CLRB vs TCRX: Correlation
Cellectar Biosciences, Inc. (CLRB) and TScan Therapeutics, Inc. (TCRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRB and TCRX?
Across a 3-year window, the weekly returns of CLRB and TCRX correlate at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.37). Stretching to 5 years gives 0.19, with an annualized covariance of 2987.4 %².
TCRX is one of the assets that tracks CLRB most closely: it ranks #2 out of the 10 assets we track against CLRB. Over the last 12 months CLRB came out ahead by 12.6 percentage points (-47.3% against -59.9%).
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.
CLRB vs TCRX: side by side
| CLRB (Cellectar Biosciences, Inc.) | TCRX (TScan Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -47.3% | -59.9% |
| 5-year return | -99.1% | -91.3% |
| Volatility (ann.) | 97.2% | 82.6% |
| Beta vs S&P 500 | 1.43 | 2.01 |
| Max drawdown (3Y) | -98.2% | -92.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLRB | TCRX |
|---|---|---|
| 2022 | -74.1% | -65.6% |
| 2023 | +62.0% | +276.1% |
| 2024 | -89.2% | -47.9% |
| 2025 | -67.2% | -67.1% |
| 2026 | -13.9% | -25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRB and TCRX good diversifiers for each other?
Reasonably. At 0.37, CLRB and TCRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLRB and TCRX?
As of 2026-08-27, the correlation of weekly returns between CLRB and TCRX is 0.37 over 3 years, 0.16 over 1 year and 0.19 over 5 years.
Is TCRX a good diversifier for CLRB?
Reasonably. At 0.37, CLRB and TCRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/clrb-vs-tcrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clrb-vs-tcrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLRB correlations · TCRX correlations
