EDIT vs FATE: Correlation
How closely do Editas Medicine, Inc. (EDIT) and Fate Therapeutics, Inc. (FATE) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDIT and FATE?
Across a 3-year window, the weekly returns of EDIT and FATE correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 5167.6 %².
Among the 22 assets we track against EDIT, FATE ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FATE ahead by 103.2 points (+23.6% versus +126.8%).
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.
EDIT vs FATE: side by side
| EDIT (Editas Medicine, Inc.) | FATE (Fate Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +23.6% | +126.8% |
| 5-year return | -94.7% | -96.5% |
| Volatility (ann.) | 86.8% | 110.8% |
| Beta vs S&P 500 | 2.56 | 2.88 |
| Max drawdown (3Y) | -91.2% | -91.9% |
| Market cap | $0.5B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDIT | FATE |
|---|---|---|
| 2022 | -66.6% | -82.8% |
| 2023 | +14.2% | -62.9% |
| 2024 | -87.5% | -55.9% |
| 2025 | +61.4% | -40.6% |
| 2026 | +61.0% | +159.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDIT and FATE good diversifiers for each other?
Only partially. A correlation of 0.54 means EDIT and FATE 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 EDIT and FATE?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.51 over the last year and 0.52 over 5 years.
Is FATE a good diversifier for EDIT?
Only partially. A correlation of 0.54 means EDIT and FATE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/edit-vs-fate.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/edit-vs-fate/)
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Related comparisons
Hubs: EDIT correlations · FATE correlations
