FATE vs LAB: Correlation
Fate Therapeutics, Inc. (FATE) and Standard BioTools Inc. (LAB) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FATE and LAB?
Across a 3-year window, the weekly returns of FATE and LAB correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 3234.6 %².
By 3-year correlation, LAB places #10 of the 21 assets tracked against FATE. The last year tells two different stories: FATE led by 175.8 percentage points, +126.8% for FATE against -49.0% for LAB. Note the risk asymmetry: FATE runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FATE vs LAB: side by side
| FATE (Fate Therapeutics, Inc.) | LAB (Standard BioTools Inc.) | |
|---|---|---|
| 1-year return | +126.8% | -49.0% |
| 5-year return | -96.5% | -90.9% |
| Volatility (ann.) | 110.8% | 69.2% |
| Beta vs S&P 500 | 2.88 | 1.55 |
| Max drawdown (3Y) | -91.9% | -78.7% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FATE | LAB |
|---|---|---|
| 2022 | -82.8% | -70.2% |
| 2023 | -62.9% | +88.9% |
| 2024 | -55.9% | -20.8% |
| 2025 | -40.6% | -26.9% |
| 2026 | +159.2% | -49.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FATE and LAB good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FATE and LAB?
The FATE/LAB correlation stands at 0.42 on a 3-year window (1 year: 0.41, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is LAB a good diversifier for FATE?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fate-vs-lab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fate-vs-lab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FATE correlations · LAB correlations
