ALKS vs INCY: Correlation
Measured on weekly returns over the past three years, Alkermes plc (ALKS) and Incyte (INCY) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALKS and INCY?
Over the past 3 years, ALKS and INCY moved with a correlation of 0.42, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 536.9 %².
By 3-year correlation, INCY places #5 of the 11 assets tracked against ALKS. The last year tells two different stories: ALKS led by 16.6 percentage points, +67.2% for ALKS 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.
ALKS vs INCY: side by side
| ALKS (Alkermes plc) | INCY (Incyte) | |
|---|---|---|
| 1-year return | +67.2% | +50.6% |
| 5-year return | +55.7% | +68.0% |
| Volatility (ann.) | 39.0% | 33.1% |
| Beta vs S&P 500 | 0.62 | 0.45 |
| Max drawdown (3Y) | -29.3% | -33.8% |
| Market cap | $8.2B | $25.9B |
| P/E (trailing) | 128.7 | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ALKS | INCY |
|---|---|---|
| 2022 | +12.3% | +9.4% |
| 2023 | +6.2% | -21.8% |
| 2024 | +3.7% | +10.0% |
| 2025 | -2.7% | +43.0% |
| 2026 | +74.8% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALKS and INCY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALKS and INCY?
As of 2026-08-27, the correlation of weekly returns between ALKS and INCY is 0.42 over 3 years, 0.49 over 1 year and 0.39 over 5 years.
Is INCY a good diversifier for ALKS?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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: ALKS correlations · INCY correlations
