CLDX vs GUTS: Correlation
Celldex Therapeutics, Inc. (CLDX) and Fractyl Health, Inc. (GUTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDX and GUTS?
Over the past 3 years, CLDX and GUTS moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.36 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2378.3 %².
By 3-year correlation, GUTS places #11 of the 18 assets tracked against CLDX. The last year tells two different stories: CLDX led by 104.1 percentage points, +79.0% for CLDX against -25.1% for GUTS. Risk is not evenly split, since GUTS carries 1.8 times the volatility of the other side.
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 GUTS: side by side
| CLDX (Celldex Therapeutics, Inc.) | GUTS (Fractyl Health, Inc.) | |
|---|---|---|
| 1-year return | +79.0% | -25.1% |
| 5-year return | -21.9% | n/a |
| Volatility (ann.) | 59.4% | 108.3% |
| Beta vs S&P 500 | 1.48 | 1.43 |
| Max drawdown (3Y) | -70.8% | -96.9% |
| Market cap | $3.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLDX | GUTS |
|---|---|---|
| 2022 | +15.3% | – |
| 2023 | -11.0% | – |
| 2024 | -36.3% | – |
| 2025 | +7.5% | +6.8% |
| 2026 | +49.0% | -66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDX and GUTS good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLDX and GUTS?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.24 over the last year and n/a over 5 years.
Is GUTS a good diversifier for CLDX?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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/cldx-vs-guts.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cldx-vs-guts/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLDX correlations · GUTS correlations
