CELZ vs CION: Correlation
Measured on weekly returns over the past three years, Creative Medical Technology Holdings, Inc. (CELZ) and CION Investment Corporation (CION) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELZ and CION?
Across a 3-year window, the weekly returns of CELZ and CION correlate at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.45). Stretching to 5 years gives 0.30, with an annualized covariance of 1466.9 %².
Among the 12 assets we track against CELZ, CION ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CION outperformed by 47.1 percentage points (-64.8% for CELZ against -17.7% for CION). One caveat on sizing: CELZ is 3.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CELZ vs CION: side by side
| CELZ (Creative Medical Technology Holdings, Inc.) | CION (CION Investment Corporation) | |
|---|---|---|
| 1-year return | -64.8% | -17.7% |
| 5-year return | -99.2% | +26.2% |
| Volatility (ann.) | 107.6% | 30.2% |
| Beta vs S&P 500 | 1.42 | 0.86 |
| Max drawdown (3Y) | -89.9% | -40.3% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 123.5 |
| Dividend yield | 0.00% | 17.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELZ | CION |
|---|---|---|
| 2022 | -82.8% | -14.8% |
| 2023 | +21.0% | +35.4% |
| 2024 | -49.9% | +14.8% |
| 2025 | -15.2% | -2.3% |
| 2026 | -41.8% | -14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELZ and CION good diversifiers for each other?
Reasonably. At 0.45, CELZ and CION keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CELZ and CION?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.62 over the last year and 0.30 over 5 years.
Is CION a good diversifier for CELZ?
Reasonably. At 0.45, CELZ and CION keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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
$ curl https://www.pairbook.io/api/v1/pairs/celz-vs-cion.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/celz-vs-cion/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CELZ correlations · CION correlations
