CDNA vs VCYT: Correlation
Measured on weekly returns over the past three years, CareDx, Inc. (CDNA) and Veracyte, Inc. (VCYT) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDNA and VCYT?
On 3 years of weekly data the CDNA/VCYT correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.44). The 5-year figure is 0.42, and annualized covariance runs at 1941.7 %².
In CDNA's tracked universe of 10 assets, VCYT sits right near the top at #2. The last year tells two different stories: CDNA led by 235.8 percentage points, +294.0% for CDNA against +58.2% for VCYT. Note the risk asymmetry: CDNA runs 1.6 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.
CDNA vs VCYT: side by side
| CDNA (CareDx, Inc.) | VCYT (Veracyte, Inc.) | |
|---|---|---|
| 1-year return | +294.0% | +58.2% |
| 5-year return | -35.0% | -7.1% |
| Volatility (ann.) | 83.5% | 53.3% |
| Beta vs S&P 500 | 1.46 | 1.37 |
| Max drawdown (3Y) | -66.0% | -50.1% |
| Market cap | $2.7B | $3.6B |
| P/E (trailing) | 24.5 | 31.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDNA | VCYT |
|---|---|---|
| 2022 | -74.9% | -42.4% |
| 2023 | +5.2% | +15.9% |
| 2024 | +78.4% | +43.9% |
| 2025 | -12.0% | +6.3% |
| 2026 | +177.9% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDNA and VCYT good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CDNA and VCYT?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.30 over the last year and 0.42 over 5 years.
Is VCYT a good diversifier for CDNA?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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
$ curl https://www.pairbook.io/api/v1/pairs/cdna-vs-vcyt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdna-vs-vcyt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDNA correlations · VCYT correlations
