ICUI vs VCYT: Correlation
Measured on weekly returns over the past three years, ICU Medical, Inc. (ICUI) and Veracyte, Inc. (VCYT) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICUI and VCYT?
Over the past 3 years, ICUI and VCYT moved with a correlation of 0.52, which is moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.52). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 1100.7 %².
In ICUI's tracked universe of 16 assets, VCYT sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months VCYT outperformed by 19.9 percentage points (+38.3% for ICUI 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.
ICUI vs VCYT: side by side
| ICUI (ICU Medical, Inc.) | VCYT (Veracyte, Inc.) | |
|---|---|---|
| 1-year return | +38.3% | +58.2% |
| 5-year return | -12.5% | -7.1% |
| Volatility (ann.) | 39.5% | 53.3% |
| Beta vs S&P 500 | 0.84 | 1.37 |
| Max drawdown (3Y) | -45.1% | -50.1% |
| Market cap | $4.4B | $3.6B |
| P/E (trailing) | 150.9 | 31.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICUI | VCYT |
|---|---|---|
| 2022 | -33.6% | -42.4% |
| 2023 | -36.7% | +15.9% |
| 2024 | +55.6% | +43.9% |
| 2025 | -8.1% | +6.3% |
| 2026 | +22.7% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICUI and VCYT good diversifiers for each other?
Only partially. A correlation of 0.52 means ICUI and VCYT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ICUI and VCYT?
The ICUI/VCYT correlation stands at 0.52 on a 3-year window (1 year: 0.41, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is VCYT a good diversifier for ICUI?
Only partially. A correlation of 0.52 means ICUI and VCYT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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/icui-vs-vcyt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/icui-vs-vcyt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ICUI correlations · VCYT correlations
