CCCC vs KYTX: Correlation
How closely do C4 Therapeutics, Inc. (CCCC) and Kyverna Therapeutics, Inc. (KYTX) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCCC and KYTX?
Over the past 3 years, CCCC and KYTX moved with a correlation of 0.51, which is moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.51). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4025.4 %².
Among the 19 assets we track against CCCC, KYTX ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KYTX outperformed by 75.2 percentage points (+58.9% for CCCC against +134.1% for KYTX). One caveat on sizing: CCCC is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CCCC vs KYTX: side by side
| CCCC (C4 Therapeutics, Inc.) | KYTX (Kyverna Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +58.9% | +134.1% |
| 5-year return | -90.1% | n/a |
| Volatility (ann.) | 184.7% | 90.2% |
| Beta vs S&P 500 | 3.22 | 1.74 |
| Max drawdown (3Y) | -90.0% | -93.9% |
| Market cap | $0.5B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCCC | KYTX |
|---|---|---|
| 2022 | -81.7% | – |
| 2023 | -4.2% | – |
| 2024 | -36.3% | – |
| 2025 | -46.9% | +151.3% |
| 2026 | +114.7% | -8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCCC and KYTX good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CCCC and KYTX?
As of 2026-08-27, the correlation of weekly returns between CCCC and KYTX is 0.51 over 3 years, 0.36 over 1 year and n/a over 5 years.
Is KYTX a good diversifier for CCCC?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CCCC correlations · KYTX correlations
