ACET vs NKTX: Correlation
How closely do Adicet Bio, Inc. (ACET) and Nkarta, Inc. (NKTX) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACET and NKTX?
Over the past 3 years, ACET and NKTX moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 4159.9 %².
In ACET's tracked universe of 15 assets, NKTX sits right near the top at #1. The last year tells two different stories: NKTX led by 48.3 percentage points, -25.5% for ACET against +22.8% for NKTX.
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.
ACET vs NKTX: side by side
| ACET (Adicet Bio, Inc.) | NKTX (Nkarta, Inc.) | |
|---|---|---|
| 1-year return | -25.5% | +22.8% |
| 5-year return | -93.0% | -91.9% |
| Volatility (ann.) | 80.6% | 101.5% |
| Beta vs S&P 500 | 1.88 | 1.78 |
| Max drawdown (3Y) | -88.9% | -91.3% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACET | NKTX |
|---|---|---|
| 2022 | -48.9% | -61.0% |
| 2023 | -78.9% | +10.2% |
| 2024 | -49.1% | -62.3% |
| 2025 | -45.3% | -25.7% |
| 2026 | +7.0% | +48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACET and NKTX good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACET and NKTX?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.52 over the last year and 0.41 over 5 years.
Is NKTX a good diversifier for ACET?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/acet-vs-nktx.json
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Related comparisons
Hubs: ACET correlations · NKTX correlations
