KYMR vs RLAY: Correlation
Kymera Therapeutics, Inc. (KYMR) and Relay Therapeutics, Inc. (RLAY) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYMR and RLAY?
On 3 years of weekly data the KYMR/RLAY correlation comes out at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.42 versus 0.58 over 3 years. The 5-year figure is 0.56, and annualized covariance runs at 3049.4 %².
Few assets follow KYMR as closely as RLAY, which ranks #2 of 31 tracked partners. Their recent paths diverged sharply: over the last 12 months RLAY outperformed by 259.5 percentage points (+184.5% for KYMR against +444.0% for RLAY).
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 RLAY: side by side
| KYMR (Kymera Therapeutics, Inc.) | RLAY (Relay Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +184.5% | +444.0% |
| 5-year return | +96.7% | -35.3% |
| Volatility (ann.) | 74.1% | 71.3% |
| Beta vs S&P 500 | 2.12 | 2.17 |
| Max drawdown (3Y) | -59.8% | -83.4% |
| Market cap | $9.9B | $4.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYMR | RLAY |
|---|---|---|
| 2022 | -60.7% | -51.4% |
| 2023 | +2.0% | -26.3% |
| 2024 | +58.0% | -62.6% |
| 2025 | +93.4% | +105.3% |
| 2026 | +54.5% | +129.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYMR and RLAY good diversifiers for each other?
Only partially. A correlation of 0.58 means KYMR and RLAY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KYMR and RLAY?
The KYMR/RLAY correlation stands at 0.58 on a 3-year window (1 year: 0.42, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is RLAY a good diversifier for KYMR?
Only partially. A correlation of 0.58 means KYMR and RLAY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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: KYMR correlations · RLAY correlations
