ARQT vs VERA: Correlation
How closely do Arcutis Biotherapeutics, Inc. (ARQT) and Vera Therapeutics, Inc. (VERA) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQT and VERA?
Across a 3-year window, the weekly returns of ARQT and VERA correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.26, with an annualized covariance of 3217.0 %².
Few assets follow ARQT as closely as VERA, which ranks #3 of 10 tracked partners. Neither side won the trailing year by much: +58.9% against +57.1%.
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.
ARQT vs VERA: side by side
| ARQT (Arcutis Biotherapeutics, Inc.) | VERA (Vera Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +58.9% | +57.1% |
| 5-year return | +18.0% | +133.8% |
| Volatility (ann.) | 81.9% | 87.9% |
| Beta vs S&P 500 | 1.10 | 1.47 |
| Max drawdown (3Y) | -79.5% | -62.1% |
| Market cap | $3.1B | $2.5B |
| P/E (trailing) | 113.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARQT | VERA |
|---|---|---|
| 2022 | -28.6% | -27.6% |
| 2023 | -78.2% | -20.5% |
| 2024 | +331.3% | +175.0% |
| 2025 | +108.5% | +19.7% |
| 2026 | -14.4% | -31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQT and VERA good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARQT and VERA?
The ARQT/VERA correlation stands at 0.45 on a 3-year window (1 year: 0.24, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is VERA a good diversifier for ARQT?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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.
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Related comparisons
Hubs: ARQT correlations · VERA correlations
