CBIO vs GLUE: Correlation
How closely do Crescent Biopharma, Inc. (CBIO) and Monte Rosa Therapeutics, Inc. (GLUE) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBIO and GLUE?
On 3 years of weekly data the CBIO/GLUE correlation comes out at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.49 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 6006.4 %².
Few assets follow CBIO as closely as GLUE, which ranks #2 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with GLUE ahead by 182.0 points (+24.6% versus +206.6%).
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.
CBIO vs GLUE: side by side
| CBIO (Crescent Biopharma, Inc.) | GLUE (Monte Rosa Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +24.6% | +206.6% |
| 5-year return | -107.8% | -61.7% |
| Volatility (ann.) | 117.9% | 104.5% |
| Beta vs S&P 500 | 1.30 | 1.91 |
| Max drawdown (3Y) | -97.4% | -64.3% |
| Market cap | $0.7B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBIO | GLUE |
|---|---|---|
| 2022 | -275.3% | -62.7% |
| 2023 | -15.0% | -25.8% |
| 2024 | -89.4% | +22.8% |
| 2025 | -52.6% | +125.9% |
| 2026 | +49.7% | -8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBIO and GLUE 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 CBIO and GLUE?
The CBIO/GLUE correlation stands at 0.49 on a 3-year window (1 year: 0.15, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is GLUE a good diversifier for CBIO?
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?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: CBIO correlations · GLUE correlations
