JANX vs VKTX: Correlation
How closely do Janux Therapeutics, Inc. (JANX) and Viking Therapeutics, Inc. (VKTX) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JANX and VKTX?
Across a 3-year window, the weekly returns of JANX and VKTX correlate at 0.68, strong. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.68). Stretching to 5 years gives 0.51, with an annualized covariance of 10536.8 %².
Within JANX's tracked universe of 16 assets, VKTX comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VKTX ahead by 46.8 points (-19.6% versus +27.2%).
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 VKTX: side by side
| JANX (Janux Therapeutics, Inc.) | VKTX (Viking Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -19.6% | +27.2% |
| 5-year return | -42.6% | +417.7% |
| Volatility (ann.) | 148.0% | 105.3% |
| Beta vs S&P 500 | 1.76 | 1.66 |
| Max drawdown (3Y) | -81.8% | -78.9% |
| Market cap | $1.1B | $3.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JANX | VKTX |
|---|---|---|
| 2022 | -33.2% | +104.3% |
| 2023 | -18.5% | +98.0% |
| 2024 | +399.0% | +116.2% |
| 2025 | -74.2% | -12.6% |
| 2026 | +36.1% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JANX and VKTX good diversifiers for each other?
Only partially. A correlation of 0.68 means JANX and VKTX 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 JANX and VKTX?
The JANX/VKTX correlation stands at 0.68 on a 3-year window (1 year: 0.27, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is VKTX a good diversifier for JANX?
Only partially. A correlation of 0.68 means JANX and VKTX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
A reading of 0.68 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/janx-vs-vktx.json
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Related comparisons
Hubs: JANX correlations · VKTX correlations
