | 2.39 | 1.78 |
| Max drawdown (3Y) | -67.7% | -92.7% |
| Market cap | $3.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEAM | RCKT |
|---|---|---|
| 2022 | -50.9% | -10.4% |
| 2023 | -30.4% | +53.1% |
| 2024 | -8.9% | -58.1% |
| 2025 | +11.8% | -72.1% |
| 2026 | +10.0% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAM and RCKT good diversifiers for each other?
Reasonably. At 0.48, BEAM and RCKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BEAM and RCKT?
The BEAM/RCKT correlation stands at 0.48 on a 3-year window (1 year: 0.43, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is RCKT a good diversifier for BEAM?
Reasonably. At 0.48, BEAM and RCKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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-rckt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/beam-vs-rckt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEAM correlations · RCKT correlations
