CRVS vs SXTP: Correlation
How closely do Corvus Pharmaceuticals, Inc. (CRVS) and 60 Degrees Pharmaceuticals, Inc. (SXTP) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVS and SXTP?
Over the past 3 years, CRVS and SXTP moved with a correlation of 0.38, which is moderate. The link has tightened recently: the 1-year correlation (0.76) runs above the 3-year figure (0.38). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 6807.0 %².
Within CRVS's tracked universe of 16 assets, SXTP comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRVS outperformed by 246.2 percentage points (+167.6% for CRVS against -78.6% for SXTP).
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 SXTP: side by side
| CRVS (Corvus Pharmaceuticals, Inc.) | SXTP (60 Degrees Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +167.6% | -78.6% |
| 5-year return | +581.5% | n/a |
| Volatility (ann.) | 144.6% | 125.4% |
| Beta vs S&P 500 | 1.20 | 2.11 |
| Max drawdown (3Y) | -70.5% | -99.7% |
| 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 | SXTP |
|---|---|---|
| 2022 | -64.7% | – |
| 2023 | +107.1% | – |
| 2024 | +204.0% | -89.5% |
| 2025 | +43.9% | -92.1% |
| 2026 | +91.2% | -47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVS and SXTP good diversifiers for each other?
Reasonably. At 0.38, CRVS and SXTP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRVS and SXTP?
The CRVS/SXTP correlation stands at 0.38 on a 3-year window (1 year: 0.76, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SXTP a good diversifier for CRVS?
Reasonably. At 0.38, CRVS and SXTP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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 · SXTP correlations
