VCYT vs XBI: Correlation
Measured on weekly returns over the past three years, Veracyte, Inc. (VCYT) and SPDR S&P Biotech ETF (XBI) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VCYT and XBI?
Across a 3-year window, the weekly returns of VCYT and XBI correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.61, with an annualized covariance of 730.9 %².
Among the 20 assets we track against VCYT, XBI ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XBI ahead by 29.0 points (+58.2% versus +87.2%). Risk is not evenly split, since VCYT carries 1.9 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.
VCYT vs XBI: side by side
| VCYT (Veracyte, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +58.2% | +87.2% |
| 5-year return | -7.1% | +28.6% |
| Volatility (ann.) | 53.3% | 27.7% |
| Beta vs S&P 500 | 1.37 | 1.09 |
| Max drawdown (3Y) | -50.1% | -33.0% |
| Market cap | $3.6B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | VCYT | XBI |
|---|---|---|
| 2022 | -42.4% | -25.9% |
| 2023 | +15.9% | +7.6% |
| 2024 | +43.9% | +1.0% |
| 2025 | +6.3% | +35.9% |
| 2026 | +7.5% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VCYT and XBI good diversifiers for each other?
Only partially. A correlation of 0.50 means VCYT and XBI 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 VCYT and XBI?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.40 over the last year and 0.61 over 5 years.
Is XBI a good diversifier for VCYT?
Only partially. A correlation of 0.50 means VCYT and XBI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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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Related comparisons
Hubs: VCYT correlations · XBI correlations
