PCVX vs ZURA: Correlation
Measured on weekly returns over the past three years, Vaxcyte, Inc. (PCVX) and Zura Bio Limited - Class A (ZURA) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCVX and ZURA?
Across a 3-year window, the weekly returns of PCVX and ZURA correlate at 0.39, moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.39). Stretching to 5 years gives n/a, with an annualized covariance of 2285.4 %².
Among the 17 assets we track against PCVX, ZURA ranks #8 by 3-year correlation. The last year tells two different stories: ZURA led by 70.6 percentage points, +100.2% for PCVX against +170.8% for ZURA. Note the risk asymmetry: ZURA runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 ZURA: side by side
| PCVX (Vaxcyte, Inc.) | ZURA (Zura Bio Limited - Class A) | |
|---|---|---|
| 1-year return | +100.2% | +170.8% |
| 5-year return | +130.8% | n/a |
| Volatility (ann.) | 57.9% | 100.1% |
| Beta vs S&P 500 | 1.40 | 1.00 |
| Max drawdown (3Y) | -76.2% | -85.8% |
| Market cap | $9.1B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCVX | ZURA |
|---|---|---|
| 2022 | +101.6% | – |
| 2023 | +31.0% | – |
| 2024 | +30.4% | -46.5% |
| 2025 | -43.6% | +109.6% |
| 2026 | +32.5% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCVX and ZURA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PCVX and ZURA?
As of 2026-08-27, the correlation of weekly returns between PCVX and ZURA is 0.39 over 3 years, 0.69 over 1 year and n/a over 5 years.
Is ZURA a good diversifier for PCVX?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pcvx-vs-zura.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pcvx-vs-zura/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PCVX correlations · ZURA correlations
