COLB vs CRBP: Correlation
Measured on weekly returns over the past three years, Columbia Banking System, Inc. (COLB) and Corbus Pharmaceuticals Holdings, Inc. (CRBP) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLB and CRBP?
Over the past 3 years, COLB and CRBP moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1364.6 %².
Out of 13 assets tracked against COLB, CRBP lands near the bottom at #9. Over the last 12 months COLB came out ahead by 12.0 percentage points (+18.3% against +6.3%). Note the risk asymmetry: CRBP runs 5.9 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.
COLB vs CRBP: side by side
| COLB (Columbia Banking System, Inc.) | CRBP (Corbus Pharmaceuticals Holdings, Inc.) | |
|---|---|---|
| 1-year return | +18.3% | +6.3% |
| 5-year return | +9.4% | -68.8% |
| Volatility (ann.) | 35.2% | 207.1% |
| Beta vs S&P 500 | 1.01 | 1.79 |
| Max drawdown (3Y) | -36.4% | -92.0% |
| Market cap | $8.7B | $0.2B |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 4.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLB | CRBP |
|---|---|---|
| 2022 | -4.3% | -82.0% |
| 2023 | -5.9% | +81.4% |
| 2024 | +8.1% | +95.4% |
| 2025 | +9.4% | -31.0% |
| 2026 | +12.6% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLB and CRBP good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between COLB and CRBP?
The COLB/CRBP correlation stands at -0.19 on a 3-year window (1 year: -0.21, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is CRBP a good diversifier for COLB?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/colb-vs-crbp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/colb-vs-crbp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COLB correlations · CRBP correlations
