CLPT vs PEPG: Correlation
Measured on weekly returns over the past three years, ClearPoint Neuro Inc. (CLPT) and PepGen Inc. (PEPG) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPT and PEPG?
Across a 3-year window, the weekly returns of CLPT and PEPG correlate at 0.38, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.38). Stretching to 5 years gives 0.31, with an annualized covariance of 5933.1 %².
Within CLPT's tracked universe of 19 assets, PEPG comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PEPG outperformed by 97.8 percentage points (+49.8% for CLPT against +147.6% for PEPG). One caveat on sizing: PEPG is 1.8 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.
CLPT vs PEPG: side by side
| CLPT (ClearPoint Neuro Inc.) | PEPG (PepGen Inc.) | |
|---|---|---|
| 1-year return | +49.8% | +147.6% |
| 5-year return | -12.5% | -76.2% |
| Volatility (ann.) | 91.6% | 168.3% |
| Beta vs S&P 500 | 1.76 | 1.20 |
| Max drawdown (3Y) | -70.7% | -94.6% |
| Market cap | $0.5B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPT | PEPG |
|---|---|---|
| 2022 | -24.5% | – |
| 2023 | -19.8% | -49.1% |
| 2024 | +126.5% | -44.3% |
| 2025 | -11.1% | +71.8% |
| 2026 | +16.5% | -52.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPT and PEPG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLPT and PEPG?
The CLPT/PEPG correlation stands at 0.38 on a 3-year window (1 year: 0.63, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is PEPG a good diversifier for CLPT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: CLPT correlations · PEPG correlations
