CRVS vs LSTA: Correlation
Measured on weekly returns over the past three years, Corvus Pharmaceuticals, Inc. (CRVS) and Lisata Therapeutics, Inc. (LSTA) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVS and LSTA?
Over the past 3 years, CRVS and LSTA moved with a correlation of 0.51, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.51 over 3 years. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 6653.5 %².
LSTA is one of the assets that tracks CRVS most closely: it ranks #1 out of the 16 assets we track against CRVS. Their recent paths diverged sharply: over the last 12 months CRVS outperformed by 194.8 percentage points (+167.6% for CRVS against -27.2% for LSTA). Risk is not evenly split, since CRVS carries 1.6 times the volatility of the other side.
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.
CRVS vs LSTA: side by side
| CRVS (Corvus Pharmaceuticals, Inc.) | LSTA (Lisata Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +167.6% | -27.2% |
| 5-year return | +581.5% | -90.4% |
| Volatility (ann.) | 144.6% | 91.1% |
| Beta vs S&P 500 | 1.20 | 0.31 |
| Max drawdown (3Y) | -70.5% | -80.4% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVS | LSTA |
|---|---|---|
| 2022 | -64.7% | -79.9% |
| 2023 | +107.1% | +7.9% |
| 2024 | +204.0% | +9.2% |
| 2025 | +43.9% | -37.6% |
| 2026 | +91.2% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVS and LSTA good diversifiers for each other?
Only partially. A correlation of 0.51 means CRVS and LSTA 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 CRVS and LSTA?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.65 over the last year and 0.45 over 5 years.
Is LSTA a good diversifier for CRVS?
Only partially. A correlation of 0.51 means CRVS and LSTA 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/crvs-vs-lsta.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crvs-vs-lsta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRVS correlations · LSTA correlations
