KYMR vs PHAT: Correlation
Measured on weekly returns over the past three years, Kymera Therapeutics, Inc. (KYMR) and Phathom Pharmaceuticals, Inc. (PHAT) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYMR and PHAT?
On 3 years of weekly data the KYMR/PHAT correlation comes out at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.43 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 3275.9 %².
By 3-year correlation, PHAT places #17 of the 31 assets tracked against KYMR. The last year tells two different stories: KYMR led by 212.6 percentage points, +184.5% for KYMR against -28.1% for PHAT.
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.
KYMR vs PHAT: side by side
| KYMR (Kymera Therapeutics, Inc.) | PHAT (Phathom Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +184.5% | -28.1% |
| 5-year return | +96.7% | -74.1% |
| Volatility (ann.) | 74.1% | 103.2% |
| Beta vs S&P 500 | 2.12 | 1.89 |
| Max drawdown (3Y) | -59.8% | -88.3% |
| Market cap | $9.9B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYMR | PHAT |
|---|---|---|
| 2022 | -60.7% | -43.0% |
| 2023 | +2.0% | -18.6% |
| 2024 | +58.0% | -11.1% |
| 2025 | +93.4% | +104.3% |
| 2026 | +54.5% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYMR and PHAT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KYMR and PHAT?
As of 2026-08-27, the correlation of weekly returns between KYMR and PHAT is 0.43 over 3 years, 0.23 over 1 year and 0.34 over 5 years.
Is PHAT a good diversifier for KYMR?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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
$ curl https://www.pairbook.io/api/v1/pairs/kymr-vs-phat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kymr-vs-phat/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KYMR correlations · PHAT correlations
