GILD vs INCY: Correlation
How closely do Gilead Sciences (GILD) and Incyte (INCY) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GILD and INCY?
Over the past 3 years, GILD and INCY moved with a correlation of 0.37, which is moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.37). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 295.4 %².
Within GILD's tracked universe of 30 assets, INCY comes in at #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INCY ahead by 16.5 points (+34.1% versus +50.6%). The rolling one-year correlation moved between 0.11 and 0.56 over the past three years, a moderate range.
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.
GILD vs INCY: side by side
| GILD (Gilead Sciences) | INCY (Incyte) | |
|---|---|---|
| 1-year return | +34.1% | +50.6% |
| 5-year return | +148.1% | +68.0% |
| Volatility (ann.) | 24.1% | 33.1% |
| Beta vs S&P 500 | 0.33 | 0.45 |
| Max drawdown (3Y) | -26.6% | -33.8% |
| Market cap | $184.6B | $25.9B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | GILD | INCY |
|---|---|---|
| 2022 | +23.6% | +9.4% |
| 2023 | -2.0% | -21.8% |
| 2024 | +18.7% | +10.0% |
| 2025 | +36.6% | +43.0% |
| 2026 | +22.8% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GILD and INCY good diversifiers for each other?
Reasonably. At 0.37, GILD and INCY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GILD and INCY?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.19 over the last year and 0.38 over 5 years.
Is INCY a good diversifier for GILD?
Reasonably. At 0.37, GILD and INCY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/gild-vs-incy.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: GILD correlations · INCY correlations
