CBIO vs NAGE: Correlation
Crescent Biopharma, Inc. (CBIO) and Niagen Bioscience, Inc. (NAGE) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBIO and NAGE?
Over the past 3 years, CBIO and NAGE moved with a correlation of 0.42, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.04 versus 0.42 over 3 years. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 3925.4 %².
Among the 16 assets we track against CBIO, NAGE ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CBIO outperformed by 91.7 percentage points (+24.6% for CBIO against -67.1% for NAGE). Risk is not evenly split, since CBIO carries 1.5 times the volatility of the other side.
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 NAGE: side by side
| CBIO (Crescent Biopharma, Inc.) | NAGE (Niagen Bioscience, Inc.) | |
|---|---|---|
| 1-year return | +24.6% | -67.1% |
| 5-year return | -107.8% | -61.2% |
| Volatility (ann.) | 117.9% | 78.5% |
| Beta vs S&P 500 | 1.30 | 0.93 |
| Max drawdown (3Y) | -97.4% | -79.5% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | – | 17.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBIO | NAGE |
|---|---|---|
| 2022 | -275.3% | -55.1% |
| 2023 | -15.0% | -14.9% |
| 2024 | -89.4% | +271.3% |
| 2025 | -52.6% | +19.8% |
| 2026 | +49.7% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBIO and NAGE good diversifiers for each other?
Reasonably. At 0.42, CBIO and NAGE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CBIO and NAGE?
As of 2026-08-27, the correlation of weekly returns between CBIO and NAGE is 0.42 over 3 years, -0.04 over 1 year and 0.36 over 5 years.
Is NAGE a good diversifier for CBIO?
Reasonably. At 0.42, CBIO and NAGE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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 · NAGE correlations
