CLGN vs SLAB: Correlation
Measured on weekly returns over the past three years, CollPlant Biotechnologies Ltd. (CLGN) and Silicon Laboratories, Inc. (SLAB) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLGN and SLAB?
Over the past 3 years, CLGN and SLAB moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.54) than the 3-year average (-0.27). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -1155.8 %².
Out of 10 assets tracked against CLGN, SLAB lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with SLAB ahead by 146.8 points (-90.0% versus +56.8%). Note the risk asymmetry: CLGN runs 1.8 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.
CLGN vs SLAB: side by side
| CLGN (CollPlant Biotechnologies Ltd.) | SLAB (Silicon Laboratories, Inc.) | |
|---|---|---|
| 1-year return | -90.0% | +56.8% |
| 5-year return | -98.3% | +36.7% |
| Volatility (ann.) | 87.8% | 48.6% |
| Beta vs S&P 500 | 0.37 | 1.40 |
| Max drawdown (3Y) | -96.4% | -45.7% |
| Market cap | – | $7.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLGN | SLAB |
|---|---|---|
| 2022 | -49.0% | -34.3% |
| 2023 | -23.5% | -2.5% |
| 2024 | -43.7% | -6.1% |
| 2025 | -61.1% | +5.2% |
| 2026 | -79.3% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLGN and SLAB good diversifiers for each other?
Yes. With a correlation of -0.27, CLGN and SLAB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLGN and SLAB?
As of 2026-08-27, the correlation of weekly returns between CLGN and SLAB is -0.27 over 3 years, -0.54 over 1 year and -0.11 over 5 years.
Is SLAB a good diversifier for CLGN?
Yes. With a correlation of -0.27, CLGN and SLAB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/clgn-vs-slab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clgn-vs-slab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLGN correlations · SLAB correlations
