AKBA vs OKYO: Correlation
Akebia Therapeutics, Inc. (AKBA) and OKYO Pharma Limited (OKYO) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKBA and OKYO?
Across a 3-year window, the weekly returns of AKBA and OKYO correlate at 0.29, weak. Recent behaviour matches the longer record: 0.25 over 1 year against 0.29 over 3. Stretching to 5 years gives 0.24, with an annualized covariance of 1642.9 %².
Within AKBA's tracked universe of 12 assets, OKYO comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OKYO ahead by 37.4 points (-68.8% versus -31.4%).
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.
AKBA vs OKYO: side by side
| AKBA (Akebia Therapeutics, Inc.) | OKYO (OKYO Pharma Limited) | |
|---|---|---|
| 1-year return | -68.8% | -31.4% |
| 5-year return | -66.7% | -57.2% |
| Volatility (ann.) | 75.3% | 76.6% |
| Beta vs S&P 500 | 1.02 | 0.56 |
| Max drawdown (3Y) | -79.0% | -69.1% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKBA | OKYO |
|---|---|---|
| 2022 | -74.5% | – |
| 2023 | +114.9% | -7.3% |
| 2024 | +53.2% | -35.0% |
| 2025 | -15.3% | +80.0% |
| 2026 | -41.6% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKBA and OKYO good diversifiers for each other?
Reasonably. At 0.29, AKBA and OKYO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AKBA and OKYO?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.25 over the last year and 0.24 over 5 years.
Is OKYO a good diversifier for AKBA?
Reasonably. At 0.29, AKBA and OKYO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/akba-vs-okyo.json
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Related comparisons
Hubs: AKBA correlations · OKYO correlations
