DYN vs PYPD: Correlation
Dyne Therapeutics, Inc. (DYN) and PolyPid Ltd. (PYPD) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DYN and PYPD?
On 3 years of weekly data the DYN/PYPD correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.33 over 3. The 5-year figure is 0.20, and annualized covariance runs at 2091.5 %².
PYPD is close to the least connected end of DYN's tracked universe, ranking #9 of 13. Correlation aside, the last 12 months split them widely, with DYN ahead by 41.6 points (+91.3% versus +49.7%).
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.
DYN vs PYPD: side by side
| DYN (Dyne Therapeutics, Inc.) | PYPD (PolyPid Ltd.) | |
|---|---|---|
| 1-year return | +91.3% | +49.7% |
| 5-year return | +58.2% | -98.1% |
| Volatility (ann.) | 78.6% | 81.4% |
| Beta vs S&P 500 | 1.95 | 0.49 |
| Max drawdown (3Y) | -85.5% | -74.1% |
| Market cap | $4.9B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DYN | PYPD |
|---|---|---|
| 2022 | -2.5% | -87.8% |
| 2023 | +14.8% | -81.9% |
| 2024 | +77.1% | -20.0% |
| 2025 | -17.0% | +42.8% |
| 2026 | +33.4% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DYN and PYPD good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DYN and PYPD?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.28 over the last year and 0.20 over 5 years.
Is PYPD a good diversifier for DYN?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/dyn-vs-pypd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dyn-vs-pypd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DYN correlations · PYPD correlations
