CRON vs RZLT: Correlation
How closely do Cronos Group Inc. - Common Share (CRON) and Rezolute, Inc. (RZLT) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRON and RZLT?
Over the past 3 years, CRON and RZLT moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.53 versus -0.24 over 3 years. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -1053.7 %².
Among the 13 assets we track against CRON, RZLT sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months CRON outperformed by 63.2 percentage points (+32.4% for CRON against -30.8% for RZLT). Risk is not evenly split, since RZLT carries 2.5 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.
CRON vs RZLT: side by side
| CRON (Cronos Group Inc. - Common Share) | RZLT (Rezolute, Inc.) | |
|---|---|---|
| 1-year return | +32.4% | -30.8% |
| 5-year return | -47.1% | -47.6% |
| Volatility (ann.) | 41.8% | 103.6% |
| Beta vs S&P 500 | 0.75 | 0.65 |
| Max drawdown (3Y) | -46.4% | -87.2% |
| Market cap | $1.2B | $0.5B |
| P/E (trailing) | 18.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRON | RZLT |
|---|---|---|
| 2022 | -35.2% | -56.7% |
| 2023 | -17.7% | -52.0% |
| 2024 | -3.3% | +393.5% |
| 2025 | +30.2% | -51.8% |
| 2026 | +28.9% | +111.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRON and RZLT good diversifiers for each other?
Yes. With a correlation of -0.24, CRON and RZLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRON and RZLT?
The CRON/RZLT correlation stands at -0.24 on a 3-year window (1 year: -0.53, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is RZLT a good diversifier for CRON?
Yes. With a correlation of -0.24, CRON and RZLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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
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Related comparisons
Hubs: CRON correlations · RZLT correlations
