BKYI vs CBIO: Correlation
BIO-key International, Inc. (BKYI) and Crescent Biopharma, Inc. (CBIO) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKYI and CBIO?
Over the past 3 years, BKYI and CBIO moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.39 over 3 years. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 4528.8 %².
CBIO is one of the assets that tracks BKYI most closely: it ranks #2 out of the 10 assets we track against BKYI. Correlation aside, the last 12 months split them widely, with CBIO ahead by 83.3 points (-58.7% versus +24.6%).
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.
BKYI vs CBIO: side by side
| BKYI (BIO-key International, Inc.) | CBIO (Crescent Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -58.7% | +24.6% |
| 5-year return | -99.5% | -107.8% |
| Volatility (ann.) | 99.3% | 117.9% |
| Beta vs S&P 500 | 1.01 | 1.30 |
| Max drawdown (3Y) | -97.1% | -97.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKYI | CBIO |
|---|---|---|
| 2022 | -73.3% | -275.3% |
| 2023 | -71.8% | -15.0% |
| 2024 | -43.0% | -89.4% |
| 2025 | -68.4% | -52.6% |
| 2026 | -42.6% | +49.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKYI and CBIO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BKYI and CBIO?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with -0.03 over the last year and 0.24 over 5 years.
Is CBIO a good diversifier for BKYI?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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: BKYI correlations · CBIO correlations
