BNTC vs VKTX: Correlation
Measured on weekly returns over the past three years, Benitec Biopharma Inc. (BNTC) and Viking Therapeutics, Inc. (VKTX) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNTC and VKTX?
On 3 years of weekly data the BNTC/VKTX correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 2839.4 %².
VKTX is one of the assets that tracks BNTC most closely: it ranks #3 out of the 10 assets we track against BNTC. Correlation aside, the last 12 months split them widely, with VKTX ahead by 28.7 points (-1.5% versus +27.2%). Note the risk asymmetry: VKTX 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.
BNTC vs VKTX: side by side
| BNTC (Benitec Biopharma Inc.) | VKTX (Viking Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -1.5% | +27.2% |
| 5-year return | -82.5% | +417.7% |
| Volatility (ann.) | 69.3% | 105.3% |
| Beta vs S&P 500 | 0.83 | 1.66 |
| Max drawdown (3Y) | -40.1% | -78.9% |
| Market cap | $0.4B | $3.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNTC | VKTX |
|---|---|---|
| 2022 | -93.5% | +104.3% |
| 2023 | +11.8% | +98.0% |
| 2024 | +291.0% | +116.2% |
| 2025 | +6.7% | -12.6% |
| 2026 | -5.9% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNTC and VKTX good diversifiers for each other?
Reasonably. At 0.39, BNTC and VKTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BNTC and VKTX?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.41 over the last year and 0.34 over 5 years.
Is VKTX a good diversifier for BNTC?
Reasonably. At 0.39, BNTC and VKTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: BNTC correlations · VKTX correlations
