KRYS vs TGTX: Correlation
Measured on weekly returns over the past three years, Krystal Biotech, Inc. (KRYS) and TG Therapeutics, Inc. (TGTX) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRYS and TGTX?
Across a 3-year window, the weekly returns of KRYS and TGTX correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.16, with an annualized covariance of 1654.7 %².
Within KRYS's tracked universe of 18 assets, TGTX comes in at #7 by 3-year correlation. The last year tells two different stories: KRYS led by 47.1 percentage points, +142.1% for KRYS against +95.0% for TGTX.
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.
KRYS vs TGTX: side by side
| KRYS (Krystal Biotech, Inc.) | TGTX (TG Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +142.1% | +95.0% |
| 5-year return | +523.2% | +108.6% |
| Volatility (ann.) | 50.8% | 68.7% |
| Beta vs S&P 500 | 0.77 | 1.09 |
| Max drawdown (3Y) | -42.3% | -42.0% |
| Market cap | $10.6B | $8.5B |
| P/E (trailing) | 44.7 | 20.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRYS | TGTX |
|---|---|---|
| 2022 | +13.3% | -37.7% |
| 2023 | +56.6% | +44.4% |
| 2024 | +26.3% | +76.2% |
| 2025 | +57.4% | -1.0% |
| 2026 | +45.0% | +86.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRYS and TGTX good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KRYS and TGTX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.45 over the last year and 0.16 over 5 years.
Is TGTX a good diversifier for KRYS?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
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Related comparisons
Hubs: KRYS correlations · TGTX correlations
