CRBP vs NYXH: Correlation
Corbus Pharmaceuticals Holdings, Inc. (CRBP) and Nyxoah SA (NYXH) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBP and NYXH?
On 3 years of weekly data the CRBP/NYXH correlation comes out at 0.59, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.59). The 5-year figure is 0.51, and annualized covariance runs at 12090.1 %².
NYXH is one of the assets that tracks CRBP most closely: it ranks #3 out of the 17 assets we track against CRBP. Correlation aside, the last 12 months split them widely, with CRBP ahead by 80.9 points (+6.3% versus -74.6%). One caveat on sizing: CRBP is 2.1 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.
CRBP vs NYXH: side by side
| CRBP (Corbus Pharmaceuticals Holdings, Inc.) | NYXH (Nyxoah SA) | |
|---|---|---|
| 1-year return | +6.3% | -74.6% |
| 5-year return | -68.8% | -94.7% |
| Volatility (ann.) | 207.1% | 98.9% |
| Beta vs S&P 500 | 1.79 | 1.24 |
| Max drawdown (3Y) | -92.0% | -93.3% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRBP | NYXH |
|---|---|---|
| 2022 | -82.0% | -78.3% |
| 2023 | +81.4% | -7.0% |
| 2024 | +95.4% | +72.4% |
| 2025 | -31.0% | -42.5% |
| 2026 | +36.7% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBP and NYXH good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRBP and NYXH?
The CRBP/NYXH correlation stands at 0.59 on a 3-year window (1 year: 0.13, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is NYXH a good diversifier for CRBP?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 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/crbp-vs-nyxh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crbp-vs-nyxh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRBP correlations · NYXH correlations
