BNC vs KYTX: Correlation
How closely do CEA Industries Inc. (BNC) and Kyverna Therapeutics, Inc. (KYTX) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNC and KYTX?
On 3 years of weekly data the BNC/KYTX correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.19 over 3. The 5-year figure is n/a, and annualized covariance runs at -2166.7 %².
By 3-year correlation, KYTX places #16 of the 37 assets tracked against BNC. Correlation aside, the last 12 months split them widely, with KYTX ahead by 220.2 points (-86.1% 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.
BNC vs KYTX: side by side
| BNC (CEA Industries Inc.) | KYTX (Kyverna Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -86.1% | +134.1% |
| 5-year return | -97.4% | n/a |
| Volatility (ann.) | 120.4% | 90.2% |
| Beta vs S&P 500 | -0.47 | 1.74 |
| Max drawdown (3Y) | -96.5% | -93.9% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNC | KYTX |
|---|---|---|
| 2022 | -82.5% | – |
| 2023 | -34.9% | – |
| 2024 | +23.7% | – |
| 2025 | -20.9% | +151.3% |
| 2026 | -53.1% | -8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNC and KYTX good diversifiers for each other?
Yes. With a correlation of -0.19, BNC and KYTX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BNC and KYTX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.12 over the last year and n/a over 5 years.
Is KYTX a good diversifier for BNC?
Yes. With a correlation of -0.19, BNC and KYTX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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: BNC correlations · KYTX correlations
