KRYS vs VANI: Correlation
Krystal Biotech, Inc. (KRYS) and Vivani Medical, Inc. (VANI) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRYS and VANI?
Across a 3-year window, the weekly returns of KRYS and VANI correlate at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.56 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 3544.3 %².
Few assets follow KRYS as closely as VANI, which ranks #3 of 18 tracked partners. Their recent paths diverged sharply: over the last 12 months KRYS outperformed by 127.3 percentage points (+142.1% for KRYS against +14.8% for VANI). Risk is not evenly split, since VANI carries 2.4 times the volatility of the other side.
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.
KRYS vs VANI: side by side
| KRYS (Krystal Biotech, Inc.) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | +142.1% | +14.8% |
| 5-year return | +523.2% | -87.4% |
| Volatility (ann.) | 50.8% | 123.8% |
| Beta vs S&P 500 | 0.77 | 1.29 |
| Max drawdown (3Y) | -42.3% | -77.8% |
| Market cap | $10.6B | $0.1B |
| P/E (trailing) | 44.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRYS | VANI |
|---|---|---|
| 2022 | +13.3% | -82.6% |
| 2023 | +56.6% | +20.0% |
| 2024 | +26.3% | +13.7% |
| 2025 | +57.4% | +6.0% |
| 2026 | +45.0% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRYS and VANI good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KRYS and VANI?
The KRYS/VANI correlation stands at 0.56 on a 3-year window (1 year: 0.15, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is VANI a good diversifier for KRYS?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/krys-vs-vani.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/krys-vs-vani/)
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Related comparisons
Hubs: KRYS correlations · VANI correlations
