KYMR vs TBPH: Correlation
Kymera Therapeutics, Inc. (KYMR) and Theravance Biopharma, Inc. (TBPH) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYMR and TBPH?
Over the past 3 years, KYMR and TBPH moved with a correlation of 0.44, which is moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.44). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 1377.9 %².
Within KYMR's tracked universe of 31 assets, TBPH comes in at #15 by 3-year correlation. The last year tells two different stories: KYMR led by 161.0 percentage points, +184.5% for KYMR against +23.5% for TBPH. One caveat on sizing: KYMR is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TBPH: side by side
| KYMR (Kymera Therapeutics, Inc.) | TBPH (Theravance Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +184.5% | +23.5% |
| 5-year return | +96.7% | +102.9% |
| Volatility (ann.) | 74.1% | 42.5% |
| Beta vs S&P 500 | 2.12 | 0.92 |
| Max drawdown (3Y) | -59.8% | -34.6% |
| Market cap | $9.9B | $0.9B |
| P/E (trailing) | – | 16.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYMR | TBPH |
|---|---|---|
| 2022 | -60.7% | +1.5% |
| 2023 | +2.0% | +0.2% |
| 2024 | +58.0% | -16.3% |
| 2025 | +93.4% | +98.8% |
| 2026 | +54.5% | -8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYMR and TBPH good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KYMR and TBPH?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.26 over the last year and 0.33 over 5 years.
Is TBPH a good diversifier for KYMR?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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-tbph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kymr-vs-tbph/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KYMR correlations · TBPH correlations
