VANI vs VKTX: Correlation
Vivani Medical, Inc. (VANI) and Viking Therapeutics, Inc. (VKTX) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VANI and VKTX?
Across a 3-year window, the weekly returns of VANI and VKTX correlate at 0.67, strong. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.67). Stretching to 5 years gives 0.46, with an annualized covariance of 8685.8 %².
Among the 25 assets we track against VANI, VKTX ranks #4 by 3-year correlation. On 12-month performance VKTX holds a 12.4-point edge, +14.8% against +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.
VANI vs VKTX: side by side
| VANI (Vivani Medical, Inc.) | VKTX (Viking Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +14.8% | +27.2% |
| 5-year return | -87.4% | +417.7% |
| Volatility (ann.) | 123.8% | 105.3% |
| Beta vs S&P 500 | 1.29 | 1.66 |
| Max drawdown (3Y) | -77.8% | -78.9% |
| Market cap | $0.1B | $3.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VANI | VKTX |
|---|---|---|
| 2022 | -82.6% | +104.3% |
| 2023 | +20.0% | +98.0% |
| 2024 | +13.7% | +116.2% |
| 2025 | +6.0% | -12.6% |
| 2026 | +13.8% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VANI and VKTX good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between VANI and VKTX?
The VANI/VKTX correlation stands at 0.67 on a 3-year window (1 year: 0.12, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is VKTX a good diversifier for VANI?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: VANI correlations · VKTX correlations
