CLB vs SCNX: Correlation
How closely do Core Laboratories Inc. (CLB) and Scienture Holdings, Inc. (SCNX) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLB and SCNX?
Over the past 3 years, CLB and SCNX moved with a correlation of 0.42, which is moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.42). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 4363.4 %².
Within CLB's tracked universe of 15 assets, SCNX comes in at #7 by 3-year correlation. The last year tells two different stories: CLB led by 73.7 percentage points, +10.6% for CLB against -63.1% for SCNX. One caveat on sizing: SCNX 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.
CLB vs SCNX: side by side
| CLB (Core Laboratories Inc.) | SCNX (Scienture Holdings, Inc.) | |
|---|---|---|
| 1-year return | +10.6% | -63.1% |
| 5-year return | -55.8% | -99.2% |
| Volatility (ann.) | 53.1% | 193.3% |
| Beta vs S&P 500 | 0.91 | 2.75 |
| Max drawdown (3Y) | -62.5% | -98.9% |
| Market cap | $0.6B | – |
| P/E (trailing) | 23.2 | – |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLB | SCNX |
|---|---|---|
| 2022 | -9.0% | -82.9% |
| 2023 | -12.7% | -14.0% |
| 2024 | -1.8% | +86.9% |
| 2025 | -7.1% | -91.6% |
| 2026 | -23.2% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLB and SCNX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLB and SCNX?
As of 2026-08-27, the correlation of weekly returns between CLB and SCNX is 0.42 over 3 years, 0.72 over 1 year and 0.33 over 5 years.
Is SCNX a good diversifier for CLB?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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/clb-vs-scnx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clb-vs-scnx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLB correlations · SCNX correlations
