JANX vs KRYS: Correlation
Measured on weekly returns over the past three years, Janux Therapeutics, Inc. (JANX) and Krystal Biotech, Inc. (KRYS) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JANX and KRYS?
Across a 3-year window, the weekly returns of JANX and KRYS correlate at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.55). Stretching to 5 years gives 0.36, with an annualized covariance of 4107.4 %².
Among the 16 assets we track against JANX, KRYS ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KRYS outperformed by 161.7 percentage points (-19.6% for JANX against +142.1% for KRYS). Note the risk asymmetry: JANX runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
JANX vs KRYS: side by side
| JANX (Janux Therapeutics, Inc.) | KRYS (Krystal Biotech, Inc.) | |
|---|---|---|
| 1-year return | -19.6% | +142.1% |
| 5-year return | -42.6% | +523.2% |
| Volatility (ann.) | 148.0% | 50.8% |
| Beta vs S&P 500 | 1.76 | 0.77 |
| Max drawdown (3Y) | -81.8% | -42.3% |
| Market cap | $1.1B | $10.6B |
| P/E (trailing) | – | 44.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JANX | KRYS |
|---|---|---|
| 2022 | -33.2% | +13.3% |
| 2023 | -18.5% | +56.6% |
| 2024 | +399.0% | +26.3% |
| 2025 | -74.2% | +57.4% |
| 2026 | +36.1% | +45.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JANX and KRYS good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JANX and KRYS?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.05 over the last year and 0.36 over 5 years.
Is KRYS a good diversifier for JANX?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/janx-vs-krys.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/janx-vs-krys/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JANX correlations · KRYS correlations
