INGN vs VCYT: Correlation
How closely do Inogen, Inc (INGN) and Veracyte, Inc. (VCYT) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INGN and VCYT?
On 3 years of weekly data the INGN/VCYT correlation comes out at 0.47, moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.47). The 5-year figure is 0.41, and annualized covariance runs at 1597.7 %².
VCYT is one of the assets that tracks INGN most closely: it ranks #1 out of the 13 assets we track against INGN. The last year tells two different stories: VCYT led by 88.7 percentage points, -30.5% for INGN 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.
INGN vs VCYT: side by side
| INGN (Inogen, Inc) | VCYT (Veracyte, Inc.) | |
|---|---|---|
| 1-year return | -30.5% | +58.2% |
| 5-year return | -90.7% | -7.1% |
| Volatility (ann.) | 64.0% | 53.3% |
| Beta vs S&P 500 | 1.24 | 1.37 |
| Max drawdown (3Y) | -57.6% | -50.1% |
| Market cap | $0.1B | $3.6B |
| P/E (trailing) | – | 31.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INGN | VCYT |
|---|---|---|
| 2022 | -42.0% | -42.4% |
| 2023 | -72.1% | +15.9% |
| 2024 | +67.0% | +43.9% |
| 2025 | -26.7% | +6.3% |
| 2026 | -18.0% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INGN and VCYT good diversifiers for each other?
Reasonably. At 0.47, INGN and VCYT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INGN and VCYT?
The INGN/VCYT correlation stands at 0.47 on a 3-year window (1 year: 0.11, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is VCYT a good diversifier for INGN?
Reasonably. At 0.47, INGN and VCYT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/ingn-vs-vcyt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ingn-vs-vcyt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INGN correlations · VCYT correlations
