CRDF vs JANX: Correlation
How closely do Cardiff Oncology, Inc. (CRDF) and Janux Therapeutics, Inc. (JANX) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDF and JANX?
Across a 3-year window, the weekly returns of CRDF and JANX correlate at 0.42, moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.42). Stretching to 5 years gives 0.35, with an annualized covariance of 6154.5 %².
Among the 13 assets we track against CRDF, JANX ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JANX ahead by 35.0 points (-54.6% versus -19.6%).
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 JANX: side by side
| CRDF (Cardiff Oncology, Inc.) | JANX (Janux Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -54.6% | -19.6% |
| 5-year return | -86.7% | -42.6% |
| Volatility (ann.) | 100.0% | 148.0% |
| Beta vs S&P 500 | 1.60 | 1.76 |
| Max drawdown (3Y) | -86.3% | -81.8% |
| Market cap | $0.1B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRDF | JANX |
|---|---|---|
| 2022 | -76.7% | -33.2% |
| 2023 | +5.7% | -18.5% |
| 2024 | +193.2% | +399.0% |
| 2025 | -35.3% | -74.2% |
| 2026 | -64.9% | +36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDF and JANX good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRDF and JANX?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.31 over the last year and 0.35 over 5 years.
Is JANX a good diversifier for CRDF?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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-janx.json
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Related comparisons
Hubs: CRDF correlations · JANX correlations
