CLYM vs RENT: Correlation
Measured on weekly returns over the past three years, Climb Bio, Inc. (CLYM) and Rent the Runway, Inc. (RENT) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLYM and RENT?
On 3 years of weekly data the CLYM/RENT correlation comes out at 0.39, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.39 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 10803.7 %².
By 3-year correlation, RENT places #5 of the 12 assets tracked against CLYM. Their recent paths diverged sharply: over the last 12 months CLYM outperformed by 594.9 percentage points (+559.1% for CLYM against -35.8% for RENT). One caveat on sizing: RENT is 1.6 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.
CLYM vs RENT: side by side
| CLYM (Climb Bio, Inc.) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | +559.1% | -35.8% |
| 5-year return | -46.2% | -99.1% |
| Volatility (ann.) | 132.2% | 212.1% |
| Beta vs S&P 500 | 1.11 | 2.17 |
| Max drawdown (3Y) | -88.9% | -91.6% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | – | 0.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLYM | RENT |
|---|---|---|
| 2022 | -64.9% | -62.6% |
| 2023 | -26.4% | -82.7% |
| 2024 | -33.3% | -19.5% |
| 2025 | +122.2% | -6.9% |
| 2026 | +276.5% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLYM and RENT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLYM and RENT?
As of 2026-08-27, the correlation of weekly returns between CLYM and RENT is 0.39 over 3 years, 0.52 over 1 year and 0.30 over 5 years.
Is RENT a good diversifier for CLYM?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/clym-vs-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clym-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLYM correlations · RENT correlations
