CYTK vs RNXT: Correlation
Cytokinetics, Incorporated (CYTK) and RenovoRx, Inc. (RNXT) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYTK and RNXT?
Over the past 3 years, CYTK and RNXT moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.51). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 4335.5 %².
Among the 13 assets we track against CYTK, RNXT ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CYTK outperformed by 45.9 percentage points (+105.9% for CYTK against +60.0% for RNXT). Note the risk asymmetry: RNXT runs 1.6 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.
CYTK vs RNXT: side by side
| CYTK (Cytokinetics, Incorporated) | RNXT (RenovoRx, Inc.) | |
|---|---|---|
| 1-year return | +105.9% | +60.0% |
| 5-year return | +138.5% | -90.8% |
| Volatility (ann.) | 73.4% | 116.0% |
| Beta vs S&P 500 | 0.92 | 1.24 |
| Max drawdown (3Y) | -72.4% | -68.0% |
| Market cap | $10.8B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYTK | RNXT |
|---|---|---|
| 2022 | +0.5% | -51.4% |
| 2023 | +82.2% | -2.6% |
| 2024 | -43.7% | -43.7% |
| 2025 | +35.1% | -34.9% |
| 2026 | +22.6% | +76.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYTK and RNXT good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CYTK and RNXT?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.24 over the last year and 0.38 over 5 years.
Is RNXT a good diversifier for CYTK?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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: CYTK correlations · RNXT correlations
