CYCN vs PIM: Correlation
How closely do Cyclerion Therapeutics, Inc. (CYCN) and Franklin Master Intermediate Income Trust Shares of (PIM) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYCN and PIM?
Over the past 3 years, CYCN and PIM moved with a correlation of 0.35, which is moderate. The link has tightened recently: the 1-year correlation (0.47) runs above the 3-year figure (0.35). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 682.1 %².
Within CYCN's tracked universe of 21 assets, PIM comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CYCN outperformed by 52.1 percentage points (+55.3% for CYCN against +3.2% for PIM). One caveat on sizing: CYCN is 22.7 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 PIM: side by side
| CYCN (Cyclerion Therapeutics, Inc.) | PIM (Franklin Master Intermediate Income Trust Shares of) | |
|---|---|---|
| 1-year return | +55.3% | +3.2% |
| 5-year return | -93.7% | +16.1% |
| Volatility (ann.) | 208.6% | 9.2% |
| Beta vs S&P 500 | 1.03 | 0.26 |
| Max drawdown (3Y) | -83.0% | -6.4% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 8.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYCN | PIM |
|---|---|---|
| 2022 | -61.9% | -12.5% |
| 2023 | -74.5% | +8.4% |
| 2024 | -3.9% | +10.9% |
| 2025 | -60.6% | +10.9% |
| 2026 | +214.2% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYCN and PIM good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CYCN and PIM?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.47 over the last year and 0.32 over 5 years.
Is PIM a good diversifier for CYCN?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 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-pim.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cycn-vs-pim/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CYCN correlations · PIM correlations
