ALXO vs KYMR: Correlation
Measured on weekly returns over the past three years, ALX Oncology Holdings Inc. (ALXO) and Kymera Therapeutics, Inc. (KYMR) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALXO and KYMR?
Over the past 3 years, ALXO and KYMR moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 3216.5 %².
In ALXO's tracked universe of 11 assets, KYMR sits right near the top at #3. The last year tells two different stories: KYMR led by 113.7 percentage points, +70.8% for ALXO against +184.5% for KYMR. Risk is not evenly split, since ALXO carries 1.6 times the volatility of the other side.
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.
ALXO vs KYMR: side by side
| ALXO (ALX Oncology Holdings Inc.) | KYMR (Kymera Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +70.8% | +184.5% |
| 5-year return | -97.2% | +96.7% |
| Volatility (ann.) | 117.5% | 74.1% |
| Beta vs S&P 500 | 1.42 | 2.12 |
| Max drawdown (3Y) | -97.7% | -59.8% |
| Market cap | $0.3B | $9.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALXO | KYMR |
|---|---|---|
| 2022 | -47.6% | -60.7% |
| 2023 | +32.1% | +2.0% |
| 2024 | -88.8% | +58.0% |
| 2025 | -32.3% | +93.4% |
| 2026 | +81.4% | +54.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALXO and KYMR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALXO and KYMR?
As of 2026-08-27, the correlation of weekly returns between ALXO and KYMR is 0.37 over 3 years, 0.41 over 1 year and 0.40 over 5 years.
Is KYMR a good diversifier for ALXO?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/alxo-vs-kymr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alxo-vs-kymr/)
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Related comparisons
Hubs: ALXO correlations · KYMR correlations
