ASMB vs KYTX: Correlation
Assembly Biosciences, Inc. (ASMB) and Kyverna Therapeutics, Inc. (KYTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASMB and KYTX?
On 3 years of weekly data the ASMB/KYTX correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 2025.7 %².
Few assets follow ASMB as closely as KYTX, which ranks #3 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with KYTX ahead by 99.7 points (+34.4% versus +134.1%).
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.
ASMB vs KYTX: side by side
| ASMB (Assembly Biosciences, Inc.) | KYTX (Kyverna Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +134.1% |
| 5-year return | -21.2% | n/a |
| Volatility (ann.) | 61.8% | 90.2% |
| Beta vs S&P 500 | 1.09 | 1.74 |
| Max drawdown (3Y) | -57.5% | -93.9% |
| Market cap | $0.7B | $0.5B |
| P/E (trailing) | 28.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASMB | KYTX |
|---|---|---|
| 2022 | -44.2% | – |
| 2023 | -36.9% | – |
| 2024 | +60.4% | – |
| 2025 | +115.5% | +151.3% |
| 2026 | +2.3% | -8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASMB and KYTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASMB and KYTX?
As of 2026-08-27, the correlation of weekly returns between ASMB and KYTX is 0.38 over 3 years, 0.38 over 1 year and n/a over 5 years.
Is KYTX a good diversifier for ASMB?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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: ASMB correlations · KYTX correlations
