ACAD vs INCY: Correlation
Measured on weekly returns over the past three years, ACADIA Pharmaceuticals Inc. (ACAD) and Incyte (INCY) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACAD and INCY?
Over the past 3 years, ACAD and INCY moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 744.4 %².
Among the 15 assets we track against ACAD, INCY ranks #6 by 3-year correlation. The last year tells two different stories: INCY led by 38.7 percentage points, +11.9% for ACAD against +50.6% for INCY.
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.
ACAD vs INCY: side by side
| ACAD (ACADIA Pharmaceuticals Inc.) | INCY (Incyte) | |
|---|---|---|
| 1-year return | +11.9% | +50.6% |
| 5-year return | +75.2% | +68.0% |
| Volatility (ann.) | 48.8% | 33.1% |
| Beta vs S&P 500 | 1.18 | 0.45 |
| Max drawdown (3Y) | -55.6% | -33.8% |
| Market cap | $5.1B | $25.9B |
| P/E (trailing) | 13.3 | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ACAD | INCY |
|---|---|---|
| 2022 | -31.8% | +9.4% |
| 2023 | +96.7% | -21.8% |
| 2024 | -41.4% | +10.0% |
| 2025 | +45.6% | +43.0% |
| 2026 | +11.3% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACAD and INCY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACAD and INCY?
As of 2026-08-27, the correlation of weekly returns between ACAD and INCY is 0.46 over 3 years, 0.43 over 1 year and 0.28 over 5 years.
Is INCY a good diversifier for ACAD?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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.
Use this data
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Related comparisons
Hubs: ACAD correlations · INCY correlations
