CCEL vs LQD: Correlation
Measured on weekly returns over the past three years, Cryo-Cell International, Inc. (CCEL) and iShares iBoxx Investment Grade Corporate Bond ETF (LQD) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEL and LQD?
Across a 3-year window, the weekly returns of CCEL and LQD correlate at 0.27, weak. The past 12 months show a weaker link (-0.03) than the 3-year average (0.27). Stretching to 5 years gives 0.16, with an annualized covariance of 109.3 %².
Among the 11 assets we track against CCEL, LQD ranks #4 by 3-year correlation. On 12-month performance LQD holds a 5.1-point edge, -3.6% against +1.5%. Risk is not evenly split, since CCEL carries 7.6 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.
CCEL vs LQD: side by side
| CCEL (Cryo-Cell International, Inc.) | LQD (iShares iBoxx Investment Grade Corporate Bond ETF) | |
|---|---|---|
| 1-year return | -3.6% | +1.5% |
| 5-year return | -53.4% | -4.1% |
| Volatility (ann.) | 55.4% | 7.3% |
| Beta vs S&P 500 | 0.21 | 0.15 |
| Max drawdown (3Y) | -66.3% | -6.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.66% |
| Expense ratio | – | 0.14% |
| Assets under management | – | $33.0B |
| Sector / category | US Listed | ETF · Bonds |
LQD, iShares's Corporate Bond fund, carries $33.0B under management, a 0.14% expense ratio, a 4.66% trailing dividend yield.
Year-by-year returns
| Year | CCEL | LQD |
|---|---|---|
| 2022 | -58.5% | -17.9% |
| 2023 | +35.9% | +9.4% |
| 2024 | +32.7% | +0.9% |
| 2025 | -50.6% | +7.9% |
| 2026 | +23.0% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEL and LQD good diversifiers for each other?
Reasonably. At 0.27, CCEL and LQD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCEL and LQD?
As of 2026-08-27, the correlation of weekly returns between CCEL and LQD is 0.27 over 3 years, -0.03 over 1 year and 0.16 over 5 years.
Is LQD a good diversifier for CCEL?
Reasonably. At 0.27, CCEL and LQD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccel-vs-lqd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccel-vs-lqd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCEL correlations · LQD correlations
