FATE vs NKTX: Correlation
How closely do Fate Therapeutics, Inc. (FATE) and Nkarta, Inc. (NKTX) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FATE and NKTX?
Across a 3-year window, the weekly returns of FATE and NKTX correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.38, with an annualized covariance of 5903.2 %².
Among the 21 assets we track against FATE, NKTX ranks #5 by 3-year correlation. The last year tells two different stories: FATE led by 104.0 percentage points, +126.8% for FATE against +22.8% for NKTX.
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.
FATE vs NKTX: side by side
| FATE (Fate Therapeutics, Inc.) | NKTX (Nkarta, Inc.) | |
|---|---|---|
| 1-year return | +126.8% | +22.8% |
| 5-year return | -96.5% | -91.9% |
| Volatility (ann.) | 110.8% | 101.5% |
| Beta vs S&P 500 | 2.88 | 1.78 |
| Max drawdown (3Y) | -91.9% | -91.3% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FATE | NKTX |
|---|---|---|
| 2022 | -82.8% | -61.0% |
| 2023 | -62.9% | +10.2% |
| 2024 | -55.9% | -62.3% |
| 2025 | -40.6% | -25.7% |
| 2026 | +159.2% | +48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FATE and NKTX good diversifiers for each other?
Only partially. A correlation of 0.52 means FATE and NKTX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FATE and NKTX?
The FATE/NKTX correlation stands at 0.52 on a 3-year window (1 year: 0.50, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is NKTX a good diversifier for FATE?
Only partially. A correlation of 0.52 means FATE and NKTX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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.
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Related comparisons
Hubs: FATE correlations · NKTX correlations
