CRBG vs EDTK: Correlation
Measured on weekly returns over the past three years, Corebridge Financial Inc. (CRBG) and Skillful Craftsman Education Technology Limited (EDTK) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBG and EDTK?
Across a 3-year window, the weekly returns of CRBG and EDTK correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.23, with an annualized covariance of -337.9 %².
EDTK is close to the least connected end of CRBG's tracked universe, ranking #9 of 12. Over the last 12 months CRBG came out ahead by 14.7 percentage points (-3.5% against -18.2%).
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.
CRBG vs EDTK: side by side
| CRBG (Corebridge Financial Inc.) | EDTK (Skillful Craftsman Education Technology Limited) | |
|---|---|---|
| 1-year return | -3.5% | -18.2% |
| 5-year return | n/a | -41.9% |
| Volatility (ann.) | 30.6% | 45.4% |
| Beta vs S&P 500 | 1.21 | -0.09 |
| Max drawdown (3Y) | -36.3% | -35.4% |
| Market cap | $14.5B | – |
| P/E (trailing) | 20.8 | – |
| Dividend yield | 3.01% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRBG | EDTK |
|---|---|---|
| 2022 | – | +52.4% |
| 2023 | +25.3% | -12.5% |
| 2024 | +42.8% | -19.8% |
| 2025 | +3.9% | -10.9% |
| 2026 | +10.2% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBG and EDTK good diversifiers for each other?
Yes. With a correlation of -0.24, CRBG and EDTK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRBG and EDTK?
As of 2026-08-27, the correlation of weekly returns between CRBG and EDTK is -0.24 over 3 years, -0.14 over 1 year and -0.23 over 5 years.
Is EDTK a good diversifier for CRBG?
Yes. With a correlation of -0.24, CRBG and EDTK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/crbg-vs-edtk.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: CRBG correlations · EDTK correlations
