CRDF vs REAL: Correlation
Cardiff Oncology, Inc. (CRDF) and The RealReal, Inc. (REAL) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDF and REAL?
Across a 3-year window, the weekly returns of CRDF and REAL correlate at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.41). Stretching to 5 years gives 0.37, with an annualized covariance of 3607.1 %².
Within CRDF's tracked universe of 13 assets, REAL comes in at #5 by 3-year correlation. The last year tells two different stories: REAL led by 98.1 percentage points, -54.6% for CRDF against +43.5% for REAL.
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 REAL: side by side
| CRDF (Cardiff Oncology, Inc.) | REAL (The RealReal, Inc.) | |
|---|---|---|
| 1-year return | -54.6% | +43.5% |
| 5-year return | -86.7% | -17.2% |
| Volatility (ann.) | 100.0% | 88.9% |
| Beta vs S&P 500 | 1.60 | 2.33 |
| Max drawdown (3Y) | -86.3% | -57.2% |
| Market cap | $0.1B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRDF | REAL |
|---|---|---|
| 2022 | -76.7% | -89.2% |
| 2023 | +5.7% | +60.8% |
| 2024 | +193.2% | +443.8% |
| 2025 | -35.3% | +44.4% |
| 2026 | -64.9% | -30.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDF and REAL good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRDF and REAL?
The CRDF/REAL correlation stands at 0.41 on a 3-year window (1 year: 0.18, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is REAL a good diversifier for CRDF?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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-real.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crdf-vs-real/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRDF correlations · REAL correlations
