CYCN vs SBAC: Correlation
How closely do Cyclerion Therapeutics, Inc. (CYCN) and SBA Communications (SBAC) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYCN and SBAC?
Across a 3-year window, the weekly returns of CYCN and SBAC correlate at 0.39, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.39 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 2418.8 %².
Within CYCN's tracked universe of 21 assets, SBAC comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CYCN ahead by 63.2 points (+55.3% versus -7.9%). Note the risk asymmetry: CYCN runs 6.9 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 SBAC: side by side
| CYCN (Cyclerion Therapeutics, Inc.) | SBAC (SBA Communications) | |
|---|---|---|
| 1-year return | +55.3% | -7.9% |
| 5-year return | -93.7% | -43.3% |
| Volatility (ann.) | 208.6% | 30.1% |
| Beta vs S&P 500 | 1.03 | 0.42 |
| Max drawdown (3Y) | -83.0% | -32.2% |
| Market cap | – | $19.8B |
| P/E (trailing) | – | 20.0 |
| Dividend yield | 0.00% | 2.54% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | CYCN | SBAC |
|---|---|---|
| 2022 | -61.9% | -27.3% |
| 2023 | -74.5% | -8.2% |
| 2024 | -3.9% | -18.2% |
| 2025 | -60.6% | -3.1% |
| 2026 | +214.2% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYCN and SBAC good diversifiers for each other?
Reasonably. At 0.39, CYCN and SBAC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CYCN and SBAC?
The CYCN/SBAC correlation stands at 0.39 on a 3-year window (1 year: 0.56, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is SBAC a good diversifier for CYCN?
Reasonably. At 0.39, CYCN and SBAC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CYCN correlations · SBAC correlations
