PRQR vs WVE: Correlation
How closely do ProQR Therapeutics N.V. (PRQR) and Wave Life Sciences, Inc. (WVE) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRQR and WVE?
On 3 years of weekly data the PRQR/WVE correlation comes out at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.49). The 5-year figure is 0.39, and annualized covariance runs at 5885.9 %².
Among the 21 assets we track against PRQR, WVE ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PRQR ahead by 53.8 points (+5.0% versus -48.8%).
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.
PRQR vs WVE: side by side
| PRQR (ProQR Therapeutics N.V.) | WVE (Wave Life Sciences, Inc.) | |
|---|---|---|
| 1-year return | +5.0% | -48.8% |
| 5-year return | -64.2% | -15.0% |
| Volatility (ann.) | 104.9% | 113.5% |
| Beta vs S&P 500 | 1.98 | 1.84 |
| Max drawdown (3Y) | -75.1% | -76.3% |
| Market cap | $0.3B | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRQR | WVE |
|---|---|---|
| 2022 | -53.8% | +122.9% |
| 2023 | -46.5% | -27.9% |
| 2024 | +33.8% | +145.0% |
| 2025 | -23.8% | +37.4% |
| 2026 | +14.9% | -69.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRQR and WVE good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PRQR and WVE?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.33 over the last year and 0.39 over 5 years.
Is WVE a good diversifier for PRQR?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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/prqr-vs-wve.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prqr-vs-wve/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PRQR correlations · WVE correlations
