CGON vs FULC: Correlation
CG Oncology, Inc. (CGON) and Fulcrum Therapeutics, Inc. (FULC) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGON and FULC?
On 3 years of weekly data the CGON/FULC correlation comes out at 0.40, moderate. The past 12 months show a weaker link (0.22) than the 3-year average (0.40). The 5-year figure is n/a, and annualized covariance runs at 2358.3 %².
Among the 17 assets we track against CGON, FULC ranks #8 by 3-year correlation. The last year tells two different stories: CGON led by 240.3 percentage points, +198.4% for CGON against -41.9% for FULC. Note the risk asymmetry: FULC runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CGON vs FULC: side by side
| CGON (CG Oncology, Inc.) | FULC (Fulcrum Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +198.4% | -41.9% |
| 5-year return | n/a | -86.0% |
| Volatility (ann.) | 61.8% | 92.9% |
| Beta vs S&P 500 | 1.57 | 1.49 |
| Max drawdown (3Y) | -67.5% | -79.1% |
| Market cap | $7.0B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGON | FULC |
|---|---|---|
| 2022 | – | -58.8% |
| 2023 | – | -7.3% |
| 2024 | – | -30.4% |
| 2025 | +44.8% | +140.6% |
| 2026 | +90.3% | -66.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGON and FULC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CGON and FULC?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.22 over the last year and n/a over 5 years.
Is FULC a good diversifier for CGON?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/cgon-vs-fulc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cgon-vs-fulc/)
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Related comparisons
Hubs: CGON correlations · FULC correlations
