CERT vs SXTP: Correlation
How closely do Certara, Inc. (CERT) and 60 Degrees Pharmaceuticals, Inc. (SXTP) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CERT and SXTP?
On 3 years of weekly data the CERT/SXTP correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.38). The 5-year figure is n/a, and annualized covariance runs at 2689.1 %².
By 3-year correlation, SXTP places #7 of the 13 assets tracked against CERT. Their recent paths diverged sharply: over the last 12 months CERT outperformed by 55.3 percentage points (-23.3% for CERT against -78.6% for SXTP). One caveat on sizing: SXTP is 2.2 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.
CERT vs SXTP: side by side
| CERT (Certara, Inc.) | SXTP (60 Degrees Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -23.3% | -78.6% |
| 5-year return | -74.4% | n/a |
| Volatility (ann.) | 56.7% | 125.4% |
| Beta vs S&P 500 | 1.49 | 2.11 |
| Max drawdown (3Y) | -77.0% | -99.7% |
| Market cap | $1.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CERT | SXTP |
|---|---|---|
| 2022 | -43.5% | – |
| 2023 | +9.5% | – |
| 2024 | -39.5% | -89.5% |
| 2025 | -17.3% | -92.1% |
| 2026 | -4.5% | -47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CERT and SXTP good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CERT and SXTP?
As of 2026-08-27, the correlation of weekly returns between CERT and SXTP is 0.38 over 3 years, 0.23 over 1 year and n/a over 5 years.
Is SXTP a good diversifier for CERT?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/cert-vs-sxtp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cert-vs-sxtp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CERT correlations · SXTP correlations
