BDL vs KYTX: Correlation
Measured on weekly returns over the past three years, Flanigan's Enterprises, Inc. (BDL) and Kyverna Therapeutics, Inc. (KYTX) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDL and KYTX?
Over the past 3 years, BDL and KYTX moved with a correlation of 0.36, which is moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1331.6 %².
In BDL's tracked universe of 12 assets, KYTX sits right near the top at #1. The last year tells two different stories: KYTX led by 70.2 percentage points, +63.9% for BDL against +134.1% for KYTX. Risk is not evenly split, since KYTX carries 2.3 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.
BDL vs KYTX: side by side
| BDL (Flanigan's Enterprises, Inc.) | KYTX (Kyverna Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +63.9% | +134.1% |
| 5-year return | +118.2% | n/a |
| Volatility (ann.) | 39.5% | 90.2% |
| Beta vs S&P 500 | 0.37 | 1.74 |
| Max drawdown (3Y) | -30.5% | -93.9% |
| Market cap | – | $0.5B |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDL | KYTX |
|---|---|---|
| 2022 | -13.7% | – |
| 2023 | +0.8% | – |
| 2024 | +0.0% | – |
| 2025 | +19.2% | +151.3% |
| 2026 | +64.1% | -8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDL and KYTX good diversifiers for each other?
Reasonably. At 0.36, BDL and KYTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BDL and KYTX?
As of 2026-08-27, the correlation of weekly returns between BDL and KYTX is 0.36 over 3 years, 0.34 over 1 year and n/a over 5 years.
Is KYTX a good diversifier for BDL?
Reasonably. At 0.36, BDL and KYTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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: BDL correlations · KYTX correlations
