CABA vs KYTX: Correlation
Measured on weekly returns over the past three years, Cabaletta Bio, Inc. (CABA) and Kyverna Therapeutics, Inc. (KYTX) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CABA and KYTX?
Over the past 3 years, CABA and KYTX moved with a correlation of 0.47, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.47 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 5658.7 %².
Within CABA's tracked universe of 14 assets, KYTX comes in at #6 by 3-year correlation. The trailing year gives KYTX the advantage: +125.3% versus +134.1%, a 8.8-point spread.
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.
CABA vs KYTX: side by side
| CABA (Cabaletta Bio, Inc.) | KYTX (Kyverna Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +125.3% | +134.1% |
| 5-year return | -66.5% | n/a |
| Volatility (ann.) | 125.4% | 90.2% |
| Beta vs S&P 500 | 3.70 | 1.74 |
| Max drawdown (3Y) | -95.9% | -93.9% |
| Market cap | $0.6B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CABA | KYTX |
|---|---|---|
| 2022 | +144.1% | – |
| 2023 | +145.4% | – |
| 2024 | -90.0% | – |
| 2025 | -3.5% | +151.3% |
| 2026 | +54.3% | -8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CABA and KYTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CABA and KYTX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.25 over the last year and n/a over 5 years.
Is KYTX a good diversifier for CABA?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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: CABA correlations · KYTX correlations
