CRL vs CYRX: Correlation
How closely do Charles River Laboratories (CRL) and CryoPort, Inc. (CYRX) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRL and CYRX?
Across a 3-year window, the weekly returns of CRL and CYRX correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 1371.5 %².
Within CRL's tracked universe of 33 assets, CYRX comes in at #20 by 3-year correlation. The trailing year gives CYRX the advantage: +82.1% versus +88.9%, a 6.8-point spread.
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.
CRL vs CYRX: side by side
| CRL (Charles River Laboratories) | CYRX (CryoPort, Inc.) | |
|---|---|---|
| 1-year return | +82.1% | +88.9% |
| 5-year return | -33.3% | -73.7% |
| Volatility (ann.) | 47.9% | 62.3% |
| Beta vs S&P 500 | 0.92 | 1.44 |
| Max drawdown (3Y) | -63.5% | -75.0% |
| Market cap | $14.3B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CRL | CYRX |
|---|---|---|
| 2022 | -42.2% | -70.7% |
| 2023 | +8.5% | -10.7% |
| 2024 | -21.9% | -49.8% |
| 2025 | +8.1% | +23.4% |
| 2026 | +48.6% | +72.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRL and CYRX good diversifiers for each other?
Reasonably. At 0.46, CRL and CYRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRL and CYRX?
The CRL/CYRX correlation stands at 0.46 on a 3-year window (1 year: 0.53, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is CYRX a good diversifier for CRL?
Reasonably. At 0.46, CRL and CYRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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/crl-vs-cyrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crl-vs-cyrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRL correlations · CYRX correlations
