CLYM vs CTMX: Correlation
Climb Bio, Inc. (CLYM) and CytomX Therapeutics, Inc. (CTMX) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLYM and CTMX?
Over the past 3 years, CLYM and CTMX moved with a correlation of 0.53, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.00 versus 0.53 over 3 years. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 10700.9 %².
In CLYM's tracked universe of 12 assets, CTMX sits right near the top at #1. Correlation aside, the last 12 months split them widely, with CLYM ahead by 493.9 points (+559.1% versus +65.2%).
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.
CLYM vs CTMX: side by side
| CLYM (Climb Bio, Inc.) | CTMX (CytomX Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +559.1% | +65.2% |
| 5-year return | -46.2% | -32.5% |
| Volatility (ann.) | 132.2% | 151.3% |
| Beta vs S&P 500 | 1.11 | 2.53 |
| Max drawdown (3Y) | -88.9% | -91.6% |
| Market cap | $0.9B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLYM | CTMX |
|---|---|---|
| 2022 | -64.9% | -63.0% |
| 2023 | -26.4% | -3.1% |
| 2024 | -33.3% | -33.5% |
| 2025 | +122.2% | +313.6% |
| 2026 | +276.5% | -19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLYM and CTMX good diversifiers for each other?
Only partially. A correlation of 0.53 means CLYM and CTMX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CLYM and CTMX?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.00 over the last year and 0.46 over 5 years.
Is CTMX a good diversifier for CLYM?
Only partially. A correlation of 0.53 means CLYM and CTMX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clym-vs-ctmx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clym-vs-ctmx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLYM correlations · CTMX correlations
