CRSP vs NTLA: Correlation
How closely do CRISPR Therapeutics AG (CRSP) and Intellia Therapeutics, Inc. (NTLA) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSP and NTLA?
Over the past 3 years, CRSP and NTLA moved with a correlation of 0.63, which is strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 3032.8 %².
Within CRSP's tracked universe of 19 assets, NTLA comes in at #5 by 3-year correlation. Neither side won the trailing year by much: +10.9% against +14.8%.
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 NTLA: side by side
| CRSP (CRISPR Therapeutics AG) | NTLA (Intellia Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +10.9% | +14.8% |
| 5-year return | -50.8% | -91.5% |
| Volatility (ann.) | 58.5% | 82.2% |
| Beta vs S&P 500 | 2.10 | 2.32 |
| Max drawdown (3Y) | -64.9% | -83.6% |
| Market cap | $5.7B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSP | NTLA |
|---|---|---|
| 2022 | -46.4% | -70.5% |
| 2023 | +54.0% | -12.6% |
| 2024 | -37.1% | -61.8% |
| 2025 | +33.2% | -22.9% |
| 2026 | +13.2% | +45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSP and NTLA good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRSP and NTLA?
The CRSP/NTLA correlation stands at 0.63 on a 3-year window (1 year: 0.65, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is NTLA a good diversifier for CRSP?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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.
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Related comparisons
Hubs: CRSP correlations · NTLA correlations
