COCP vs KBDC: Correlation
Cocrystal Pharma, Inc. (COCP) and Kayne Anderson BDC, Inc. (KBDC) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COCP and KBDC?
Over the past 3 years, COCP and KBDC moved with a correlation of 0.33, which is moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.33). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 405.4 %².
In COCP's tracked universe of 10 assets, KBDC sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months KBDC outperformed by 27.4 percentage points (-26.5% for COCP against +0.9% for KBDC). One caveat on sizing: COCP is 4.8 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.
COCP vs KBDC: side by side
| COCP (Cocrystal Pharma, Inc.) | KBDC (Kayne Anderson BDC, Inc.) | |
|---|---|---|
| 1-year return | -26.5% | +0.9% |
| 5-year return | -91.4% | n/a |
| Volatility (ann.) | 75.4% | 15.7% |
| Beta vs S&P 500 | 1.06 | 0.39 |
| Max drawdown (3Y) | -74.8% | -19.6% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COCP | KBDC |
|---|---|---|
| 2022 | -75.0% | – |
| 2023 | -11.8% | – |
| 2024 | +17.4% | – |
| 2025 | -51.5% | -2.4% |
| 2026 | +16.3% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COCP and KBDC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between COCP and KBDC?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.55 over the last year and n/a over 5 years.
Is KBDC a good diversifier for COCP?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cocp-vs-kbdc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cocp-vs-kbdc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COCP correlations · KBDC correlations
