CRSP vs SDGR: Correlation
CRISPR Therapeutics AG (CRSP) and Schrodinger, Inc. (SDGR) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSP and SDGR?
Across a 3-year window, the weekly returns of CRSP and SDGR correlate at 0.56, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.56 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 1905.6 %².
Within CRSP's tracked universe of 19 assets, SDGR comes in at #7 by 3-year correlation. Over the last 12 months CRSP came out ahead by 7.8 percentage points (+10.9% against +3.1%).
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 SDGR: side by side
| CRSP (CRISPR Therapeutics AG) | SDGR (Schrodinger, Inc.) | |
|---|---|---|
| 1-year return | +10.9% | +3.1% |
| 5-year return | -50.8% | -65.2% |
| Volatility (ann.) | 58.5% | 57.7% |
| Beta vs S&P 500 | 2.10 | 1.91 |
| Max drawdown (3Y) | -64.9% | -70.2% |
| Market cap | $5.7B | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSP | SDGR |
|---|---|---|
| 2022 | -46.4% | -46.3% |
| 2023 | +54.0% | +91.5% |
| 2024 | -37.1% | -46.1% |
| 2025 | +33.2% | -7.3% |
| 2026 | +13.2% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSP and SDGR good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRSP and SDGR?
As of 2026-08-27, the correlation of weekly returns between CRSP and SDGR is 0.56 over 3 years, 0.56 over 1 year and 0.48 over 5 years.
Is SDGR a good diversifier for CRSP?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CRSP correlations · SDGR correlations
