IKT vs VERA: Correlation
How closely do Inhibikase Therapeutics, Inc. (IKT) and Vera Therapeutics, Inc. (VERA) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IKT and VERA?
Over the past 3 years, IKT and VERA moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 3238.0 %².
Among the 11 assets we track against IKT, VERA ranks #5 by 3-year correlation. The last year tells two different stories: VERA led by 19.1 percentage points, +38.0% for IKT against +57.1% for VERA.
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.
IKT vs VERA: side by side
| IKT (Inhibikase Therapeutics, Inc.) | VERA (Vera Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +38.0% | +57.1% |
| 5-year return | -81.3% | +133.8% |
| Volatility (ann.) | 94.9% | 87.9% |
| Beta vs S&P 500 | 1.74 | 1.47 |
| Max drawdown (3Y) | -65.4% | -62.1% |
| Market cap | $0.3B | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IKT | VERA |
|---|---|---|
| 2022 | -66.0% | -27.6% |
| 2023 | -57.7% | -20.5% |
| 2024 | +155.9% | +175.0% |
| 2025 | -36.9% | +19.7% |
| 2026 | +20.5% | -31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IKT and VERA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IKT and VERA?
The IKT/VERA correlation stands at 0.39 on a 3-year window (1 year: 0.10, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is VERA a good diversifier for IKT?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: IKT correlations · VERA correlations
