NKTR vs SY: Correlation
Nektar Therapeutics (NKTR) and So-Young International Inc. - American Depository Shares (SY) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NKTR and SY?
On 3 years of weekly data the NKTR/SY correlation comes out at 0.46, moderate. The past 12 months show a weaker link (-0.05) than the 3-year average (0.46). The 5-year figure is 0.30, and annualized covariance runs at 7037.9 %².
Among the 14 assets we track against NKTR, SY ranks #5 by 3-year correlation. The last year tells two different stories: NKTR led by 195.6 percentage points, +154.6% for NKTR against -41.0% for SY. Note the risk asymmetry: NKTR runs 1.5 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.
NKTR vs SY: side by side
| NKTR (Nektar Therapeutics) | SY (So-Young International Inc. - American Depository Shares) | |
|---|---|---|
| 1-year return | +154.6% | -41.0% |
| 5-year return | -67.2% | -54.5% |
| Volatility (ann.) | 152.4% | 99.6% |
| Beta vs S&P 500 | 3.24 | 1.08 |
| Max drawdown (3Y) | -73.2% | -77.5% |
| Market cap | $2.5B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NKTR | SY |
|---|---|---|
| 2022 | -83.3% | -59.6% |
| 2023 | -75.2% | +0.0% |
| 2024 | +66.1% | -32.1% |
| 2025 | +203.1% | +219.0% |
| 2026 | +76.3% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NKTR and SY good diversifiers for each other?
Reasonably. At 0.46, NKTR and SY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NKTR and SY?
The NKTR/SY correlation stands at 0.46 on a 3-year window (1 year: -0.05, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is SY a good diversifier for NKTR?
Reasonably. At 0.46, NKTR and SY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/nktr-vs-sy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nktr-vs-sy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NKTR correlations · SY correlations
