CRSP vs TCRX: Correlation
How closely do CRISPR Therapeutics AG (CRSP) and TScan Therapeutics, Inc. (TCRX) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSP and TCRX?
Over the past 3 years, CRSP and TCRX moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 2463.7 %².
By 3-year correlation, TCRX places #11 of the 19 assets tracked against CRSP. Their recent paths diverged sharply: over the last 12 months CRSP outperformed by 70.8 percentage points (+10.9% for CRSP against -59.9% for TCRX).
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 TCRX: side by side
| CRSP (CRISPR Therapeutics AG) | TCRX (TScan Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +10.9% | -59.9% |
| 5-year return | -50.8% | -91.3% |
| Volatility (ann.) | 58.5% | 82.6% |
| Beta vs S&P 500 | 2.10 | 2.01 |
| Max drawdown (3Y) | -64.9% | -92.4% |
| Market cap | $5.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSP | TCRX |
|---|---|---|
| 2022 | -46.4% | -65.6% |
| 2023 | +54.0% | +276.1% |
| 2024 | -37.1% | -47.9% |
| 2025 | +33.2% | -67.1% |
| 2026 | +13.2% | -25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSP and TCRX good diversifiers for each other?
Only partially. A correlation of 0.51 means CRSP and TCRX 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 TCRX?
As of 2026-08-27, the correlation of weekly returns between CRSP and TCRX is 0.51 over 3 years, 0.49 over 1 year and 0.40 over 5 years.
Is TCRX a good diversifier for CRSP?
Only partially. A correlation of 0.51 means CRSP and TCRX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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
$ curl https://www.pairbook.io/api/v1/pairs/crsp-vs-tcrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crsp-vs-tcrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRSP correlations · TCRX correlations
