KOD vs KYMR: Correlation
Measured on weekly returns over the past three years, Kodiak Sciences Inc (KOD) and Kymera Therapeutics, Inc. (KYMR) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KOD and KYMR?
On 3 years of weekly data the KOD/KYMR correlation comes out at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.48 over 3 years. The 5-year figure is 0.37, and annualized covariance runs at 4437.0 %².
Few assets follow KOD as closely as KYMR, which ranks #2 of 12 tracked partners. The last year tells two different stories: KOD led by 134.3 percentage points, +318.8% for KOD against +184.5% for KYMR. Note the risk asymmetry: KOD runs 1.7 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.
KOD vs KYMR: side by side
| KOD (Kodiak Sciences Inc) | KYMR (Kymera Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +318.8% | +184.5% |
| 5-year return | -59.3% | +96.7% |
| Volatility (ann.) | 123.8% | 74.1% |
| Beta vs S&P 500 | 2.99 | 2.12 |
| Max drawdown (3Y) | -81.1% | -59.8% |
| Market cap | $2.5B | $9.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KOD | KYMR |
|---|---|---|
| 2022 | -91.6% | -60.7% |
| 2023 | -57.5% | +2.0% |
| 2024 | +227.3% | +58.0% |
| 2025 | +181.0% | +93.4% |
| 2026 | +39.9% | +54.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KOD and KYMR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KOD and KYMR?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.20 over the last year and 0.37 over 5 years.
Is KYMR a good diversifier for KOD?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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
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Related comparisons
Hubs: KOD correlations · KYMR correlations
