CRSP vs FATE: Correlation
How closely do CRISPR Therapeutics AG (CRSP) and Fate Therapeutics, Inc. (FATE) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSP and FATE?
On 3 years of weekly data the CRSP/FATE correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.54 over 3. The 5-year figure is 0.49, and annualized covariance runs at 3530.2 %².
By 3-year correlation, FATE places #9 of the 19 assets tracked against CRSP. Correlation aside, the last 12 months split them widely, with FATE ahead by 115.9 points (+10.9% versus +126.8%). Note the risk asymmetry: FATE runs 1.9 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.
CRSP vs FATE: side by side
| CRSP (CRISPR Therapeutics AG) | FATE (Fate Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +10.9% | +126.8% |
| 5-year return | -50.8% | -96.5% |
| Volatility (ann.) | 58.5% | 110.8% |
| Beta vs S&P 500 | 2.10 | 2.88 |
| Max drawdown (3Y) | -64.9% | -91.9% |
| Market cap | $5.7B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSP | FATE |
|---|---|---|
| 2022 | -46.4% | -82.8% |
| 2023 | +54.0% | -62.9% |
| 2024 | -37.1% | -55.9% |
| 2025 | +33.2% | -40.6% |
| 2026 | +13.2% | +159.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSP and FATE good diversifiers for each other?
Only partially. A correlation of 0.54 means CRSP and FATE 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 FATE?
The CRSP/FATE correlation stands at 0.54 on a 3-year window (1 year: 0.56, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is FATE a good diversifier for CRSP?
Only partially. A correlation of 0.54 means CRSP and FATE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/crsp-vs-fate.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crsp-vs-fate/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRSP correlations · FATE correlations
