VKTX vs XEL: Correlation
Viking Therapeutics, Inc. (VKTX) and Xcel Energy (XEL) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VKTX and XEL?
On 3 years of weekly data the VKTX/XEL correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.27) runs above the 3-year figure (-0.32). The 5-year figure is -0.13, and annualized covariance runs at -700.4 %².
XEL is close to the least connected end of VKTX's tracked universe, ranking #22 of 22. Correlation aside, the last 12 months split them widely, with VKTX ahead by 18.0 points (+27.2% versus +9.2%). Note the risk asymmetry: VKTX runs 5.1 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.
VKTX vs XEL: side by side
| VKTX (Viking Therapeutics, Inc.) | XEL (Xcel Energy) | |
|---|---|---|
| 1-year return | +27.2% | +9.2% |
| 5-year return | +417.7% | +31.1% |
| Volatility (ann.) | 105.3% | 20.7% |
| Beta vs S&P 500 | 1.66 | 0.09 |
| Max drawdown (3Y) | -78.9% | -24.0% |
| Market cap | $3.9B | $48.2B |
| P/E (trailing) | – | 21.3 |
| Dividend yield | 0.00% | 2.99% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | VKTX | XEL |
|---|---|---|
| 2022 | +104.3% | +6.4% |
| 2023 | +98.0% | -8.7% |
| 2024 | +116.2% | +12.3% |
| 2025 | -12.6% | +13.9% |
| 2026 | -3.8% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VKTX and XEL good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between VKTX and XEL?
As of 2026-08-27, the correlation of weekly returns between VKTX and XEL is -0.32 over 3 years, 0.27 over 1 year and -0.13 over 5 years.
Is XEL a good diversifier for VKTX?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vktx-vs-xel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vktx-vs-xel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VKTX correlations · XEL correlations
