CRDO vs STK: Correlation
Measured on weekly returns over the past three years, Credo Technology Group Holding Ltd (CRDO) and Columbia Seligman Premium Technology Growth Fund Inc (STK) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDO and STK?
On 3 years of weekly data the CRDO/STK correlation comes out at 0.67, strong. The past 12 months show a tighter link (0.78) than the 3-year average (0.67). The 5-year figure is 0.57, and annualized covariance runs at 1509.8 %².
Among the 20 assets we track against CRDO, STK ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRDO outperformed by 18.9 percentage points (+95.7% for CRDO against +76.8% for STK). Risk is not evenly split, since CRDO carries 3.2 times the volatility of the other side.
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.
CRDO vs STK: side by side
| CRDO (Credo Technology Group Holding Ltd) | STK (Columbia Seligman Premium Technology Growth Fund Inc) | |
|---|---|---|
| 1-year return | +95.7% | +76.8% |
| 5-year return | +1962.1% | +153.2% |
| Volatility (ann.) | 84.8% | 26.4% |
| Beta vs S&P 500 | 3.44 | 1.51 |
| Max drawdown (3Y) | -61.1% | -26.6% |
| Market cap | $45.1B | – |
| P/E (trailing) | 90.0 | 5.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRDO | STK |
|---|---|---|
| 2022 | – | -30.4% |
| 2023 | +46.3% | +49.2% |
| 2024 | +245.2% | +17.7% |
| 2025 | +114.1% | +24.9% |
| 2026 | +67.0% | +47.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDO and STK good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRDO and STK?
As of 2026-08-27, the correlation of weekly returns between CRDO and STK is 0.67 over 3 years, 0.78 over 1 year and 0.57 over 5 years.
Is STK a good diversifier for CRDO?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crdo-vs-stk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crdo-vs-stk/)
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Related comparisons
Hubs: CRDO correlations · STK correlations
