FLGT vs VCYT: Correlation
Measured on weekly returns over the past three years, Fulgent Genetics, Inc. (FLGT) and Veracyte, Inc. (VCYT) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLGT and VCYT?
On 3 years of weekly data the FLGT/VCYT correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 992.5 %².
By 3-year correlation, VCYT places #4 of the 11 assets tracked against FLGT. The last year tells two different stories: VCYT led by 66.0 percentage points, -7.8% for FLGT against +58.2% for VCYT.
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.
FLGT vs VCYT: side by side
| FLGT (Fulgent Genetics, Inc.) | VCYT (Veracyte, Inc.) | |
|---|---|---|
| 1-year return | -7.8% | +58.2% |
| 5-year return | -78.2% | -7.1% |
| Volatility (ann.) | 46.5% | 53.3% |
| Beta vs S&P 500 | 0.55 | 1.37 |
| Max drawdown (3Y) | -59.2% | -50.1% |
| Market cap | $0.5B | $3.6B |
| P/E (trailing) | – | 31.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLGT | VCYT |
|---|---|---|
| 2022 | -70.4% | -42.4% |
| 2023 | -2.9% | +15.9% |
| 2024 | -36.1% | +43.9% |
| 2025 | +42.2% | +6.3% |
| 2026 | -24.1% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLGT and VCYT good diversifiers for each other?
Reasonably. At 0.40, FLGT and VCYT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLGT and VCYT?
The FLGT/VCYT correlation stands at 0.40 on a 3-year window (1 year: 0.48, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is VCYT a good diversifier for FLGT?
Reasonably. At 0.40, FLGT and VCYT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flgt-vs-vcyt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flgt-vs-vcyt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLGT correlations · VCYT correlations
