HYPD vs NKTR: Correlation
How closely do Hyperion DeFi, Inc. (HYPD) and Nektar Therapeutics (NKTR) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYPD and NKTR?
Over the past 3 years, HYPD and NKTR moved with a correlation of 0.42, which is moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.42). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 13672.1 %².
Among the 14 assets we track against HYPD, NKTR ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NKTR ahead by 202.1 points (-47.5% versus +154.6%).
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.
HYPD vs NKTR: side by side
| HYPD (Hyperion DeFi, Inc.) | NKTR (Nektar Therapeutics) | |
|---|---|---|
| 1-year return | -47.5% | +154.6% |
| 5-year return | -99.1% | -67.2% |
| Volatility (ann.) | 215.9% | 152.4% |
| Beta vs S&P 500 | 3.08 | 3.24 |
| Max drawdown (3Y) | -99.5% | -73.2% |
| Market cap | $0.1B | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYPD | NKTR |
|---|---|---|
| 2022 | -59.3% | -83.3% |
| 2023 | +27.6% | -75.2% |
| 2024 | -93.0% | +66.1% |
| 2025 | -69.5% | +203.1% |
| 2026 | +1.7% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYPD and NKTR good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HYPD and NKTR?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.20 over the last year and 0.37 over 5 years.
Is NKTR a good diversifier for HYPD?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: HYPD correlations · NKTR correlations
