CRBU vs EDIT: Correlation
Measured on weekly returns over the past three years, Caribou Biosciences, Inc. (CRBU) and Editas Medicine, Inc. (EDIT) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBU and EDIT?
Across a 3-year window, the weekly returns of CRBU and EDIT correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 3808.2 %².
Within CRBU's tracked universe of 17 assets, EDIT comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EDIT outperformed by 39.8 percentage points (-16.2% for CRBU against +23.6% for EDIT).
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 EDIT: side by side
| CRBU (Caribou Biosciences, Inc.) | EDIT (Editas Medicine, Inc.) | |
|---|---|---|
| 1-year return | -16.2% | +23.6% |
| 5-year return | -93.2% | -94.7% |
| Volatility (ann.) | 80.5% | 86.8% |
| Beta vs S&P 500 | 2.52 | 2.56 |
| Max drawdown (3Y) | -91.1% | -91.2% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRBU | EDIT |
|---|---|---|
| 2022 | -58.4% | -66.6% |
| 2023 | -8.8% | +14.2% |
| 2024 | -72.3% | -87.5% |
| 2025 | +0.0% | +61.4% |
| 2026 | +4.4% | +61.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBU and EDIT good diversifiers for each other?
Only partially. A correlation of 0.54 means CRBU and EDIT 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 EDIT?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.55 over the last year and 0.48 over 5 years.
Is EDIT a good diversifier for CRBU?
Only partially. A correlation of 0.54 means CRBU and EDIT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/crbu-vs-edit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crbu-vs-edit/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRBU correlations · EDIT correlations
