CYCN vs ICMB: Correlation
Cyclerion Therapeutics, Inc. (CYCN) and Investcorp Credit Management BDC, Inc. (ICMB) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYCN and ICMB?
Over the past 3 years, CYCN and ICMB moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.43 over 1 year against -0.34 over 3. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -3119.6 %².
Out of 21 assets tracked against CYCN, ICMB lands near the bottom at #20. Correlation aside, the last 12 months split them widely, with CYCN ahead by 123.3 points (+55.3% versus -68.0%). One caveat on sizing: CYCN is 4.7 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.
CYCN vs ICMB: side by side
| CYCN (Cyclerion Therapeutics, Inc.) | ICMB (Investcorp Credit Management BDC, Inc.) | |
|---|---|---|
| 1-year return | +55.3% | -68.0% |
| 5-year return | -93.7% | -68.9% |
| Volatility (ann.) | 208.6% | 44.6% |
| Beta vs S&P 500 | 1.03 | 0.46 |
| Max drawdown (3Y) | -83.0% | -75.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 28.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYCN | ICMB |
|---|---|---|
| 2022 | -61.9% | -19.0% |
| 2023 | -74.5% | +19.0% |
| 2024 | -3.9% | +0.7% |
| 2025 | -60.6% | +5.9% |
| 2026 | +214.2% | -68.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYCN and ICMB good diversifiers for each other?
Yes. With a correlation of -0.34, CYCN and ICMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CYCN and ICMB?
As of 2026-08-27, the correlation of weekly returns between CYCN and ICMB is -0.34 over 3 years, -0.43 over 1 year and -0.21 over 5 years.
Is ICMB a good diversifier for CYCN?
Yes. With a correlation of -0.34, CYCN and ICMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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
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Related comparisons
Hubs: CYCN correlations · ICMB correlations
