CRNX vs RCKT: Correlation
Crinetics Pharmaceuticals, Inc. (CRNX) and Rocket Pharmaceuticals, Inc. (RCKT) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNX and RCKT?
Over the past 3 years, CRNX and RCKT moved with a correlation of 0.45, which is moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.45). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 3245.5 %².
In CRNX's tracked universe of 12 assets, RCKT sits right near the top at #1. The last year tells two different stories: CRNX led by 170.1 percentage points, +179.1% for CRNX against +9.0% for RCKT.
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.
CRNX vs RCKT: side by side
| CRNX (Crinetics Pharmaceuticals, Inc.) | RCKT (Rocket Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +179.1% | +9.0% |
| 5-year return | +269.7% | -89.2% |
| Volatility (ann.) | 91.7% | 78.7% |
| Beta vs S&P 500 | 1.58 | 1.78 |
| Max drawdown (3Y) | -57.9% | -92.7% |
| Market cap | $9.0B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNX | RCKT |
|---|---|---|
| 2022 | -35.6% | -10.4% |
| 2023 | +94.4% | +53.1% |
| 2024 | +43.7% | -58.1% |
| 2025 | -9.0% | -72.1% |
| 2026 | +82.3% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNX and RCKT good diversifiers for each other?
Reasonably. At 0.45, CRNX and RCKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRNX and RCKT?
As of 2026-08-27, the correlation of weekly returns between CRNX and RCKT is 0.45 over 3 years, 0.17 over 1 year and 0.45 over 5 years.
Is RCKT a good diversifier for CRNX?
Reasonably. At 0.45, CRNX and RCKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/crnx-vs-rckt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crnx-vs-rckt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRNX correlations · RCKT correlations
