CRBP vs VERA: Correlation
Measured on weekly returns over the past three years, Corbus Pharmaceuticals Holdings, Inc. (CRBP) and Vera Therapeutics, Inc. (VERA) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBP and VERA?
Across a 3-year window, the weekly returns of CRBP and VERA correlate at 0.62, strong. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.62 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 11348.4 %².
VERA is one of the assets that tracks CRBP most closely: it ranks #2 out of the 17 assets we track against CRBP. Their recent paths diverged sharply: over the last 12 months VERA outperformed by 50.8 percentage points (+6.3% for CRBP against +57.1% for VERA). One caveat on sizing: CRBP is 2.4 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 VERA: side by side
| CRBP (Corbus Pharmaceuticals Holdings, Inc.) | VERA (Vera Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +6.3% | +57.1% |
| 5-year return | -68.8% | +133.8% |
| Volatility (ann.) | 207.1% | 87.9% |
| Beta vs S&P 500 | 1.79 | 1.47 |
| Max drawdown (3Y) | -92.0% | -62.1% |
| Market cap | $0.2B | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRBP | VERA |
|---|---|---|
| 2022 | -82.0% | -27.6% |
| 2023 | +81.4% | -20.5% |
| 2024 | +95.4% | +175.0% |
| 2025 | -31.0% | +19.7% |
| 2026 | +36.7% | -31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBP and VERA good diversifiers for each other?
To a limited degree. At 0.62 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 VERA?
The CRBP/VERA correlation stands at 0.62 on a 3-year window (1 year: 0.16, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is VERA a good diversifier for CRBP?
To a limited degree. At 0.62 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 0.62 mean?
A reading of 0.62 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: CRBP correlations · VERA correlations
