FEBO vs VCYT: Correlation
Measured on weekly returns over the past three years, Fenbo Holdings Limited - Class A (FEBO) and Veracyte, Inc. (VCYT) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEBO and VCYT?
Over the past 3 years, FEBO and VCYT moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1064.5 %².
Out of 10 assets tracked against FEBO, VCYT lands near the bottom at #9. The last year tells two different stories: VCYT led by 61.3 percentage points, -3.1% for FEBO against +58.2% for VCYT. Note the risk asymmetry: FEBO 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.
FEBO vs VCYT: side by side
| FEBO (Fenbo Holdings Limited - Class A) | VCYT (Veracyte, Inc.) | |
|---|---|---|
| 1-year return | -3.1% | +58.2% |
| 5-year return | n/a | -7.1% |
| Volatility (ann.) | 81.1% | 53.3% |
| Beta vs S&P 500 | 0.19 | 1.37 |
| Max drawdown (3Y) | -96.0% | -50.1% |
| Market cap | – | $3.6B |
| P/E (trailing) | – | 31.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEBO | VCYT |
|---|---|---|
| 2022 | – | -42.4% |
| 2023 | – | +15.9% |
| 2024 | -65.6% | +43.9% |
| 2025 | -23.6% | +6.3% |
| 2026 | -45.9% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEBO and VCYT good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FEBO and VCYT?
As of 2026-08-27, the correlation of weekly returns between FEBO and VCYT is -0.25 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is VCYT a good diversifier for FEBO?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/febo-vs-vcyt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/febo-vs-vcyt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FEBO correlations · VCYT correlations
