CLDX vs EDIT: Correlation
How closely do Celldex Therapeutics, Inc. (CLDX) and Editas Medicine, Inc. (EDIT) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDX and EDIT?
Over the past 3 years, CLDX and EDIT moved with a correlation of 0.59, which is moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 3019.0 %².
EDIT is one of the assets that tracks CLDX most closely: it ranks #2 out of the 18 assets we track against CLDX. The last year tells two different stories: CLDX led by 55.4 percentage points, +79.0% for CLDX against +23.6% for EDIT.
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.
CLDX vs EDIT: side by side
| CLDX (Celldex Therapeutics, Inc.) | EDIT (Editas Medicine, Inc.) | |
|---|---|---|
| 1-year return | +79.0% | +23.6% |
| 5-year return | -21.9% | -94.7% |
| Volatility (ann.) | 59.4% | 86.8% |
| Beta vs S&P 500 | 1.48 | 2.56 |
| Max drawdown (3Y) | -70.8% | -91.2% |
| Market cap | $3.2B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLDX | EDIT |
|---|---|---|
| 2022 | +15.3% | -66.6% |
| 2023 | -11.0% | +14.2% |
| 2024 | -36.3% | -87.5% |
| 2025 | +7.5% | +61.4% |
| 2026 | +49.0% | +61.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDX and EDIT good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CLDX and EDIT?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.55 over the last year and 0.55 over 5 years.
Is EDIT a good diversifier for CLDX?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cldx-vs-edit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cldx-vs-edit/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLDX correlations · EDIT correlations
