KRYS vs ZEO: Correlation
Krystal Biotech, Inc. (KRYS) and Zeo Energy Corporation (ZEO) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRYS and ZEO?
On 3 years of weekly data the KRYS/ZEO correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -1434.4 %².
ZEO is close to the least connected end of KRYS's tracked universe, ranking #16 of 18. Their recent paths diverged sharply: over the last 12 months KRYS outperformed by 223.8 percentage points (+142.1% for KRYS against -81.7% for ZEO). Note the risk asymmetry: ZEO runs 2.6 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.
KRYS vs ZEO: side by side
| KRYS (Krystal Biotech, Inc.) | ZEO (Zeo Energy Corporation) | |
|---|---|---|
| 1-year return | +142.1% | -81.7% |
| 5-year return | +523.2% | -96.8% |
| Volatility (ann.) | 50.8% | 130.0% |
| Beta vs S&P 500 | 0.77 | 1.10 |
| Max drawdown (3Y) | -42.3% | -97.4% |
| Market cap | $10.6B | – |
| P/E (trailing) | 44.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRYS | ZEO |
|---|---|---|
| 2022 | +13.3% | +4.2% |
| 2023 | +56.6% | +8.9% |
| 2024 | +26.3% | -69.5% |
| 2025 | +57.4% | -68.2% |
| 2026 | +45.0% | -70.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRYS and ZEO good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between KRYS and ZEO?
The KRYS/ZEO correlation stands at -0.22 on a 3-year window (1 year: -0.13, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is ZEO a good diversifier for KRYS?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/krys-vs-zeo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/krys-vs-zeo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KRYS correlations · ZEO correlations
