EDIT vs NTLA: Correlation
Measured on weekly returns over the past three years, Editas Medicine, Inc. (EDIT) and Intellia Therapeutics, Inc. (NTLA) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDIT and NTLA?
Over the past 3 years, EDIT and NTLA moved with a correlation of 0.62, which is strong. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 4434.6 %².
In EDIT's tracked universe of 22 assets, NTLA sits right near the top at #3. On 12-month performance EDIT holds a 8.8-point edge, +23.6% against +14.8%.
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 NTLA: side by side
| EDIT (Editas Medicine, Inc.) | NTLA (Intellia Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +23.6% | +14.8% |
| 5-year return | -94.7% | -91.5% |
| Volatility (ann.) | 86.8% | 82.2% |
| Beta vs S&P 500 | 2.56 | 2.32 |
| Max drawdown (3Y) | -91.2% | -83.6% |
| Market cap | $0.5B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDIT | NTLA |
|---|---|---|
| 2022 | -66.6% | -70.5% |
| 2023 | +14.2% | -12.6% |
| 2024 | -87.5% | -61.8% |
| 2025 | +61.4% | -22.9% |
| 2026 | +61.0% | +45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDIT and NTLA good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EDIT and NTLA?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.53 over the last year and 0.64 over 5 years.
Is NTLA a good diversifier for EDIT?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EDIT correlations · NTLA correlations
