EWTX vs PCVX: Correlation
How closely do Edgewise Therapeutics, Inc. (EWTX) and Vaxcyte, Inc. (PCVX) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EWTX and PCVX?
Across a 3-year window, the weekly returns of EWTX and PCVX correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 2127.4 %².
Within EWTX's tracked universe of 10 assets, PCVX comes in at #4 by 3-year correlation. The last year tells two different stories: EWTX led by 105.6 percentage points, +205.8% for EWTX against +100.2% for PCVX.
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.
EWTX vs PCVX: side by side
| EWTX (Edgewise Therapeutics, Inc.) | PCVX (Vaxcyte, Inc.) | |
|---|---|---|
| 1-year return | +205.8% | +100.2% |
| 5-year return | +194.6% | +130.8% |
| Volatility (ann.) | 77.7% | 57.9% |
| Beta vs S&P 500 | 2.04 | 1.40 |
| Max drawdown (3Y) | -68.8% | -76.2% |
| Market cap | $4.8B | $9.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EWTX | PCVX |
|---|---|---|
| 2022 | -41.5% | +101.6% |
| 2023 | +22.4% | +31.0% |
| 2024 | +144.1% | +30.4% |
| 2025 | -7.1% | -43.6% |
| 2026 | +78.1% | +32.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EWTX and PCVX good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EWTX and PCVX?
As of 2026-08-27, the correlation of weekly returns between EWTX and PCVX is 0.47 over 3 years, 0.41 over 1 year and 0.28 over 5 years.
Is PCVX a good diversifier for EWTX?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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
$ curl https://www.pairbook.io/api/v1/pairs/ewtx-vs-pcvx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ewtx-vs-pcvx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EWTX correlations · PCVX correlations
