CRDF vs ELTX: Correlation
How closely do Cardiff Oncology, Inc. (CRDF) and Elicio Therapeutics, Inc. (ELTX) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDF and ELTX?
Across a 3-year window, the weekly returns of CRDF and ELTX correlate at 0.31, moderate. The link has tightened recently: the 1-year correlation (0.45) runs above the 3-year figure (0.31). Stretching to 5 years gives 0.25, with an annualized covariance of 2883.2 %².
Among the 13 assets we track against CRDF, ELTX ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CRDF ahead by 16.5 points (-54.6% versus -71.1%).
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.
CRDF vs ELTX: side by side
| CRDF (Cardiff Oncology, Inc.) | ELTX (Elicio Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -54.6% | -71.1% |
| 5-year return | -86.7% | -97.2% |
| Volatility (ann.) | 100.0% | 93.6% |
| Beta vs S&P 500 | 1.60 | 0.68 |
| Max drawdown (3Y) | -86.3% | -81.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRDF | ELTX |
|---|---|---|
| 2022 | -76.7% | -72.0% |
| 2023 | +5.7% | +2.7% |
| 2024 | +193.2% | -38.8% |
| 2025 | -35.3% | +56.1% |
| 2026 | -64.9% | -62.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDF and ELTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRDF and ELTX?
As of 2026-08-27, the correlation of weekly returns between CRDF and ELTX is 0.31 over 3 years, 0.45 over 1 year and 0.25 over 5 years.
Is ELTX a good diversifier for CRDF?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/crdf-vs-eltx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crdf-vs-eltx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRDF correlations · ELTX correlations
