CLYM vs VSTS: Correlation
Climb Bio, Inc. (CLYM) and Vestis Corporation (VSTS) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLYM and VSTS?
Across a 3-year window, the weekly returns of CLYM and VSTS correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.31 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2527.0 %².
Out of 12 assets tracked against CLYM, VSTS lands near the bottom at #12. The last year tells two different stories: CLYM led by 381.9 percentage points, +559.1% for CLYM against +177.2% for VSTS. Note the risk asymmetry: CLYM runs 2.2 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.
CLYM vs VSTS: side by side
| CLYM (Climb Bio, Inc.) | VSTS (Vestis Corporation) | |
|---|---|---|
| 1-year return | +559.1% | +177.2% |
| 5-year return | -46.2% | n/a |
| Volatility (ann.) | 132.2% | 61.1% |
| Beta vs S&P 500 | 1.11 | 0.98 |
| Max drawdown (3Y) | -88.9% | -81.6% |
| Market cap | $0.9B | $1.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLYM | VSTS |
|---|---|---|
| 2022 | -64.9% | – |
| 2023 | -26.4% | – |
| 2024 | -33.3% | -27.2% |
| 2025 | +122.2% | -56.1% |
| 2026 | +276.5% | +91.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLYM and VSTS good diversifiers for each other?
Yes. With a correlation of -0.31, CLYM and VSTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLYM and VSTS?
The CLYM/VSTS correlation stands at -0.31 on a 3-year window (1 year: -0.05, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VSTS a good diversifier for CLYM?
Yes. With a correlation of -0.31, CLYM and VSTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CLYM correlations · VSTS correlations
