CRSP vs EDIT: Correlation
Measured on weekly returns over the past three years, CRISPR Therapeutics AG (CRSP) and Editas Medicine, Inc. (EDIT) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSP and EDIT?
Over the past 3 years, CRSP and EDIT moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 3285.5 %².
Among the 19 assets we track against CRSP, EDIT ranks #4 by 3-year correlation. The trailing year gives EDIT the advantage: +10.9% versus +23.6%, a 12.7-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.
CRSP vs EDIT: side by side
| CRSP (CRISPR Therapeutics AG) | EDIT (Editas Medicine, Inc.) | |
|---|---|---|
| 1-year return | +10.9% | +23.6% |
| 5-year return | -50.8% | -94.7% |
| Volatility (ann.) | 58.5% | 86.8% |
| Beta vs S&P 500 | 2.10 | 2.56 |
| Max drawdown (3Y) | -64.9% | -91.2% |
| Market cap | $5.7B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSP | EDIT |
|---|---|---|
| 2022 | -46.4% | -66.6% |
| 2023 | +54.0% | +14.2% |
| 2024 | -37.1% | -87.5% |
| 2025 | +33.2% | +61.4% |
| 2026 | +13.2% | +61.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSP and EDIT good diversifiers for each other?
Only partially. A correlation of 0.65 means CRSP and EDIT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRSP and EDIT?
The CRSP/EDIT correlation stands at 0.65 on a 3-year window (1 year: 0.67, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is EDIT a good diversifier for CRSP?
Only partially. A correlation of 0.65 means CRSP and EDIT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crsp-vs-edit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crsp-vs-edit/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRSP correlations · EDIT correlations
