CRDL vs EDIT: Correlation
How closely do Cardiol Therapeutics Inc. - Class A (CRDL) and Editas Medicine, Inc. (EDIT) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDL and EDIT?
Over the past 3 years, CRDL and EDIT moved with a correlation of 0.38, which is moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.38). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 2532.0 %².
EDIT is one of the assets that tracks CRDL most closely: it ranks #2 out of the 10 assets we track against CRDL. Correlation aside, the last 12 months split them widely, with CRDL ahead by 60.3 points (+83.9% versus +23.6%).
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.
CRDL vs EDIT: side by side
| CRDL (Cardiol Therapeutics Inc. - Class A) | EDIT (Editas Medicine, Inc.) | |
|---|---|---|
| 1-year return | +83.9% | +23.6% |
| 5-year return | -43.7% | -94.7% |
| Volatility (ann.) | 77.0% | 86.8% |
| Beta vs S&P 500 | 1.22 | 2.56 |
| Max drawdown (3Y) | -72.7% | -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 | CRDL | EDIT |
|---|---|---|
| 2022 | -72.4% | -66.6% |
| 2023 | +65.3% | +14.2% |
| 2024 | +51.8% | -87.5% |
| 2025 | -25.5% | +61.4% |
| 2026 | +115.9% | +61.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDL and EDIT good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRDL and EDIT?
As of 2026-08-27, the correlation of weekly returns between CRDL and EDIT is 0.38 over 3 years, 0.19 over 1 year and 0.32 over 5 years.
Is EDIT a good diversifier for CRDL?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crdl-vs-edit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crdl-vs-edit/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRDL correlations · EDIT correlations
