ACGL vs VBIO: Correlation
Measured on weekly returns over the past three years, Arch Capital Group (ACGL) and Valion Bio, Inc. (VBIO) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACGL and VBIO?
Across a 3-year window, the weekly returns of ACGL and VBIO correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.18, with an annualized covariance of -695.1 %².
Among the 36 assets we track against ACGL, VBIO ranks #31 by 3-year correlation. The last year tells two different stories: ACGL led by 103.7 percentage points, +7.7% for ACGL against -96.0% for VBIO. One caveat on sizing: VBIO is 6.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACGL vs VBIO: side by side
| ACGL (Arch Capital Group) | VBIO (Valion Bio, Inc.) | |
|---|---|---|
| 1-year return | +7.7% | -96.0% |
| 5-year return | +151.8% | -100.0% |
| Volatility (ann.) | 21.5% | 147.8% |
| Beta vs S&P 500 | 0.28 | 1.27 |
| Max drawdown (3Y) | -22.4% | -99.8% |
| Market cap | $33.7B | – |
| P/E (trailing) | 7.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ACGL | VBIO |
|---|---|---|
| 2022 | +41.2% | -83.5% |
| 2023 | +18.3% | -97.2% |
| 2024 | +30.8% | -80.8% |
| 2025 | +3.9% | -75.3% |
| 2026 | +3.0% | -91.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACGL and VBIO good diversifiers for each other?
Yes. With a correlation of -0.22, ACGL and VBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACGL and VBIO?
The ACGL/VBIO correlation stands at -0.22 on a 3-year window (1 year: -0.04, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is VBIO a good diversifier for ACGL?
Yes. With a correlation of -0.22, ACGL and VBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: ACGL correlations · VBIO correlations
