CDIO vs KRRO: Correlation
How closely do Cardio Diagnostics Holdings Inc. (CDIO) and Korro Bio, Inc. (KRRO) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDIO and KRRO?
On 3 years of weekly data the CDIO/KRRO correlation comes out at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.13) runs below the 3-year figure (0.41). The 5-year figure is 0.19, and annualized covariance runs at 14443.0 %².
Few assets follow CDIO as closely as KRRO, which ranks #2 of 11 tracked partners. Over the last 12 months KRRO came out ahead by 11.5 percentage points (-50.1% against -38.6%).
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.
CDIO vs KRRO: side by side
| CDIO (Cardio Diagnostics Holdings Inc.) | KRRO (Korro Bio, Inc.) | |
|---|---|---|
| 1-year return | -50.1% | -38.6% |
| 5-year return | -99.4% | -96.6% |
| Volatility (ann.) | 214.2% | 166.3% |
| Beta vs S&P 500 | 3.57 | 3.17 |
| Max drawdown (3Y) | -98.9% | -94.1% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDIO | KRRO |
|---|---|---|
| 2022 | – | -25.0% |
| 2023 | +134.9% | -75.1% |
| 2024 | -63.2% | -20.6% |
| 2025 | -90.1% | -79.0% |
| 2026 | -31.0% | +65.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDIO and KRRO good diversifiers for each other?
Reasonably. At 0.41, CDIO and KRRO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CDIO and KRRO?
The CDIO/KRRO correlation stands at 0.41 on a 3-year window (1 year: 0.13, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is KRRO a good diversifier for CDIO?
Reasonably. At 0.41, CDIO and KRRO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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.
Use this data
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Related comparisons
Hubs: CDIO correlations · KRRO correlations
