GKOS vs VCEL: Correlation
Measured on weekly returns over the past three years, Glaukos Corporation (GKOS) and Vericel Corporation (VCEL) 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 GKOS and VCEL?
On 3 years of weekly data the GKOS/VCEL correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 764.1 %².
Few assets follow GKOS as closely as VCEL, which ranks #1 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months GKOS outperformed by 76.5 percentage points (+91.2% for GKOS against +14.7% for VCEL).
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.
GKOS vs VCEL: side by side
| GKOS (Glaukos Corporation) | VCEL (Vericel Corporation) | |
|---|---|---|
| 1-year return | +91.2% | +14.7% |
| 5-year return | +218.6% | -26.0% |
| Volatility (ann.) | 45.7% | 41.9% |
| Beta vs S&P 500 | 0.85 | 1.00 |
| Max drawdown (3Y) | -53.7% | -52.5% |
| Market cap | $10.7B | $2.1B |
| P/E (trailing) | – | 87.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GKOS | VCEL |
|---|---|---|
| 2022 | -1.7% | -33.0% |
| 2023 | +82.0% | +35.2% |
| 2024 | +88.6% | +54.2% |
| 2025 | -24.7% | -34.4% |
| 2026 | +61.1% | +14.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GKOS and VCEL good diversifiers for each other?
Reasonably. At 0.40, GKOS and VCEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GKOS and VCEL?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.33 over the last year and 0.44 over 5 years.
Is VCEL a good diversifier for GKOS?
Reasonably. At 0.40, GKOS and VCEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/gkos-vs-vcel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gkos-vs-vcel/)
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Related comparisons
Hubs: GKOS correlations · VCEL correlations
