CRVS vs QGEN: Correlation
Corvus Pharmaceuticals, Inc. (CRVS) and Qiagen N.V. (QGEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVS and QGEN?
Over the past 3 years, CRVS and QGEN moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.45 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1809.9 %².
By 3-year correlation, QGEN places #4 of the 16 assets tracked against CRVS. The last year tells two different stories: CRVS led by 175.6 percentage points, +167.6% for CRVS against -8.0% for QGEN. Note the risk asymmetry: CRVS runs 5.2 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.
CRVS vs QGEN: side by side
| CRVS (Corvus Pharmaceuticals, Inc.) | QGEN (Qiagen N.V.) | |
|---|---|---|
| 1-year return | +167.6% | -8.0% |
| 5-year return | +581.5% | -20.9% |
| Volatility (ann.) | 144.6% | 27.8% |
| Beta vs S&P 500 | 1.20 | 0.66 |
| Max drawdown (3Y) | -70.5% | -41.4% |
| Market cap | $1.2B | $9.0B |
| P/E (trailing) | – | 22.2 |
| Dividend yield | 0.00% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVS | QGEN |
|---|---|---|
| 2022 | -64.7% | -10.3% |
| 2023 | +107.1% | -12.9% |
| 2024 | +204.0% | +2.4% |
| 2025 | +43.9% | +1.5% |
| 2026 | +91.2% | -1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVS and QGEN good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRVS and QGEN?
As of 2026-08-27, the correlation of weekly returns between CRVS and QGEN is 0.45 over 3 years, 0.54 over 1 year and 0.32 over 5 years.
Is QGEN a good diversifier for CRVS?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crvs-vs-qgen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crvs-vs-qgen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRVS correlations · QGEN correlations
