KOD vs LXRX: Correlation
Measured on weekly returns over the past three years, Kodiak Sciences Inc (KOD) and Lexicon Pharmaceuticals, Inc. (LXRX) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KOD and LXRX?
Across a 3-year window, the weekly returns of KOD and LXRX correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.39 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 5026.5 %².
Among the 12 assets we track against KOD, LXRX ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KOD ahead by 213.5 points (+318.8% versus +105.3%).
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 LXRX: side by side
| KOD (Kodiak Sciences Inc) | LXRX (Lexicon Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +318.8% | +105.3% |
| 5-year return | -59.3% | -48.7% |
| Volatility (ann.) | 123.8% | 105.2% |
| Beta vs S&P 500 | 2.99 | 1.98 |
| Max drawdown (3Y) | -81.1% | -91.9% |
| Market cap | $2.5B | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KOD | LXRX |
|---|---|---|
| 2022 | -91.6% | -51.5% |
| 2023 | -57.5% | -19.9% |
| 2024 | +227.3% | -51.6% |
| 2025 | +181.0% | +55.4% |
| 2026 | +39.9% | +101.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KOD and LXRX good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KOD and LXRX?
The KOD/LXRX correlation stands at 0.39 on a 3-year window (1 year: 0.19, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is LXRX a good diversifier for KOD?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kod-vs-lxrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kod-vs-lxrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KOD correlations · LXRX correlations
