CRNX vs TVRD: Correlation
Crinetics Pharmaceuticals, Inc. (CRNX) and Tvardi Therapeutics, Inc. (TVRD) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNX and TVRD?
Over the past 3 years, CRNX and TVRD moved with a correlation of 0.37, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.37 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 4109.1 %².
Within CRNX's tracked universe of 12 assets, TVRD comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRNX outperformed by 273.2 percentage points (+179.1% for CRNX against -94.1% for TVRD).
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 TVRD: side by side
| CRNX (Crinetics Pharmaceuticals, Inc.) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +179.1% | -94.1% |
| 5-year return | +269.7% | -99.7% |
| Volatility (ann.) | 91.7% | 119.7% |
| Beta vs S&P 500 | 1.58 | 1.39 |
| Max drawdown (3Y) | -57.9% | -98.5% |
| Market cap | $9.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNX | TVRD |
|---|---|---|
| 2022 | -35.6% | -11.8% |
| 2023 | +94.4% | -93.1% |
| 2024 | +43.7% | -31.4% |
| 2025 | -9.0% | -76.6% |
| 2026 | +82.3% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNX and TVRD good diversifiers for each other?
Reasonably. At 0.37, CRNX and TVRD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRNX and TVRD?
The CRNX/TVRD correlation stands at 0.37 on a 3-year window (1 year: 0.52, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is TVRD a good diversifier for CRNX?
Reasonably. At 0.37, CRNX and TVRD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crnx-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRNX correlations · TVRD correlations
