ICU vs JBIO: Correlation
Measured on weekly returns over the past three years, SeaStar Medical Holding Corporation (ICU) and Jade Biosciences, Inc. (JBIO) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICU and JBIO?
Across a 3-year window, the weekly returns of ICU and JBIO correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.24 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -3971.6 %².
Out of 10 assets tracked against ICU, JBIO lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months JBIO outperformed by 231.2 percentage points (-63.4% for ICU against +167.8% for JBIO).
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.
ICU vs JBIO: side by side
| ICU (SeaStar Medical Holding Corporation) | JBIO (Jade Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -63.4% | +167.8% |
| 5-year return | -99.9% | -96.3% |
| Volatility (ann.) | 156.9% | 106.5% |
| Beta vs S&P 500 | 0.82 | 0.77 |
| Max drawdown (3Y) | -99.4% | -99.4% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICU | JBIO |
|---|---|---|
| 2022 | -59.2% | +148.5% |
| 2023 | -89.2% | -22.8% |
| 2024 | -82.5% | -88.3% |
| 2025 | -87.6% | -82.9% |
| 2026 | +29.2% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICU and JBIO good diversifiers for each other?
Yes. With a correlation of -0.24, ICU and JBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ICU and JBIO?
As of 2026-08-27, the correlation of weekly returns between ICU and JBIO is -0.24 over 3 years, 0.05 over 1 year and -0.16 over 5 years.
Is JBIO a good diversifier for ICU?
Yes. With a correlation of -0.24, ICU and JBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/icu-vs-jbio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/icu-vs-jbio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ICU correlations · JBIO correlations
