JANX vs VANI: Correlation
Janux Therapeutics, Inc. (JANX) and Vivani Medical, Inc. (VANI) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JANX and VANI?
On 3 years of weekly data the JANX/VANI correlation comes out at 0.75, strong. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.75 over 3 years. The 5-year figure is 0.65, and annualized covariance runs at 13743.2 %².
Few assets follow JANX as closely as VANI, which ranks #2 of 16 tracked partners. The last year tells two different stories: VANI led by 34.4 percentage points, -19.6% for JANX against +14.8% for VANI.
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.
JANX vs VANI: side by side
| JANX (Janux Therapeutics, Inc.) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | -19.6% | +14.8% |
| 5-year return | -42.6% | -87.4% |
| Volatility (ann.) | 148.0% | 123.8% |
| Beta vs S&P 500 | 1.76 | 1.29 |
| Max drawdown (3Y) | -81.8% | -77.8% |
| Market cap | $1.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JANX | VANI |
|---|---|---|
| 2022 | -33.2% | -82.6% |
| 2023 | -18.5% | +20.0% |
| 2024 | +399.0% | +13.7% |
| 2025 | -74.2% | +6.0% |
| 2026 | +36.1% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JANX and VANI good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JANX and VANI?
As of 2026-08-27, the correlation of weekly returns between JANX and VANI is 0.75 over 3 years, 0.17 over 1 year and 0.65 over 5 years.
Is VANI a good diversifier for JANX?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/janx-vs-vani.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/janx-vs-vani/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JANX correlations · VANI correlations
