CYCN vs EQT: Correlation
Cyclerion Therapeutics, Inc. (CYCN) and EQT Corporation (EQT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYCN and EQT?
Over the past 3 years, CYCN and EQT moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.23 over 3 years. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -1658.7 %².
By 3-year correlation, EQT places #14 of the 21 assets tracked against CYCN. Their recent paths diverged sharply: over the last 12 months CYCN outperformed by 47.4 percentage points (+55.3% for CYCN against +7.9% for EQT). Note the risk asymmetry: CYCN runs 6.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CYCN vs EQT: side by side
| CYCN (Cyclerion Therapeutics, Inc.) | EQT (EQT Corporation) | |
|---|---|---|
| 1-year return | +55.3% | +7.9% |
| 5-year return | -93.7% | +224.8% |
| Volatility (ann.) | 208.6% | 34.1% |
| Beta vs S&P 500 | 1.03 | 0.52 |
| Max drawdown (3Y) | -83.0% | -31.6% |
| Market cap | – | $34.3B |
| P/E (trailing) | – | 12.7 |
| Dividend yield | 0.00% | 1.19% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CYCN | EQT |
|---|---|---|
| 2022 | -61.9% | +57.6% |
| 2023 | -74.5% | +16.2% |
| 2024 | -3.9% | +21.4% |
| 2025 | -60.6% | +17.6% |
| 2026 | +214.2% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYCN and EQT good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CYCN and EQT?
As of 2026-08-27, the correlation of weekly returns between CYCN and EQT is -0.23 over 3 years, -0.36 over 1 year and -0.10 over 5 years.
Is EQT a good diversifier for CYCN?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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/cycn-vs-eqt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cycn-vs-eqt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CYCN correlations · EQT correlations
