FRGT vs STTK: Correlation
Measured on weekly returns over the past three years, Freight Technologies, Inc. (FRGT) and Shattuck Labs, Inc. (STTK) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRGT and STTK?
On 3 years of weekly data the FRGT/STTK correlation comes out at 0.35, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.35). The 5-year figure is 0.26, and annualized covariance runs at 5990.8 %².
STTK is one of the assets that tracks FRGT most closely: it ranks #2 out of the 11 assets we track against FRGT. Correlation aside, the last 12 months split them widely, with STTK ahead by 760.4 points (-95.4% versus +665.0%).
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.
FRGT vs STTK: side by side
| FRGT (Freight Technologies, Inc.) | STTK (Shattuck Labs, Inc.) | |
|---|---|---|
| 1-year return | -95.4% | +665.0% |
| 5-year return | -100.0% | -63.7% |
| Volatility (ann.) | 119.4% | 145.0% |
| Beta vs S&P 500 | 1.68 | 2.32 |
| Max drawdown (3Y) | -100.0% | -93.5% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRGT | STTK |
|---|---|---|
| 2022 | -96.2% | -73.0% |
| 2023 | -85.3% | +210.0% |
| 2024 | -97.8% | -83.0% |
| 2025 | -95.6% | +201.7% |
| 2026 | -82.3% | +109.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRGT and STTK good diversifiers for each other?
Reasonably. At 0.35, FRGT and STTK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FRGT and STTK?
The FRGT/STTK correlation stands at 0.35 on a 3-year window (1 year: 0.16, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is STTK a good diversifier for FRGT?
Reasonably. At 0.35, FRGT and STTK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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/frgt-vs-sttk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frgt-vs-sttk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRGT correlations · STTK correlations
