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OKUR vs STTK: Correlation

How closely do OnKure Therapeutics, Inc. (OKUR) and Shattuck Labs, Inc. (STTK) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
-0.29
negative
Correlation (1Y)
0.10
last 12 months
Correlation (5Y)
-0.17
long-run
Ann. covariance
-3458.8
%² · weekly, annualized

How correlated are OKUR and STTK?

Across a 3-year window, the weekly returns of OKUR and STTK correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.10) than the 3-year average (-0.29). Stretching to 5 years gives -0.17, with an annualized covariance of -3458.8 %².

Out of 15 assets tracked against OKUR, STTK lands near the bottom at #13. The last year tells two different stories: STTK led by 628.2 percentage points, +36.8% for OKUR against +665.0% for STTK. One caveat on sizing: STTK is 1.8 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.

OKUR vs STTK: side by side

OKUR (OnKure Therapeutics, Inc.)STTK (Shattuck Labs, Inc.)
1-year return+36.8%+665.0%
5-year return-96.0%-63.7%
Volatility (ann.)81.5%145.0%
Beta vs S&P 5000.592.32
Max drawdown (3Y)-97.8%-93.5%
Market cap$0.2B$0.8B
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: STTK -93.5% vs -97.8%Higher 5y return: STTK -63.7% vs -96.0%
-12%0%+399%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. OKUR · STTK

Year-by-year returns

YearOKURSTTK
2022-72.7%-73.0%
2023-31.3%+210.0%
2024-46.2%-83.0%
2025-66.3%+201.7%
2026+32.1%+109.6%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are OKUR and STTK good diversifiers for each other?

By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.

FAQ

What is the correlation between OKUR and STTK?

As of 2026-08-27, the correlation of weekly returns between OKUR and STTK is -0.29 over 3 years, 0.10 over 1 year and -0.17 over 5 years.

Is STTK a good diversifier for OKUR?

By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.

What does a correlation of -0.29 mean?

On the −1 to +1 scale, -0.29 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

JSON API · no key required
$ curl https://www.pairbook.io/api/v1/pairs/okur-vs-sttk.json

OKUR vs STTK: 3-year weekly correlation -0.29OKUR vs STTK-0.29

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Hubs: OKUR correlations · STTK correlations