AP vs KYTX: Correlation
Measured on weekly returns over the past three years, Ampco-Pittsburgh Corporation (AP) and Kyverna Therapeutics, Inc. (KYTX) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AP and KYTX?
Over the past 3 years, AP and KYTX moved with a correlation of 0.46, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.46 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4212.8 %².
KYTX is one of the assets that tracks AP most closely: it ranks #2 out of the 14 assets we track against AP. Their recent paths diverged sharply: over the last 12 months AP outperformed by 98.5 percentage points (+232.6% for AP against +134.1% for KYTX).
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.
AP vs KYTX: side by side
| AP (Ampco-Pittsburgh Corporation) | KYTX (Kyverna Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +232.6% | +134.1% |
| 5-year return | +90.5% | n/a |
| Volatility (ann.) | 94.5% | 90.2% |
| Beta vs S&P 500 | 1.63 | 1.74 |
| Max drawdown (3Y) | -77.6% | -93.9% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AP | KYTX |
|---|---|---|
| 2022 | -49.8% | – |
| 2023 | +8.8% | – |
| 2024 | -23.4% | – |
| 2025 | +155.0% | +151.3% |
| 2026 | +72.2% | -8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AP and KYTX good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AP and KYTX?
As of 2026-08-27, the correlation of weekly returns between AP and KYTX is 0.46 over 3 years, 0.19 over 1 year and n/a over 5 years.
Is KYTX a good diversifier for AP?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
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Related comparisons
Hubs: AP correlations · KYTX correlations
