ERAS vs IPSC: Correlation
How closely do Erasca, Inc. (ERAS) and Century Therapeutics, Inc. (IPSC) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERAS and IPSC?
Across a 3-year window, the weekly returns of ERAS and IPSC correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 5044.1 %².
By 3-year correlation, IPSC places #5 of the 14 assets tracked against ERAS. The last year tells two different stories: ERAS led by 800.5 percentage points, +1133.5% for ERAS against +333.0% for IPSC.
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.
ERAS vs IPSC: side by side
| ERAS (Erasca, Inc.) | IPSC (Century Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +1133.5% | +333.0% |
| 5-year return | -17.1% | -90.7% |
| Volatility (ann.) | 99.2% | 111.4% |
| Beta vs S&P 500 | 1.88 | 2.01 |
| Max drawdown (3Y) | -67.7% | -92.7% |
| Market cap | $6.8B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ERAS | IPSC |
|---|---|---|
| 2022 | -72.3% | -67.7% |
| 2023 | -50.6% | -35.3% |
| 2024 | +17.8% | -69.6% |
| 2025 | +48.2% | -1.5% |
| 2026 | +423.9% | +124.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERAS and IPSC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ERAS and IPSC?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.51 over the last year and 0.47 over 5 years.
Is IPSC a good diversifier for ERAS?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/eras-vs-ipsc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eras-vs-ipsc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ERAS correlations · IPSC correlations
