KOD vs PTON: Correlation
How closely do Kodiak Sciences Inc (KOD) and Peloton Interactive, Inc. (PTON) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KOD and PTON?
Over the past 3 years, KOD and PTON moved with a correlation of 0.47, which is moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 4325.8 %².
Within KOD's tracked universe of 12 assets, PTON comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KOD outperformed by 349.8 percentage points (+318.8% for KOD against -31.0% for PTON). 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 PTON: side by side
| KOD (Kodiak Sciences Inc) | PTON (Peloton Interactive, Inc.) | |
|---|---|---|
| 1-year return | +318.8% | -31.0% |
| 5-year return | -59.3% | -94.8% |
| Volatility (ann.) | 123.8% | 74.3% |
| Beta vs S&P 500 | 2.99 | 2.10 |
| Max drawdown (3Y) | -81.1% | -64.9% |
| Market cap | $2.5B | $2.3B |
| P/E (trailing) | – | 37.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KOD | PTON |
|---|---|---|
| 2022 | -91.6% | -77.8% |
| 2023 | -57.5% | -23.3% |
| 2024 | +227.3% | +42.9% |
| 2025 | +181.0% | -29.2% |
| 2026 | +39.9% | -14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KOD and PTON good diversifiers for each other?
Reasonably. At 0.47, KOD and PTON keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KOD and PTON?
The KOD/PTON correlation stands at 0.47 on a 3-year window (1 year: 0.42, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is PTON a good diversifier for KOD?
Reasonably. At 0.47, KOD and PTON keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kod-vs-pton.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kod-vs-pton/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KOD correlations · PTON correlations
