ALLO vs KOD: Correlation
Measured on weekly returns over the past three years, Allogene Therapeutics, Inc. (ALLO) and Kodiak Sciences Inc (KOD) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLO and KOD?
Over the past 3 years, ALLO and KOD moved with a correlation of 0.48, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.48 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 4921.0 %².
Among the 21 assets we track against ALLO, KOD ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KOD ahead by 238.6 points (+80.2% versus +318.8%).
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.
ALLO vs KOD: side by side
| ALLO (Allogene Therapeutics, Inc.) | KOD (Kodiak Sciences Inc) | |
|---|---|---|
| 1-year return | +80.2% | +318.8% |
| 5-year return | -91.3% | -59.3% |
| Volatility (ann.) | 83.3% | 123.8% |
| Beta vs S&P 500 | 1.96 | 2.99 |
| Max drawdown (3Y) | -83.1% | -81.1% |
| Market cap | $0.7B | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLO | KOD |
|---|---|---|
| 2022 | -57.8% | -91.6% |
| 2023 | -49.0% | -57.5% |
| 2024 | -33.6% | +227.3% |
| 2025 | -35.7% | +181.0% |
| 2026 | +52.6% | +39.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLO and KOD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALLO and KOD?
As of 2026-08-27, the correlation of weekly returns between ALLO and KOD is 0.48 over 3 years, 0.27 over 1 year and 0.39 over 5 years.
Is KOD a good diversifier for ALLO?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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: ALLO correlations · KOD correlations
