INKT vs RXST: Correlation
How closely do MiNK Therapeutics, Inc. (INKT) and RxSight, Inc. (RXST) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INKT and RXST?
Over the past 3 years, INKT and RXST moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.08) runs above the 3-year figure (-0.30). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -9003.9 %².
RXST is close to the least connected end of INKT's tracked universe, ranking #25 of 27. Their 12-month results are close: -26.9% for INKT against -22.7% for RXST. Risk is not evenly split, since INKT carries 7.1 times the volatility of the other side.
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.
INKT vs RXST: side by side
| INKT (MiNK Therapeutics, Inc.) | RXST (RxSight, Inc.) | |
|---|---|---|
| 1-year return | -26.9% | -22.7% |
| 5-year return | -90.3% | -57.2% |
| Volatility (ann.) | 464.2% | 65.8% |
| Beta vs S&P 500 | 0.50 | 1.40 |
| Max drawdown (3Y) | -86.7% | -92.9% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INKT | RXST |
|---|---|---|
| 2022 | -41.5% | +12.6% |
| 2023 | -59.0% | +218.2% |
| 2024 | -34.9% | -14.7% |
| 2025 | +60.0% | -69.7% |
| 2026 | +4.8% | -36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INKT and RXST good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between INKT and RXST?
As of 2026-08-27, the correlation of weekly returns between INKT and RXST is -0.30 over 3 years, 0.08 over 1 year and -0.24 over 5 years.
Is RXST a good diversifier for INKT?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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: INKT correlations · RXST correlations
