CRBU vs CRSP: Correlation
How closely do Caribou Biosciences, Inc. (CRBU) and CRISPR Therapeutics AG (CRSP) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBU and CRSP?
Over the past 3 years, CRBU and CRSP moved with a correlation of 0.55, which is moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.55). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 2607.5 %².
CRSP is one of the assets that tracks CRBU most closely: it ranks #2 out of the 17 assets we track against CRBU. Their recent paths diverged sharply: over the last 12 months CRSP outperformed by 27.1 percentage points (-16.2% for CRBU against +10.9% for CRSP).
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.
CRBU vs CRSP: side by side
| CRBU (Caribou Biosciences, Inc.) | CRSP (CRISPR Therapeutics AG) | |
|---|---|---|
| 1-year return | -16.2% | +10.9% |
| 5-year return | -93.2% | -50.8% |
| Volatility (ann.) | 80.5% | 58.5% |
| Beta vs S&P 500 | 2.52 | 2.10 |
| Max drawdown (3Y) | -91.1% | -64.9% |
| Market cap | $0.2B | $5.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRBU | CRSP |
|---|---|---|
| 2022 | -58.4% | -46.4% |
| 2023 | -8.8% | +54.0% |
| 2024 | -72.3% | -37.1% |
| 2025 | +0.0% | +33.2% |
| 2026 | +4.4% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBU and CRSP good diversifiers for each other?
Only partially. A correlation of 0.55 means CRBU and CRSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRBU and CRSP?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.40 over the last year and 0.46 over 5 years.
Is CRSP a good diversifier for CRBU?
Only partially. A correlation of 0.55 means CRBU and CRSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/crbu-vs-crsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crbu-vs-crsp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRBU correlations · CRSP correlations
