CYTK vs XMAX: Correlation
How closely do Cytokinetics, Incorporated (CYTK) and XMAX, Inc. (XMAX) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYTK and XMAX?
On 3 years of weekly data the CYTK/XMAX correlation comes out at 0.56, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.77 versus 0.56 over 3 years. The 5-year figure is 0.45, and annualized covariance runs at 6601.2 %².
XMAX is one of the assets that tracks CYTK most closely: it ranks #3 out of the 13 assets we track against CYTK. Their recent paths diverged sharply: over the last 12 months XMAX outperformed by 258.2 percentage points (+105.9% for CYTK against +364.1% for XMAX). One caveat on sizing: XMAX is 2.2 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.
CYTK vs XMAX: side by side
| CYTK (Cytokinetics, Incorporated) | XMAX (XMAX, Inc.) | |
|---|---|---|
| 1-year return | +105.9% | +364.1% |
| 5-year return | +138.5% | -21.0% |
| Volatility (ann.) | 73.4% | 161.3% |
| Beta vs S&P 500 | 0.92 | 0.59 |
| Max drawdown (3Y) | -72.4% | -91.3% |
| Market cap | $10.8B | $0.6B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYTK | XMAX |
|---|---|---|
| 2022 | +0.5% | -77.0% |
| 2023 | +82.2% | +75.3% |
| 2024 | -43.7% | -82.2% |
| 2025 | +35.1% | +795.5% |
| 2026 | +22.6% | +50.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYTK and XMAX good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CYTK and XMAX?
The CYTK/XMAX correlation stands at 0.56 on a 3-year window (1 year: 0.77, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is XMAX a good diversifier for CYTK?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/cytk-vs-xmax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cytk-vs-xmax/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CYTK correlations · XMAX correlations
