CRVS vs SHPH: Correlation
How closely do Corvus Pharmaceuticals, Inc. (CRVS) and Shuttle Pharmaceuticals Holdings, Inc. (SHPH) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVS and SHPH?
On 3 years of weekly data the CRVS/SHPH correlation comes out at 0.34, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.49 versus 0.34 over 3 years. The 5-year figure is 0.24, and annualized covariance runs at 4924.6 %².
By 3-year correlation, SHPH places #10 of the 16 assets tracked against CRVS. Their recent paths diverged sharply: over the last 12 months CRVS outperformed by 256.0 percentage points (+167.6% for CRVS against -88.4% for SHPH).
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 SHPH: side by side
| CRVS (Corvus Pharmaceuticals, Inc.) | SHPH (Shuttle Pharmaceuticals Holdings, Inc.) | |
|---|---|---|
| 1-year return | +167.6% | -88.4% |
| 5-year return | +581.5% | n/a |
| Volatility (ann.) | 144.6% | 99.7% |
| Beta vs S&P 500 | 1.20 | 0.99 |
| Max drawdown (3Y) | -70.5% | -99.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | 35.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVS | SHPH |
|---|---|---|
| 2022 | -64.7% | – |
| 2023 | +107.1% | -76.8% |
| 2024 | +204.0% | -76.4% |
| 2025 | +43.9% | -91.6% |
| 2026 | +91.2% | -78.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVS and SHPH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRVS and SHPH?
The CRVS/SHPH correlation stands at 0.34 on a 3-year window (1 year: 0.49, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is SHPH a good diversifier for CRVS?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CRVS correlations · SHPH correlations
