CRBP vs PYXS: Correlation
Corbus Pharmaceuticals Holdings, Inc. (CRBP) and Pyxis Oncology, Inc. (PYXS) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBP and PYXS?
Over the past 3 years, CRBP and PYXS moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 10131.4 %².
Among the 17 assets we track against CRBP, PYXS ranks #7 by 3-year correlation. The last year tells two different stories: PYXS led by 137.8 percentage points, +6.3% for CRBP against +144.1% for PYXS. Risk is not evenly split, since CRBP carries 1.7 times the volatility of the other side.
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 PYXS: side by side
| CRBP (Corbus Pharmaceuticals Holdings, Inc.) | PYXS (Pyxis Oncology, Inc.) | |
|---|---|---|
| 1-year return | +6.3% | +144.1% |
| 5-year return | -68.8% | -74.8% |
| Volatility (ann.) | 207.1% | 120.2% |
| Beta vs S&P 500 | 1.79 | 1.51 |
| Max drawdown (3Y) | -92.0% | -86.7% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRBP | PYXS |
|---|---|---|
| 2022 | -82.0% | -87.8% |
| 2023 | +81.4% | +34.3% |
| 2024 | +95.4% | -13.3% |
| 2025 | -31.0% | -26.3% |
| 2026 | +36.7% | +188.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBP and PYXS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRBP and PYXS?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.38 over the last year and 0.39 over 5 years.
Is PYXS a good diversifier for CRBP?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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-pyxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crbp-vs-pyxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRBP correlations · PYXS correlations
