IPDN vs KLRS: Correlation
Measured on weekly returns over the past three years, Professional Diversity Network, Inc. (IPDN) and Kalaris Therapeutics, Inc. (KLRS) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPDN and KLRS?
Across a 3-year window, the weekly returns of IPDN and KLRS correlate at 0.36, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.36). Stretching to 5 years gives 0.28, with an annualized covariance of 6826.5 %².
KLRS is one of the assets that tracks IPDN most closely: it ranks #3 out of the 13 assets we track against IPDN. Their recent paths diverged sharply: over the last 12 months KLRS outperformed by 126.6 percentage points (-93.5% for IPDN against +33.1% for KLRS). Note the risk asymmetry: IPDN runs 1.9 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.
IPDN vs KLRS: side by side
| IPDN (Professional Diversity Network, Inc.) | KLRS (Kalaris Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -93.5% | +33.1% |
| 5-year return | -99.5% | -99.1% |
| Volatility (ann.) | 192.4% | 98.7% |
| Beta vs S&P 500 | 1.06 | 1.33 |
| Max drawdown (3Y) | -99.6% | -97.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPDN | KLRS |
|---|---|---|
| 2022 | +5.1% | -60.4% |
| 2023 | -1.5% | -86.7% |
| 2024 | -75.4% | -38.2% |
| 2025 | -77.2% | -12.6% |
| 2026 | -89.0% | -51.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPDN and KLRS good diversifiers for each other?
Reasonably. At 0.36, IPDN and KLRS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IPDN and KLRS?
As of 2026-08-27, the correlation of weekly returns between IPDN and KLRS is 0.36 over 3 years, 0.23 over 1 year and 0.28 over 5 years.
Is KLRS a good diversifier for IPDN?
Reasonably. At 0.36, IPDN and KLRS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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.
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Related comparisons
Hubs: IPDN correlations · KLRS correlations
