CRMD vs SANA: Correlation
CorMedix Inc. (CRMD) and Sana Biotechnology, Inc. (SANA) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRMD and SANA?
On 3 years of weekly data the CRMD/SANA correlation comes out at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.39 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 3361.5 %².
In CRMD's tracked universe of 11 assets, SANA sits right near the top at #2. The last year tells two different stories: SANA led by 62.6 percentage points, -41.2% for CRMD against +21.4% for SANA. Note the risk asymmetry: SANA runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CRMD vs SANA: side by side
| CRMD (CorMedix Inc.) | SANA (Sana Biotechnology, Inc.) | |
|---|---|---|
| 1-year return | -41.2% | +21.4% |
| 5-year return | +33.4% | -82.9% |
| Volatility (ann.) | 74.6% | 115.0% |
| Beta vs S&P 500 | 1.50 | 1.88 |
| Max drawdown (3Y) | -62.3% | -88.1% |
| Market cap | $0.6B | $1.2B |
| P/E (trailing) | 3.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRMD | SANA |
|---|---|---|
| 2022 | -7.3% | -74.5% |
| 2023 | -10.9% | +3.3% |
| 2024 | +115.4% | -60.0% |
| 2025 | +43.6% | +149.7% |
| 2026 | -28.5% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRMD and SANA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRMD and SANA?
As of 2026-08-27, the correlation of weekly returns between CRMD and SANA is 0.39 over 3 years, 0.18 over 1 year and 0.36 over 5 years.
Is SANA a good diversifier for CRMD?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/crmd-vs-sana.json
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Related comparisons
Hubs: CRMD correlations · SANA correlations
