DPU vs NKTR: Correlation
Top KingWin Ltd - Class A (DPU) and Nektar Therapeutics (NKTR) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPU and NKTR?
Across a 3-year window, the weekly returns of DPU and NKTR correlate at 0.41, moderate. The past 12 months show a weaker link (-0.02) than the 3-year average (0.41). Stretching to 5 years gives n/a, with an annualized covariance of 8364.9 %².
By 3-year correlation, NKTR places #4 of the 12 assets tracked against DPU. Their recent paths diverged sharply: over the last 12 months NKTR outperformed by 191.2 percentage points (-36.6% for DPU against +154.6% for NKTR).
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.
DPU vs NKTR: side by side
| DPU (Top KingWin Ltd - Class A) | NKTR (Nektar Therapeutics) | |
|---|---|---|
| 1-year return | -36.6% | +154.6% |
| 5-year return | n/a | -67.2% |
| Volatility (ann.) | 134.1% | 152.4% |
| Beta vs S&P 500 | 1.75 | 3.24 |
| Max drawdown (3Y) | -99.9% | -73.2% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPU | NKTR |
|---|---|---|
| 2022 | – | -83.3% |
| 2023 | – | -75.2% |
| 2024 | -80.6% | +66.1% |
| 2025 | -99.0% | +203.1% |
| 2026 | +4.2% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPU and NKTR good diversifiers for each other?
Reasonably. At 0.41, DPU and NKTR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DPU and NKTR?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with -0.02 over the last year and n/a over 5 years.
Is NKTR a good diversifier for DPU?
Reasonably. At 0.41, DPU and NKTR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/dpu-vs-nktr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dpu-vs-nktr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DPU correlations · NKTR correlations
