PCVX vs WHLR: Correlation
Vaxcyte, Inc. (PCVX) and Wheeler Real Estate Investment Trust, Inc. (WHLR) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCVX and WHLR?
Over the past 3 years, PCVX and WHLR moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (-0.03) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 11865.0 %².
By 3-year correlation, WHLR places #10 of the 17 assets tracked against PCVX. Their recent paths diverged sharply: over the last 12 months PCVX outperformed by 200.2 percentage points (+100.2% for PCVX against -100.0% for WHLR). Risk is not evenly split, since WHLR carries 9.4 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.
PCVX vs WHLR: side by side
| PCVX (Vaxcyte, Inc.) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +100.2% | -100.0% |
| 5-year return | +130.8% | -100.0% |
| Volatility (ann.) | 57.9% | 545.0% |
| Beta vs S&P 500 | 1.40 | -5.84 |
| Max drawdown (3Y) | -76.2% | -100.0% |
| Market cap | $9.1B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCVX | WHLR |
|---|---|---|
| 2022 | +101.6% | -28.0% |
| 2023 | +31.0% | -98.4% |
| 2024 | +30.4% | -98.4% |
| 2025 | -43.6% | -100.0% |
| 2026 | +32.5% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCVX and WHLR good diversifiers for each other?
Reasonably. At 0.38, PCVX and WHLR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PCVX and WHLR?
The PCVX/WHLR correlation stands at 0.38 on a 3-year window (1 year: -0.03, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is WHLR a good diversifier for PCVX?
Reasonably. At 0.38, PCVX and WHLR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/pcvx-vs-whlr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pcvx-vs-whlr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PCVX correlations · WHLR correlations
