EDIT vs TCRX: Correlation
How closely do Editas Medicine, Inc. (EDIT) and TScan Therapeutics, Inc. (TCRX) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDIT and TCRX?
Across a 3-year window, the weekly returns of EDIT and TCRX correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.29, with an annualized covariance of 3560.7 %².
Among the 22 assets we track against EDIT, TCRX ranks #9 by 3-year correlation. The last year tells two different stories: EDIT led by 83.5 percentage points, +23.6% for EDIT against -59.9% for TCRX.
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 TCRX: side by side
| EDIT (Editas Medicine, Inc.) | TCRX (TScan Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +23.6% | -59.9% |
| 5-year return | -94.7% | -91.3% |
| Volatility (ann.) | 86.8% | 82.6% |
| Beta vs S&P 500 | 2.56 | 2.01 |
| Max drawdown (3Y) | -91.2% | -92.4% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDIT | TCRX |
|---|---|---|
| 2022 | -66.6% | -65.6% |
| 2023 | +14.2% | +276.1% |
| 2024 | -87.5% | -47.9% |
| 2025 | +61.4% | -67.1% |
| 2026 | +61.0% | -25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDIT and TCRX good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EDIT and TCRX?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.52 over the last year and 0.29 over 5 years.
Is TCRX a good diversifier for EDIT?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/edit-vs-tcrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edit-vs-tcrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EDIT correlations · TCRX correlations
