CYPH vs KPLT: Correlation
Cypherpunk Technologies Inc. (CYPH) and Katapult Holdings, Inc. (KPLT) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYPH and KPLT?
Over the past 3 years, CYPH and KPLT moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.56) runs below the 3-year figure (-0.29). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -8023.8 %².
Out of 10 assets tracked against CYPH, KPLT lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with CYPH ahead by 608.5 points (+549.5% versus -59.0%). Note the risk asymmetry: CYPH runs 3.7 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.
CYPH vs KPLT: side by side
| CYPH (Cypherpunk Technologies Inc.) | KPLT (Katapult Holdings, Inc.) | |
|---|---|---|
| 1-year return | +549.5% | -59.0% |
| 5-year return | -89.0% | -95.6% |
| Volatility (ann.) | 319.9% | 87.1% |
| Beta vs S&P 500 | 1.42 | 1.08 |
| Max drawdown (3Y) | -94.9% | -75.6% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | 3.0 | 3.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYPH | KPLT |
|---|---|---|
| 2022 | -86.1% | -71.6% |
| 2023 | -7.9% | -54.5% |
| 2024 | -30.6% | -37.9% |
| 2025 | -59.7% | -4.5% |
| 2026 | +62.9% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYPH and KPLT good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CYPH and KPLT?
The CYPH/KPLT correlation stands at -0.29 on a 3-year window (1 year: -0.56, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is KPLT a good diversifier for CYPH?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cyph-vs-kplt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cyph-vs-kplt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CYPH correlations · KPLT correlations
